Ashley Services Group (ASX:ASH) Capex-to-Operating-Income : 0.28 (As of Dec. 2023)

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What is Ashley Services Group Capex-to-Operating-Income?

Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.

Ashley Services Group's Capital Expenditure for the six months ended in Dec. 2023 was A$-1.77 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$6.22 Mil.

Hence, Ashley Services Group's Capex-to-Operating-Income for the six months ended in Dec. 2023 was 0.28.

Ashley Services Group Capex-to-Operating-Income Historical Data

The historical data trend for Ashley Services Group's Capex-to-Operating-Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ashley Services Group Capex-to-Operating-Income Chart

Ashley Services Group Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Capex-to-Operating-Income

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0.13

0.12

0.06

0.10

0.19

Ashley Services Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Capex-to-Operating-Income	Get a 7-Day Free Trial														0.08	0.13	0.23	0.16	0.28

Competitive Comparison of Ashley Services Group's Capex-to-Operating-Income

For the Staffing & Employment Services subindustry, Ashley Services Group's Capex-to-Operating-Income, along with its competitors' market caps and Capex-to-Operating-Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ashley Services Group's Capex-to-Operating-Income Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashley Services Group's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Ashley Services Group's Capex-to-Operating-Income falls into.

Ashley Services Group Capex-to-Operating-Income Calculation

Ashley Services Group's Capex-to-Operating-Income for the fiscal year that ended in Jun. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-3.309)	/	17.286
	=	0.19

Ashley Services Group's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-1.769)	/	6.223
	=	0.28

Ashley Services Group (ASX:ASH) Capex-to-Operating-Income Explanation

Capex-to-Operating-Income assesses how much emphasis a company is placing upon investing in capital-intensive projects. The ratio is generally a good gauge to quantify how much focus on growth a company has. Typically, smaller companies that are still growing and expanding will have a higher Capex to Operating Income Ratio, since such businesses are likely investing more in physical assets. Lower ratios could indicate that a company has reached maturity and it is no longer pursuing aggressive growth.

Ashley Services Group Capex-to-Operating-Income Related Terms

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Ashley Services Group (ASX:ASH) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

92 Pitt Street, Level 10, Sydney, NSW, AUS, 2000

Website

https://www.ashleyservicesgroup.com.au

Ashley Services Group Ltd is engaged in staffing services. The group operates in two operating segments namely Labour hire and Training. The group derives maximum revenue from providing labour-hire services. In labour-hire division, the company has candidates who are able to start work within one hour of the request and run a year-round national operation with dedicated after-hours in-house consultants. Its labour-hire brands to include Action Workforce and Concept Engineering. The organization operates in Australia.