Evolution Mining (ASX:EVN) Capex-to-Operating-Income : 1.46 (As of Dec. 2023)

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What is Evolution Mining 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.

Evolution Mining's Capital Expenditure for the six months ended in Dec. 2023 was A$-391.98 Mil. Its Operating Income for the six months ended in Dec. 2023 was A$268.79 Mil.

Hence, Evolution Mining's Capex-to-Operating-Income for the six months ended in Dec. 2023 was 1.46.

Evolution Mining Capex-to-Operating-Income Historical Data

The historical data trend for Evolution Mining'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.

* Premium members only.

Evolution Mining Capex-to-Operating-Income Chart

Evolution Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Capex-to-Operating-Income

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1.03

0.95

0.85

1.58

2.11

Evolution Mining Semi-Annual Data
	Jun14	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															1.85	1.39	2.10	2.13	1.46

Competitive Comparison of Evolution Mining's Capex-to-Operating-Income

For the Gold subindustry, Evolution Mining'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.

Evolution Mining's Capex-to-Operating-Income Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Evolution Mining's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Evolution Mining's Capex-to-Operating-Income falls into.

Evolution Mining Capex-to-Operating-Income Calculation

Evolution Mining'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
	=	- (-838.675)	/	396.993
	=	2.11

Evolution Mining's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-391.979)	/	268.793
	=	1.46

Evolution Mining (ASX:EVN) 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.

Evolution Mining Capex-to-Operating-Income Related Terms

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Evolution Mining (ASX:EVN) Business Description

Industry

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CAHPF:USA WE7:Germany

Address

175 Liverpool Street, Level 24, Sydney, NSW, AUS, 2000

Website

https://www.evolutionmining.com.au

Evolution Mining is an Australian-based gold miner. It sold around 650,000 ounces of gold in fiscal 2023 from five wholly owned mines in Australia and Canada. Formed in 2011 via the merger of Conquest Mining and Catalpa Resources and the purchase of Newcrest Mining's Mt Rawdon and Cracow mines, Evolution has acquired more mines and sold the generally less attractive, higher-cost mines. Cowal and Mungari were bought in 2015, with an initial interest in Glencore's Ernest Henry mine following in 2016, Red Lake in Canada in 2020, and the rest of Ernest Henry in 2022. It has also agreed to buy an 80% stake in the Northparkes copper and gold mine in New South Wales, likely effective January 2024. It had roughly 13 years of gold reserves at end fiscal 2023.