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MTEN (Mingteng International) Capex-to-Operating-Income : 0.62 (As of Dec. 2023)


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What is Mingteng International 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.

Mingteng International's Capital Expenditure for the six months ended in Dec. 2023 was $-0.74 Mil. Its Operating Income for the six months ended in Dec. 2023 was $1.19 Mil.

Hence, Mingteng International's Capex-to-Operating-Income for the six months ended in Dec. 2023 was 0.62.


Mingteng International Capex-to-Operating-Income Historical Data

The historical data trend for Mingteng International'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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Mingteng International Capex-to-Operating-Income Chart

Mingteng International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Income
0.11 0.30 0.59 0.41

Mingteng International Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Capex-to-Operating-Income Get a 7-Day Free Trial 0.41 0.18 0.92 0.03 0.62

Competitive Comparison of Mingteng International's Capex-to-Operating-Income

For the Metal Fabrication subindustry, Mingteng International'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.


Mingteng International's Capex-to-Operating-Income Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mingteng International's Capex-to-Operating-Income distribution charts can be found below:

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



Mingteng International Capex-to-Operating-Income Calculation

Mingteng International's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.762) / 1.872
=0.41

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

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-0.74) / 1.186
=0.62

* 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.


Mingteng International  (NAS:MTEN) 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.


Mingteng International Capex-to-Operating-Income Related Terms

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Mingteng International Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189
Website
Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

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