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Ashoka Metcast (NSE:ASHOKAMET) Capex-to-Operating-Income : 2.27 (As of Sep. 2023)


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What is Ashoka Metcast 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.

Ashoka Metcast's Capital Expenditure for the three months ended in Sep. 2023 was ₹-28.96 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹12.78 Mil.

Hence, Ashoka Metcast's Capex-to-Operating-Income for the three months ended in Sep. 2023 was 2.27.


Ashoka Metcast Capex-to-Operating-Income Historical Data

The historical data trend for Ashoka Metcast'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.

Ashoka Metcast Capex-to-Operating-Income Chart

Ashoka Metcast Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 27.61 0.17 0.03 0.19

Ashoka Metcast Quarterly Data
Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Capex-to-Operating-Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.04 0.99 0.06 2.27

Competitive Comparison of Ashoka Metcast's Capex-to-Operating-Income

For the Steel subindustry, Ashoka Metcast'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.


Ashoka Metcast's Capex-to-Operating-Income Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ashoka Metcast's Capex-to-Operating-Income distribution charts can be found below:

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



Ashoka Metcast Capex-to-Operating-Income Calculation

Ashoka Metcast's Capex-to-Operating-Income for the fiscal year that ended in Mar. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-7.795) / 40.371
=0.19

Ashoka Metcast's Capex-to-Operating-Income for the quarter that ended in Sep. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-28.958) / 12.777
=2.27

* 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.


Ashoka Metcast  (NSE:ASHOKAMET) 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.


Ashoka Metcast Capex-to-Operating-Income Related Terms

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Ashoka Metcast (NSE:ASHOKAMET) Business Description

Traded in Other Exchanges
Address
Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006
Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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