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Triangle Tyre Co (SHSE:601163) Capex-to-Operating-Income : 0.11 (As of Sep. 2023)


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What is Triangle Tyre Co 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.

Triangle Tyre Co's Capital Expenditure for the three months ended in Sep. 2023 was ¥-46.30 Mil. Its Operating Income for the three months ended in Sep. 2023 was ¥428.48 Mil.

Hence, Triangle Tyre Co's Capex-to-Operating-Income for the three months ended in Sep. 2023 was 0.11.


Triangle Tyre Co Capex-to-Operating-Income Historical Data

The historical data trend for Triangle Tyre Co'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.

Triangle Tyre Co Capex-to-Operating-Income Chart

Triangle Tyre Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.41 0.18 0.06 0.22 0.13

Triangle Tyre Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only 0.15 0.07 0.09 0.03 0.11

Competitive Comparison of Triangle Tyre Co's Capex-to-Operating-Income

For the Auto Parts subindustry, Triangle Tyre Co'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.


Triangle Tyre Co's Capex-to-Operating-Income Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Triangle Tyre Co's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Triangle Tyre Co's Capex-to-Operating-Income falls into.



Triangle Tyre Co Capex-to-Operating-Income Calculation

Triangle Tyre Co's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2022 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-79.069) / 616.034
=0.13

Triangle Tyre Co's Capex-to-Operating-Income for the quarter that ended in Sep. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-46.304) / 428.478
=0.11

* 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.


Triangle Tyre Co  (SHSE:601163) 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.


Triangle Tyre Co Capex-to-Operating-Income Related Terms

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Triangle Tyre Co (SHSE:601163) Business Description

Traded in Other Exchanges
N/A
Address
56 Middle Qingdao Road, Shandong Province, Weihai, CHN, 264200
Triangle Tyre Co Ltd is a tire manufacturing company. Its range of products covers commercial tires, passenger tires, bias OTR tires, radial OTR tires, jumbo OTR tires and others. It holds enormous foreign and Chinese patent portfolio and plays the key role in setting national and professional tire industry standards. Further, it has built a global partnership with various brands such as Caterpillar, Terex, Doosan, Hyundai and Volvo and others. Geographically, its presence is seen in both Chinese and international market.

Triangle Tyre Co (SHSE:601163) Headlines

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