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Zhejiang Songyuan Automotivefety Systems Co (SZSE:300893) Capex-to-Operating-Income : 1.53 (As of Sep. 2024)


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What is Zhejiang Songyuan Automotivefety Systems 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.

Zhejiang Songyuan Automotivefety Systems Co's Capital Expenditure for the three months ended in Sep. 2024 was ¥-137.84 Mil. Its Operating Income for the three months ended in Sep. 2024 was ¥90.24 Mil.

Hence, Zhejiang Songyuan Automotivefety Systems Co's Capex-to-Operating-Income for the three months ended in Sep. 2024 was 1.53.


Zhejiang Songyuan Automotivefety Systems Co Capex-to-Operating-Income Historical Data

The historical data trend for Zhejiang Songyuan Automotivefety Systems 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.

Zhejiang Songyuan Automotivefety Systems Co Capex-to-Operating-Income Chart

Zhejiang Songyuan Automotivefety Systems Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Income
Get a 7-Day Free Trial 0.31 0.64 1.61 2.09 1.13

Zhejiang Songyuan Automotivefety Systems Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.85 1.23 1.22 2.30 1.53

Competitive Comparison of Zhejiang Songyuan Automotivefety Systems Co's Capex-to-Operating-Income

For the Auto Parts subindustry, Zhejiang Songyuan Automotivefety Systems 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.


Zhejiang Songyuan Automotivefety Systems Co's Capex-to-Operating-Income Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Zhejiang Songyuan Automotivefety Systems Co's Capex-to-Operating-Income falls into.



Zhejiang Songyuan Automotivefety Systems Co Capex-to-Operating-Income Calculation

Zhejiang Songyuan Automotivefety Systems Co'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
=- (-291.125) / 258.048
=1.13

Zhejiang Songyuan Automotivefety Systems Co's Capex-to-Operating-Income for the quarter that ended in Sep. 2024 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-137.837) / 90.242
=1.53

* 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.


Zhejiang Songyuan Automotivefety Systems Co  (SZSE:300893) 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.


Zhejiang Songyuan Automotivefety Systems Co Capex-to-Operating-Income Related Terms

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Zhejiang Songyuan Automotivefety Systems Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1 Yunheyan Road, Moushan Town, Zhejiang Province, Yuyao, CHN, 315456
Zhejiang Songyuan Automotive Safety Systems Co Ltd is engaged in the research and development, design, production, sales and service of automotive passive safety system products and special seat safety devices such as automotive seat belt assemblies and parts. The company's products include Bilateral pre-tensioning force limiting type; Unilateral pre-tensioning force limit type; Emergency locking force limit type; Ordinary emergency lock; Simple Lock; and High profile Components.

Zhejiang Songyuan Automotivefety Systems Co Headlines

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