GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McGrath RentCorp (NAS:MGRC) » Definitions » Capex-to-Operating-Income

McGrath RentCorp (McGrath RentCorp) Capex-to-Operating-Income : 2.43 (As of Mar. 2024)


View and export this data going back to 1984. Start your Free Trial

What is McGrath RentCorp 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.

McGrath RentCorp's Capital Expenditure for the three months ended in Mar. 2024 was $-103.92 Mil. Its Operating Income for the three months ended in Mar. 2024 was $42.73 Mil.

Hence, McGrath RentCorp's Capex-to-Operating-Income for the three months ended in Mar. 2024 was 2.43.


McGrath RentCorp Capex-to-Operating-Income Historical Data

The historical data trend for McGrath RentCorp'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.

McGrath RentCorp Capex-to-Operating-Income Chart

McGrath RentCorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Capex-to-Operating-Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 0.71 0.94 1.39 1.44

McGrath RentCorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 4.26 1.15 0.73 1.54 2.43

Competitive Comparison of McGrath RentCorp's Capex-to-Operating-Income

For the Rental & Leasing Services subindustry, McGrath RentCorp'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.


McGrath RentCorp's Capex-to-Operating-Income Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, McGrath RentCorp's Capex-to-Operating-Income distribution charts can be found below:

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



McGrath RentCorp Capex-to-Operating-Income Calculation

McGrath RentCorp'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
=- (-273.668) / 189.712
=1.44

McGrath RentCorp's Capex-to-Operating-Income for the quarter that ended in Mar. 2024 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-103.918) / 42.731
=2.43

* 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.


McGrath RentCorp  (NAS:MGRC) 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.


McGrath RentCorp Capex-to-Operating-Income Related Terms

Thank you for viewing the detailed overview of McGrath RentCorp's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.


McGrath RentCorp (McGrath RentCorp) Business Description

Traded in Other Exchanges
Address
5700 Las Positas Road, Livermore, CA, USA, 94551-7800
McGrath RentCorp is a rental company. It is comprised of four reportable business segments: Modular building and portable storage segment (Mobile Modular), Electronic test equipment segment (TRS-RenTelco), Containment solutions for the storage of hazardous and non-hazardous liquids and solids segment (Adler Tanks) and Classroom manufacturing division selling modular classrooms in California (Enviroplex). The company generates its revenues majorily from the rental of its equipment on operating leases with sales of equipment occurring in the normal course of business.
Executives
Trease Kristina Van officer: VP & Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
David M Whitney officer: VP, Controller, PAO 5700 LOS POSITAS ROAD, LIVERMORE CA 94551
Elizabeth A Fetter director 1400 MARINA WAY SOUTH, RICHMOND CA 94804
Philip B Hawkins officer: VP & Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Tara Wescott officer: Vice President Human Resources C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John Lieffrig officer: VP & Division Manager C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
John P Skenesky officer: VP and Division Manager 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Gilda Malek officer: VP, Legal General Counsel C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Dennis P Stradford director
Kimberly Ann Box director 7157 TREELINE CT., GRANITE BAY CA 95746
Nicolas C Anderson director 3100 ZINFANDEL DRIVE, STE. 450, RANCHO CORDOVA CA 95670
Stuart Templeton Porter officer: VP & Division Manager C/O MCGRATH RENTCORP, 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Kay Dashner officer: Senior Human Resources Advisor 5700 LAS POSITAS ROAD, LIVERMORE CA 94551
Morris Richard Smith director 1225 17TH STREET, SUITE 1300, DENVER CO 80202
Smita Conjeevaram director 70 HERETOLD ROAD, BRONXVILLE NY 17708

McGrath RentCorp (McGrath RentCorp) Headlines

From GuruFocus

McGrath Announces Nicolas Anderson Elected to Board

By Business Wire Business Wire 10-28-2022

Why McGrath RentCorp's Stock Skyrocketed 12% in a Quarter

By GuruFocus Research 10-27-2023

McGrath Acquires Colorado-Based Container Rental Company

By Business Wire Business Wire 03-02-2023

McGrath Declares Quarterly Dividend

By Business Wire Business Wire 12-08-2022

McGrath Sets First Quarter 2023 Financial Results Date and Time

By Business Wire Business Wire 03-31-2023

McGrath Declares Quarterly Dividend

By Business Wire Business Wire 06-07-2023