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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.
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.
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 | 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 | 4.26 | 1.15 | 0.73 | 1.54 | 2.43 |
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.
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'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.
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.
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 |
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