Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
3M Co's Capital Expenditure for the
three
months ended in Dec. 2023 was $-358.00 Mil. Its Operating Income for the
three
months ended in Dec. 2023 was $1,279.00 Mil.
Hence, 3M Co's Capex-to-Operating-Income for the
three
months ended in Dec. 2023 was 0.28.
3M Co Capex-to-Operating-Income Historical Data
The historical data trend for 3M 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.
Competitive Comparison of 3M Co's Capex-to-Operating-Income
For the Conglomerates subindustry, 3M 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.
3M Co's Capex-to-Operating-Income Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where 3M Co's Capex-to-Operating-Income falls into.
3M Co Capex-to-Operating-Income Calculation
3M Co's Capex-to-Operating-Income for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
3M Co (NYSE:MMM) 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.
3M Co Capex-to-Operating-Income Related Terms
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3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.
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