Vale (VALE) Capex-to-Operating-Income

: 0.36 (As of Dec. 2023)

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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.

Vale's Capital Expenditure for the three months ended in Dec. 2023 was $-2,118.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was $5,836.00 Mil.

Hence, Vale's Capex-to-Operating-Income for the three months ended in Dec. 2023 was 0.36.

Vale Capex-to-Operating-Income Historical Data

The historical data trend for Vale'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.

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Vale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Capex-to-Operating-Income

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0.23

0.22

0.16

0.31

0.37

Vale Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Capex-to-Operating-Income	Get a 7-Day Free Trial															0.43	0.37	0.37	0.39	0.36

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Vale'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.

Vale Capex-to-Operating-Income Distribution

For the Metals & Mining industry and Basic Materials sector, Vale's Capex-to-Operating-Income distribution charts can be found below:

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

Vale Capex-to-Operating-Income Calculation

Vale'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
	=	- (-5920)	/	15857
	=	0.37

Vale's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-2118)	/	5836
	=	0.36

Vale (NYSE:VALE) 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.

Vale Capex-to-Operating-Income Related Terms

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Vale (VALE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Vale SA (NYSE:VALE) » Definitions » Capex-to-Operating-Income

Comparable Companies

Traded in Other Exchanges

VALE:Mexico 0LBF:UK XVALO:Spain CVLC:Germany CVLC:Germany CVLB:Germany CVLB:Germany CVLC:Germany CVLB:Germany VALE3:Brazil VALE:Argentina

Address

Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, BRA, 22250-145

Website

https://www.vale.com

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in its base metals business, which is expected to become effective early in 2024, and which is likely the first step in separating base metals and iron ore.