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Zhejiang Weiming Environment Protection Co (SHSE:603568) Capex-to-Operating-Income : 1.51 (As of Dec. 2023)


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What is Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co's Capital Expenditure for the three months ended in Dec. 2023 was ¥-883.66 Mil. Its Operating Income for the three months ended in Dec. 2023 was ¥585.48 Mil.

Hence, Zhejiang Weiming Environment Protection Co's Capex-to-Operating-Income for the three months ended in Dec. 2023 was 1.51.


Zhejiang Weiming Environment Protection Co Capex-to-Operating-Income Historical Data

The historical data trend for Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co Capex-to-Operating-Income Chart

Zhejiang Weiming Environment Protection Co 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 1.01 1.21 1.22 1.18 0.87

Zhejiang Weiming Environment Protection Co 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 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 1.22 1.09 0.64 0.38 1.51

Competitive Comparison of Zhejiang Weiming Environment Protection Co's Capex-to-Operating-Income

For the Waste Management subindustry, Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co's Capex-to-Operating-Income Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Zhejiang Weiming Environment Protection Co's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Zhejiang Weiming Environment Protection Co's Capex-to-Operating-Income falls into.



Zhejiang Weiming Environment Protection Co Capex-to-Operating-Income Calculation

Zhejiang Weiming Environment Protection 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
=- (-2269.092) / 2595.026
=0.87

Zhejiang Weiming Environment Protection Co's Capex-to-Operating-Income for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Income=- Capital Expenditure / Operating Income
=- (-883.656) / 585.484
=1.51

* 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 Weiming Environment Protection Co  (SHSE:603568) 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.


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Zhejiang Weiming Environment Protection Co (SHSE:603568) Business Description

Traded in Other Exchanges
N/A
Address
525 Shifu Road, 16th Floor, Tongren Hengjiu Building, Zhejiang, Wenzhou, CHN, 325088
Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grate, boiler, and flue gas treatment system.

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