Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Hence, Valero Energy's Capex-to-Operating-Income for the
three
months ended in Mar. 2024 was 0.12.
Valero Energy Capex-to-Operating-Income Historical Data
The historical data trend for Valero Energy'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 Valero Energy's Capex-to-Operating-Income
For the Oil & Gas Refining & Marketing subindustry, Valero Energy'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.
Valero Energy's Capex-to-Operating-Income Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Valero Energy's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Valero Energy's Capex-to-Operating-Income falls into.
Valero Energy Capex-to-Operating-Income Calculation
Valero Energy'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.
Valero Energy (NYSE:VLO) 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.
Valero Energy Capex-to-Operating-Income Related Terms
Thank you for viewing the detailed overview of Valero Energy's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Valero Energy (Valero Energy) Business Description
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
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