VNET Group (VNET Group) Capex-to-Revenue : 0.51 (As of Sep. 2023)

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What is VNET Group Capex-to-Revenue?

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

VNET Group's Capital Expenditure for the three months ended in Sep. 2023 was $-132.19 Mil. Its Revenue for the three months ended in Sep. 2023 was $258.56 Mil.

Hence, VNET Group's Capex-to-Revenue for the three months ended in Sep. 2023 was 0.51.

VNET Group Capex-to-Revenue Historical Data

The historical data trend for VNET Group's Capex-to-Revenue 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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VNET Group Capex-to-Revenue Chart

VNET Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Capex-to-Revenue

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0.13

0.34

0.52

0.46

0.44

VNET Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Capex-to-Revenue	Get a 7-Day Free Trial															0.32	0.51	0.34	0.22	0.51

Competitive Comparison of VNET Group's Capex-to-Revenue

For the Information Technology Services subindustry, VNET Group's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue 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.

VNET Group's Capex-to-Revenue Distribution in the Software Industry

For the Software industry and Technology sector, VNET Group's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where VNET Group's Capex-to-Revenue falls into.

VNET Group Capex-to-Revenue Calculation

VNET Group's Capex-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-444.742)	/	1013.416
	=	0.44

VNET Group's Capex-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-132.185)	/	258.557
	=	0.51

VNET Group (NAS:VNET) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.

VNET Group Capex-to-Revenue Related Terms

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VNET Group (VNET Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Capex-to-Revenue

Comparable Companies

Traded in Other Exchanges

217A:Germany

Address

No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016

Website

https://www.vnet.com

VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At end-September 2023 it had 84,608 self-built cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also operated partnered data centers with around 4,314 cabinets and had 476 MW of wholesale capacity contracted or under a memorandum of understanding.