Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
For the
six
months ended in Dec. 2022, Ghana Oil CospentGHS272 Mil on purchasing property, plant, equipment.
It gainedGHS0 Mil from selling property, plant, and equipment.
It spentGHS0 Mil on purchasing business.
It gainedGHS0 Mil from selling business.
It spentGHS0 Mil on purchasing investments.
It gainedGHS0 Mil from selling investments.
It paidGHS1Mil for net Intangibles purchase and sale.
And it paidGHS36 Mil for other investing activities.
In all, Ghana Oil CospentGHS309 Mil on investment activities in financial market and operating subsidiaries for the
six
months ended in Dec. 2022.
Ghana Oil Co Cash Flow from Investing Historical Data
The historical data trend for Ghana Oil Co's Cash Flow from Investing 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.
Cash Flow from Investing covers the cash a company gains or spends from investment activities in financial market and operating subsidiaries. It also includes the cash the company used for property, plant and equipment (PPE).
If a company spends cash on property, plant and equipment (PPE), this will reduce their cash position. This is called Capital Expenditures (CPEX).
Likewise, if a company buys another company for cash, this will reduce their cash position.
Ghana Oil Co's Cash Flow from Investing for the fiscal year that ended in Dec. 2022 is calculated as:
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2022 was GHS-309 Mil.
* 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.
Ghana Oil Co (XGHA:GOIL) Cash Flow from Investing Explanation
Ghana Oil Co's purchase of property, plant, equipment for the
six
months ended in Dec. 2022 was GHS-272 Mil. It means Ghana Oil Co spent GHS272 Mil on purchasing property, plant, equipment.
In the capital spending for property, plant and equipment (PPE), some part of spending may be from the expansion of business. The business needs more property, plant and equipment (PPE) as it grows. Another part may be from replacement of the property, plant and equipment (PPE) of existing business. For some companies, the cash spent on replacing of the property, plant and equipment (PPE) of the existing business will be close to the depreciation of property, plant and equipment (PPE) reported in the income statement.
In Warren Buffett's definition of Owner's Earnings, he deducts the estimate of the cost of replacing the property, plant and equipment (PPE) of the existing business from cash flow from operations. The cash spent on the new property, plant, and equipment is not deducted. The reason is because these are not costs of the existing business. In his 1986 letter to shareholders, Warren Buffett wrote this about owner earnings:
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume....Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
Ghana Oil Co's sale of property, plant, equipment for the
six
months ended in Dec. 2022 was GHS0 Mil. It means Ghana Oil Co gained GHS0 Mil from selling property, plant, and equipment.
3.Purchase Of Business:
Purchase of business indicates the amount used to purchase business.
Ghana Oil Co's purchase of business for the
six
months ended in Dec. 2022 was GHS0 Mil. It means Ghana Oil Co spent GHS0 Mil on purchasing business.
4. Sale Of Business:
Sale of business indicates the amount gained from selling business.
Ghana Oil Co's sale of business for the
six
months ended in Dec. 2022 was GHS0 Mil. It means Ghana Oil Co gained GHS0 Mil from selling business.
5. Purchase Of Investment:
Purchase of Investments represents cash outflow on the purchase of investments in securities.
Ghana Oil Co's purchase of investment for the
six
months ended in Dec. 2022 was GHS0 Mil. It means Ghana Oil Co spent {stock_data.stock.currency_symbol}}0 Mil on purchasing investments.
6. Sale Of Investment:
Sale of Investments represents cash inflow on the sale of investments in securities.
Ghana Oil Co's sale of investment for the
six
months ended in Dec. 2022 was GHS0 Mil. It means Ghana Oil Co gained GHS0 Mil from selling investments.
7. Net Intangibles Purchase And Sale:
Net Intangibles purchase and sale means the net cash inflow received by a company that comes from the purchase and sale of intangibles. It equals the cash received from sale of intangibles minus the cash spent on purchasing intangibles.
Ghana Oil Co's net Intangibles purchase and sale for the
six
months ended in Dec. 2022 was GHS-1 Mil.
It means Ghana Oil Co paid GHS1 Mil for net Intangibles purchase and sale.
8. Cash From Discontinued Investing Activities:
Cash from discontinued investing activities means the cash received by a company that comes from the discontinued investing activities.
Ghana Oil Co's cash from discontinued investing activities for the
six
months ended in Dec. 2022 was 0 Mil.
It means Ghana Oil Co paid GHS0 Mil for discontinued investing activities.
9. Cash From Other Investing Activities:
Cash from other investing activities means the cash received by a company that comes from other investing activities.
Ghana Oil Co's cash from other investing activities for the
six
months ended in Dec. 2022 was GHS-36 Mil.
It means Ghana Oil Co paid GHS36 Mil for other investing activities.
Ghana Oil Co Cash Flow from Investing Related Terms
Thank you for viewing the detailed overview of Ghana Oil Co's Cash Flow from Investing provided by GuruFocus.com. Please click on the following links to see related term pages.
Ghana Oil Co Ltd (GOIL) is engaged in the marketing and distribution of petroleum products. Its objective is to market petroleum products and related products particularly fuels, liquefied petroleum gas (LPG), lubricants, bitumen, and specialty products in Ghana. The company is engaged in the business of marketing quality petroleum and other energy products and services in all its branches in a healthy, safe, environmentally friendly and socially responsible manner.
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