Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Hence, PEDEVCO's Capex-to-Operating-Income for the
three
months ended in Mar. 2024 was 0.09.
PEDEVCO Capex-to-Operating-Income Historical Data
The historical data trend for PEDEVCO'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 PEDEVCO's Capex-to-Operating-Income
For the Oil & Gas E&P subindustry, PEDEVCO'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.
PEDEVCO's Capex-to-Operating-Income Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, PEDEVCO's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where PEDEVCO's Capex-to-Operating-Income falls into.
PEDEVCO Capex-to-Operating-Income Calculation
PEDEVCO'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.
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.
PEDEVCO Capex-to-Operating-Income Related Terms
Thank you for viewing the detailed overview of PEDEVCO's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.
PEDEVCO Corp is an oil and gas company focused on the acquisition and development of oil and natural gas assets where the latest in modern drilling and completion techniques and technologies have yet to be applied. In particular, the company focuses on legacy proved properties where there is a long production history, well-defined geology and existing infrastructure that can be leveraged when applying modern field management technologies. The current properties of the company are located in the San Andres formation of the Permian Basin situated in West Texas and eastern New Mexico (the Permian Basin) and in the Denver-Julesberg Basin (D-J Basin) in Colorado.
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