What is Shoals Technologies Group 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.
Hence, Shoals Technologies Group's Capex-to-Operating-Income for the
three
months ended in Mar. 2024 was 0.21.
Shoals Technologies Group Capex-to-Operating-Income Historical Data
The historical data trend for Shoals Technologies Group'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.
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Shoals Technologies Group Capex-to-Operating-Income Chart
Competitive Comparison of Shoals Technologies Group's Capex-to-Operating-Income
For the Solar subindustry, Shoals Technologies Group'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.
Shoals Technologies Group's Capex-to-Operating-Income Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Shoals Technologies Group's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where Shoals Technologies Group's Capex-to-Operating-Income falls into.
Shoals Technologies Group Capex-to-Operating-Income Calculation
Shoals Technologies Group'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.
Shoals Technologies Group (NAS:SHLS) 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.
Shoals Technologies Group Capex-to-Operating-Income Related Terms
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Shoals Technologies Group (Shoals Technologies Group) Business Description
Shoals Technologies Group Inc is a provider of electrical balance of system or EBOS solutions for solar energy projects, primarily in the United States. EBOS encompasses components that are necessary to carry electric current produced by solar panels to an inverter. The products are sold principally to engineering, procurement and construction firms that build solar energy projects. In 2022 the company entered the electric vehicle charging market.
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