Tokaido REIT (TSE:2989) Capex-to-Operating-Income : 14.64 (As of Jul. 2023)

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What is Tokaido REIT 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.

Tokaido REIT's Capital Expenditure for the six months ended in Jul. 2023 was 円-14,153.93 Mil. Its Operating Income for the six months ended in Jul. 2023 was 円966.92 Mil.

Hence, Tokaido REIT's Capex-to-Operating-Income for the six months ended in Jul. 2023 was 14.64.

Tokaido REIT Capex-to-Operating-Income Historical Data

The historical data trend for Tokaido REIT'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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Tokaido REIT Capex-to-Operating-Income Chart

Tokaido REIT Annual Data

Trend

Jul21

Jan22

Jul23

Capex-to-Operating-Income

38.81

9.35

Tokaido REIT Semi-Annual Data
	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Capex-to-Operating-Income	Get a 7-Day Free Trial			1.17	0.03	1.31	14.64	0.18

Competitive Comparison of Tokaido REIT's Capex-to-Operating-Income

For the REIT - Diversified subindustry, Tokaido REIT'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.

Tokaido REIT's Capex-to-Operating-Income Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Tokaido REIT's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where Tokaido REIT's Capex-to-Operating-Income falls into.

Tokaido REIT Capex-to-Operating-Income Calculation

Tokaido REIT's Capex-to-Operating-Income for the fiscal year that ended in Jul. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-14986.051)	/	1602.08
	=	9.35

Tokaido REIT's Capex-to-Operating-Income for the quarter that ended in Jul. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-14153.93)	/	966.924
	=	14.64

Tokaido REIT (TSE:2989) 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.

Tokaido REIT Capex-to-Operating-Income Related Terms

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Tokaido REIT (TSE:2989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Tokaido REIT Inc (TSE:2989) » Definitions » Capex-to-Operating-Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-14-3 Nagatacho, Chiyoda-ku, Tokyo, JPN, 100-0014

Website

Tokaido REIT Inc is a real estate investment trust that focuses on the Tokaido area, mainly Shizuoka, Aichi, and Mie prefectures. Its Investment targets are divided into two types including "Industrial infrastructure assets" targeting logistics facilities and office buildings, and "Living infrastructure assets" for residential and commercial facilities.

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