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Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.
Rocket's Capital Expenditure for the three months ended in Dec. 2023 was $5.71 Mil. Its Cash Flow from Operations for the three months ended in Dec. 2023 was $1,393.89 Mil.
Hence, Rocket's Capex-to-Operating-Cash-Flow for the three months ended in Dec. 2023 was -0.00.
The historical data trend for Rocket's Capex-to-Operating-Cash-Flow 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.
Rocket Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Capex-to-Operating-Cash-Flow | Get a 7-Day Free Trial | - | - | 0.04 | 0.01 | 1.46 |
Rocket Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Capex-to-Operating-Cash-Flow | Get a 7-Day Free Trial | - | - | - | 0.39 | - |
For the Mortgage Finance subindustry, Rocket's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.
For the Banks industry and Financial Services sector, Rocket's Capex-to-Operating-Cash-Flow distribution charts can be found below:
* The bar in red indicates where Rocket's Capex-to-Operating-Cash-Flow falls into.
Rocket's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2023 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (-161.554) | / | 110.329 | |
= | 1.46 |
Rocket's Capex-to-Operating-Cash-Flow for the quarter that ended in Dec. 2023 is calculated as
Capex-to-Operating-Cash-Flow | = | - Capital Expenditure | / | Cash Flow from Operations |
= | - (5.711) | / | 1393.888 | |
= | -0.00 |
* 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.
Rocket (NYSE:RKT) Capex-to-Operating-Cash-Flow Explanation
Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.
Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.
Thank you for viewing the detailed overview of Rocket's Capex-to-Operating-Cash-Flow provided by GuruFocus.com. Please click on the following links to see related term pages.
Varun Krishna | officer: Chief Executive Officer | 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Jonathan D Mariner | director | 2200 WEST DON TYSON PARKWAY, SPRINGDALE AR 72762 |
William C. Emerson | director | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Matthew Rizik | director | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Jay Farner | director, officer: Chief Executive Officer | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Tina V. John | officer: General Counsel & Secretary | C/O ROCKET COMPANIES, INC., 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Daniel B Gilbert | director, 10 percent owner | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Rock Holdings Inc. | director, 10 percent owner | 1090 WOODWARD AVENUE, DETROIT MI 48226 |
Jennifer L. Gilbert | director | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Nancy Tellem | director | 1016 LAKE PARK DRIVE, BIRMINGHAM MI 48009 |
Suzanne F. Shank | director | C/O PENSARE SPONSOR GROUP, LLC, 1720 PEACHTREE STREET, SUITE 629, ATLANTA GA 30309 |
Julie Booth | officer: Chief Fin. Officer & Treasurer | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Angelo Vitale | officer: General Counsel and Secretary | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Walters Robert D. Jr. | officer: President & Chief Oper Officer | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
Brian Nicholas Brown | officer: Chief Accounting Officer | 1050 WOODWARD AVENUE, DETROIT MI 48226 |
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