Capex-to-Operating-Income measures a company's investments in physical assets such as property, industrial buildings or equipment to its operating income.
Hence, CMS Energy's Capex-to-Operating-Income for the
three
months ended in Mar. 2024 was 1.33.
CMS Energy Capex-to-Operating-Income Historical Data
The historical data trend for CMS Energy'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 CMS Energy's Capex-to-Operating-Income
For the Utilities - Regulated Electric subindustry, CMS Energy'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.
CMS Energy's Capex-to-Operating-Income Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, CMS Energy's Capex-to-Operating-Income distribution charts can be found below:
* The bar in red indicates where CMS Energy's Capex-to-Operating-Income falls into.
CMS Energy Capex-to-Operating-Income Calculation
CMS Energy'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.
CMS Energy (NYSE:CMS) 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.
CMS Energy Capex-to-Operating-Income Related Terms
Thank you for viewing the detailed overview of CMS Energy's Capex-to-Operating-Income provided by GuruFocus.com. Please click on the following links to see related term pages.
CMS Energy is an energy holding company with three principal businesses. Its regulated utility, Consumers Energy, provides regulated natural gas service to 1.8 million customers and electric service to 1.9 million customers in Michigan. CMS Enterprises is engaged in wholesale power generation, including contracted renewable energy. CMS sold EnerBank in October 2021.
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