HI-Green Carbon (NSE:HIGREEN) Capex-to-Operating-Income : 0.38 (As of Mar. 2023)

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What is HI-Green Carbon 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.

HI-Green Carbon's Capital Expenditure for the six months ended in Mar. 2023 was ₹-63.01 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹168.15 Mil.

Hence, HI-Green Carbon's Capex-to-Operating-Income for the six months ended in Mar. 2023 was 0.38.

HI-Green Carbon Capex-to-Operating-Income Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Capex-to-Operating-Income Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Capex-to-Operating-Income

2.27

0.63

0.38

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Capex-to-Operating-Income	2.27	0.63	0.38

Competitive Comparison of HI-Green Carbon's Capex-to-Operating-Income

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's Capex-to-Operating-Income Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HI-Green Carbon's Capex-to-Operating-Income distribution charts can be found below:

* The bar in red indicates where HI-Green Carbon's Capex-to-Operating-Income falls into.

HI-Green Carbon Capex-to-Operating-Income Calculation

HI-Green Carbon's Capex-to-Operating-Income for the fiscal year that ended in Mar. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-63.014)	/	168.154
	=	0.37

HI-Green Carbon's Capex-to-Operating-Income for the quarter that ended in Mar. 2023 is calculated as

Capex-to-Operating-Income	=	- Capital Expenditure	/	Operating Income
	=	- (-63.014)	/	168.154
	=	0.37

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon Capex-to-Operating-Income Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Capex-to-Operating-Income

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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