Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Capex-to-Revenue : 0.45 (As of Sep. 2023)

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What is Cia Energetica DE Minas Gerais - Cemig Capex-to-Revenue?

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue.

Cia Energetica DE Minas Gerais - Cemig's Capital Expenditure for the three months ended in Sep. 2023 was $-860.75 Mil. Its Revenue for the three months ended in Sep. 2023 was $1,908.73 Mil.

Hence, Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue for the three months ended in Sep. 2023 was 0.45.

Cia Energetica DE Minas Gerais - Cemig Capex-to-Revenue Historical Data

The historical data trend for Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue 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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Cia Energetica DE Minas Gerais - Cemig Capex-to-Revenue Chart

Cia Energetica DE Minas Gerais - Cemig Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Capex-to-Revenue

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0.04

0.01

Cia Energetica DE Minas Gerais - Cemig Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Capex-to-Revenue	Get a 7-Day Free Trial															0.25	-0.22	0.09	-0.04	0.45

Competitive Comparison of Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue

For the Utilities - Diversified subindustry, Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue, along with its competitors' market caps and Capex-to-Revenue 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.

Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue distribution charts can be found below:

* The bar in red indicates where Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue falls into.

Cia Energetica DE Minas Gerais - Cemig Capex-to-Revenue Calculation

Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue for the fiscal year that ended in Dec. 2022 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-55.668)	/	6570.138
	=	0.01

Cia Energetica DE Minas Gerais - Cemig's Capex-to-Revenue for the quarter that ended in Sep. 2023 is calculated as

Capex-to-Revenue	=	- Capital Expenditure	/	Revenue
	=	- (-860.753)	/	1908.727
	=	0.45

Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) Capex-to-Revenue Explanation

Capex-to-Revenue measures a company's investments in physical assets such as property, industrial buildings or equipment to its revenue. The ratio shows how aggressively the company reinvests its revenue back into productive assets. However, a high ratio potentially indicates that the company has invested too much in innovation and infrastructure, taking up funds that could be used to boost productivity and increase revenue. Therefore, a high Capex to Revenue Ratio could be a positive or a negative sign depending on how effectively a company converts those investments into future earnings.

Cia Energetica DE Minas Gerais - Cemig Capex-to-Revenue Related Terms

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Cia Energetica DE Minas Gerais - Cemig (Cia Energetica DE Minas Gerais - Cemig) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Cia Energetica DE Minas Gerais - Cemig (NYSE:CIG) » Definitions » Capex-to-Revenue

Comparable Companies

Traded in Other Exchanges

CIG.C:USA CIGN:Mexico XCMIG:Spain CIDS:Germany CIDA:Germany CID:Germany CIDA:Germany CID:Germany CMIG4:Brazil CMIG3:Brazil

Address

Avenida Barbacena, 1200, Belo Horizonte, MG, BRA, 30190-131

Website

https://www.cemig.com.br

Cia Energetica DE Minas Gerais - Cemig Formerly Energy Company of Minas Gerais is a Brazilian power company that generates, transmits, and distributes electricity. As one of the largest power companies in Brazil, the firm operates across most Brazilian states and Chile. The company has various subsidiaries and operates chiefly through its generation, transmission, distribution, and gas segments. The majority of the company's revenue is derived from electricity sales to consumers. The company generates power primarily through hydroelectric resources and secondarily through thermal and wind resources.