Growth & Momentum
CapEx Growth YoY
Shows how much investment in long-lived productive assets rises or falls against the same period one year earlier. To interpret it correctly, the base must be comparable and positive, because acquisitions, FX, inflation, accounting changes or near-zero amounts
CapEx Growth YoY
growthCapitalExpenditure · Growth & Momentum
- Definition
- Shows how much investment in long-lived productive assets rises or falls against the same period one year earlier. To interpret it correctly, the base must be comparable and positive, because acquisitions, FX, inflation, accounting changes or near-zero amounts can exaggerate the signal.
- Uses
- Useful for detecting acceleration, deterioration and persistence. It works best in businesses with recurring or secular demand; it is weaker in cyclicals, commodities, banks, insurers and turnarounds. Cross-check with margins, ROIC, FCF per share, debt and dilution.
