Barnes Group Aerospace — CapEx remained flat by 0.0% to $8.20M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 120.1%, from $3.73M to $8.20M. Over 2 years (FY 2021 to FY 2023), Aerospace — CapEx shows an upward trend with a 60.7% CAGR.
Higher spending generally signals growth investment or modernization, whereas lower spending may indicate a focus on cash preservation or a mature asset cycle.
This metric measures the cash outflows used by the Aerospace segment to acquire, upgrade, or maintain physical assets su...
Aerospace manufacturers typically benchmark this against net sales to determine the capital intensity ratio relative to industry peers.
b_segment_aerospace_capital_expenditures| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $12.70M | $14.90M | $32.80M |
| YoY Change | — | +17.3% | +120.1% |