Discontinued — last reported Q4 '23
Business Segments · CapEx
Components — CapEx
Cummins Components — CapEx remained flat by 0.0% to $93.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 41.3%, from $66.00M to $93.25M. Over 2 years (FY 2021 to FY 2023), Components — CapEx shows an upward trend with a 42.4% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2023
How to read this metric
Higher spending indicates investment in growth or capacity expansion, while lower spending may signal a focus on cash preservation or a mature asset base.
Detailed definition
This metric measures the cash outflows dedicated to capital expenditures for tangible assets such as machinery, faciliti...
Peer comparison
Standardized as 'Capital Expenditures' or 'Additions to Property, Plant, and Equipment' across all capital-intensive industrial sectors.
Metric ID:
cmi_segment_components_payments_to_acquire_property_plant_and_equipmentHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $184.00M | $264.00M | $373.00M |
| YoY Change | — | +43.5% | +41.3% |
Range$184.00M – $373.00M
CAGR+42.4%
Avg YoY Growth+42.4%
Median YoY Growth+42.4%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Cummins's components — capex?
- Cummins (CMI) reported components — capex of $93.25M in Q4 2023.
- How has Cummins's components — capex changed year-over-year?
- Cummins's components — capex increased by 41.3% year-over-year, from $66.00M to $93.25M.
- What is the long-term trend for Cummins's components — capex?
- Over 2 years (2021 to 2023), Cummins's components — capex has grown at a 42.4% compound annual growth rate (CAGR), from $184.00M to $373.00M.
- What does components — capex mean?
- The cash spent during a period to purchase or upgrade physical assets like factories and equipment.