Discontinued — last reported Q4 '23
Business Segments · CapEx
Engine — CapEx
Cummins Engine — CapEx remained flat by 0.0% to $134.50M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 46.2%, from $92.00M to $134.50M. Over 2 years (FY 2021 to FY 2023), Engine — CapEx shows an upward trend with a 25.6% CAGR.
Analysis
StatementSegment
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ4 2023
How to read this metric
Higher spending indicates investment in growth, modernization, or capacity expansion, whereas lower spending may signal a focus on cash preservation or a mature asset base.
Detailed definition
The cash outflows dedicated to the purchase, construction, or improvement of tangible long-term assets such as machinery...
Peer comparison
Standardized as 'Capital Expenditures' (CapEx) across all manufacturing and industrial sectors.
Metric ID:
cmi_segment_engine_payments_to_acquire_property_plant_and_equipmentHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $341.00M | $368.00M | $538.00M |
| YoY Change | — | +7.9% | +46.2% |
Range$341.00M – $538.00M
CAGR+25.6%
Avg YoY Growth+27.1%
Median YoY Growth+27.1%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Cummins's engine — capex?
- Cummins (CMI) reported engine — capex of $134.50M in Q4 2023.
- How has Cummins's engine — capex changed year-over-year?
- Cummins's engine — capex increased by 46.2% year-over-year, from $92.00M to $134.50M.
- What is the long-term trend for Cummins's engine — capex?
- Over 2 years (2021 to 2023), Cummins's engine — capex has grown at a 25.6% compound annual growth rate (CAGR), from $341.00M to $538.00M.
- What does engine — capex mean?
- The total cash spent during the period on physical assets like factories, machinery, and equipment.