Discontinued — last reported Q4 '23
Business Segments · CapEx
Power Systems — CapEx
Cummins Power Systems — CapEx remained flat by 0.0% to $28.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 19.8%, from $24.00M to $28.75M. Over 2 years (FY 2021 to FY 2023), Power Systems — CapEx shows an upward trend with a 19.9% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2014
Last reportedQ4 2023
How to read this metric
Higher spending suggests aggressive investment in capacity expansion or modernization, while lower spending may indicate 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 within the Power Systems se...
Peer comparison
Equivalent to 'Segment Capital Expenditures' or 'Segment PP&E Additions' found in the cash flow or segment notes of peer manufacturing companies.
Metric ID:
cmi_segment_power_systems_payments_to_acquire_property_plant_and_equipmentHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $80.00M | $96.00M | $115.00M |
| YoY Change | — | +20.0% | +19.8% |
Range$80.00M – $115.00M
CAGR+19.9%
Avg YoY Growth+19.9%
Median YoY Growth+19.9%
Current Streak2+ years growth
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Frequently Asked Questions
- What is Cummins's power systems — capex?
- Cummins (CMI) reported power systems — capex of $28.75M in Q4 2023.
- How has Cummins's power systems — capex changed year-over-year?
- Cummins's power systems — capex increased by 19.8% year-over-year, from $24.00M to $28.75M.
- What is the long-term trend for Cummins's power systems — capex?
- Over 2 years (2021 to 2023), Cummins's power systems — capex has grown at a 19.9% compound annual growth rate (CAGR), from $80.00M to $115.00M.
- What does power systems — capex mean?
- The total cash spent by the Power Systems segment to purchase or upgrade physical assets like factories and machinery.