Discontinued — last reported Q4 '23
Total — CapEx
Cummins Total — CapEx remained flat by 0.0% to $303.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 32.4%, from $229.00M to $303.25M. Over 2 years (FY 2021 to FY 2023), Total — CapEx shows an upward trend with a 28.6% CAGR.
Analysis
How to read this metric
An increase suggests aggressive investment in capacity expansion or modernization, while a decrease may indicate a focus on cash preservation or a reduction in capital expenditure requirements.
Detailed definition
This metric represents the total cash outflows used by the business segment to acquire or upgrade physical assets such a...
Peer comparison
Peers in the heavy-duty engine and industrial machinery sector typically report this as Capital Expenditures (CapEx), with levels varying based on the stage of the product cycle and manufacturing footprint strategy.
cmi_segment_total_payments_to_acquire_property_plant_and_equipmentHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $734.00M | $916.00M | $1.21B |
| YoY Change | — | +24.8% | +32.4% |
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Frequently Asked Questions
- What is Cummins's total — capex?
- Cummins (CMI) reported total — capex of $303.25M in Q4 2023.
- How has Cummins's total — capex changed year-over-year?
- Cummins's total — capex increased by 32.4% year-over-year, from $229.00M to $303.25M.
- What is the long-term trend for Cummins's total — capex?
- Over 2 years (2021 to 2023), Cummins's total — capex has grown at a 28.6% compound annual growth rate (CAGR), from $734.00M to $1.21B.
- What does total — capex mean?
- The total cash spent by the business segment on purchasing or improving long-term physical assets like factories and machinery.