What Is Capital Expenditure (CapEx)?

Patrick Curtis

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Patrick Curtis WSO Editorial Board

Expertise:Investment Banking | Private Equity

资本支出(也称为资本支出)是公司在收购或升级物理,有形资产上花费的金额,例如:

  • Property
  • Factories
  • Equipment

The relative amount of Capital Expenditure compared to the rest of the company's expenditure will depend on its growth targets and sector; large manufacturing or infrastructure-based companies tend to have very high proportions of Capital Expenditure compared to service firms.

Capital Expenditure is shown on the Cash Flow Statement under Cash Flow From Investing. When projecting future levels of PP&E on the Balance Sheet, the formula is:

  • (Previous Value of PP&E + Capital Expenditures - Depreciation)

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Patrick Curtisis a member ofWSO Editorial Board这有助于确保在华尔街绿洲上的顶级文章中内容的准确性。万博app足彩下载他在罗斯柴尔德(Rothschild)和沃万博app网页版顿商学院(Wharton Business School)的MBA上拥有在罗斯柴尔德(Rothschild)的投资银行业务和私募股权方面的经验。他还是华尔街绿洲的创始人兼现任首席执行官,此内容最初是由成员创建的万博app足彩下载wallstreetoasis.comand has evolved with the help of our mentors.