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CAPEX Follows Sales Rather Than Profitability

Published 02/09/2017, 03:38 AM
Updated 05/14/2017, 06:45 AM

CAPEX Follows Sales Rather Than Profitability

  • Revenue for Asian companies saw an increase until 2013
  • Profitability in terms of return on assets started to decline in 2011
  • CAPEX among Asian companies seems to follow sales rather than profitability, as CAPEX declined first when sales declined

Chart shows our bottom-up aggregate of Asian non-financial companies

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