CAPEX Follows Sales Rather Than Profitability

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Charts of the day 9feb2017 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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