Balance Sheet Data

Choice Hotels International, Inc. (CHH)

$113.04

+2.76 (+2.50%)

Year
A/P
2018
Actual
2019
Actual
2020
Actual
2021
Actual
2022
Actual
2023
Projected
2024
Projected
2025
Projected
2026
Projected
2027
Projected
Total Cash 26.6433.77234.78511.6041.57270.98301.97336.51374.99417.87
Total Cash (%)
Account Receivables 138.02141.57149.92153.15216.61234.63261.47291.37324.69361.82
Account Receivables (%)
Inventories 25.4127.2118.8926.1034.2138.1342.4947.3452.7658.79
Inventories (%)
Accounts Payable 73.5173.4583.3381.17118.86126.49140.95157.07175.04195.05
Accounts Payable (%)
Capital Expenditure -49.48-64.04-39.95-77.87-93.59-92.53-103.11-114.91-128.05-142.69
Capital Expenditure (%)



To support growth, companies need to keep investing in capital items – including property, plants and equipment.
To calculate this net investment,we take capital expenditure (found in the company’s statement of cash flows) and subtract non-cash depreciation (found on the income statement).
Working capital refers to the cash a company needs for day-to-day operations.
The faster a company expands, the more cash it will need.
To calculate working capital, we take current assets and subtract current liabilities.
You can find both of these on a company’s balance sheet, which is published in its quarterly and annual financial statements.