Average PPE-Sales:

The Average PPE-Sales is calculated by adding propertyPlantEquipmentNet and revenue in last 7 annual statements of company and then:

Average PPE-Sales = Sum propertyPlantEquipmentNet / Sum Revenue



Growth Capex:

The Growth Capex is calculated by using the following formula:


Growth Capex = Average PPE-Sales * (Revenue - Revenue Last Quarter) * -1

if Revenue - Revenue Last Quarter < 0: Growth Capex = 0


Maintenance Capex:

The Maintenance Capex is calculated by using the following formula:


if Revenue < Revenue Last Quarter: Maintenance Capex = Capital Expenditure

if Growth Capex <= Capital Expenditure: Maintenance Capex = 0

if Capital Expenditure <= Growth Capex: Maintenance Capex = Capital Expenditure - Growth Capex


Owner's Earnings:

The Owner's Earnings are calculated by using the following formula:


Owner's Earnings = Operating Cash Flow + Maintenance Capex


Owner's Earnings Per Share:

The Owner's Earnings Per Share are calculated by using the following formula:


Owner's Earnings Per Share = Owner's Earnings / weightedAverageShsOutDil