Could some one pls explain how to calculate Capex. Also why is it different from the number provided in management commentary and number given in cash flow
Thanks
Hi,
the general formula is as following:
Capex= PPE EoP - PPE BoP + Depreciation
One explanation might be that Capex in the management explanations might also include investments in intangibles. But without knowing the details of the company it will be hard to judge. Regards, Oscar