Ok. I think I misunderstood earlier. So you are saying that the only reason that they are not generating net free cash flow is because they are buying fixed assets more than the cash the business is generating?
CROIC is the free cash flow generated divided by the capital invested. This will be negative if the net free cash flow is negative. And I suspect in the case of RACL the net free cash flow is negative because they are buying fixed assets of a higher amount than the cash that they are generating from their business. Please corroborate.
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