Net Capital Expenditures for a Firm

Description
This file summarizes the three approaches that can be used to estimate the net capital expenditures for a firm.

Approach 1: Assume Net Capital Expenditures are zero. (Cap Ex is 100% of Depreciation)

Approach 2: Assume that Capital/Expenditures/Depreciation approaches the industry average (see dataset)

Approach 3: Estimate the net capital expenditures needed based upon return on capital

Note: this model is being shared with the authorization of Professor Aswath Damodaran from NYU Stern Business School