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Greenland Technologies Holding Corporation  (GTEC)
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GTEC's Capital Expenditures Growth by Quarter and Year

Greenland Technologies Holding's Capital Expenditures results by quarter and year




GTEC Capital Expenditures (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 0.16 0.04 0.65
III Quarter September - 0.23 0.43 0.00
II Quarter June 0.26 0.03 0.28 0.06
I Quarter March 0.02 0.10 0.15 0.38
FY   0.28 0.52 0.90 1.09



GTEC Capital Expenditures second quarter 2023 Y/Y Growth Comment
Greenland Technologies Holding Corporation achieved in the second quarter 2023, above Company average Capital Expenditures surge of 769.22% year on year, to $ 0.26 millions.

Among companies who have reported second quarter 2023 results in the Industrial Machinery and Components industry only one Company has achieved higher year on year Capital Expenditures results in the second quarter 2023. While Greenland Technologies Holding Corporation' s Capital Expenditures doubling of 769.22% ranks overall at the positon no. 102 in the second quarter 2023.




GTEC Capital Expenditures ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 300 % -93.85 % -54.23 %
III Quarter September - -46.51 % - -
II Quarter June 769.22 % -89.29 % 366.67 % -
I Quarter March -80 % -33.33 % -60.53 % -
FY   - -42.22 % -17.43 % -23.24 %

Financial Statements
Greenland Technologies Holding's second quarter 2023 Capital Expenditures $ 0.26 millions GTEC's Income Statement
Greenland Technologies Holding's second quarter 2022 Capital Expenditures $ 0.03 millions Quarterly GTEC's Income Statement
New: More GTEC's historic Capital Expenditures Growth >>


GTEC Capital Expenditures (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -30.43 % -90.7 % -
III Quarter September - 666.67 % 53.57 % -
II Quarter June 1203.84 % -70 % 86.67 % -84.21 %
I Quarter March -87.5 % 150 % -76.92 % -73.24 %
FY (Year on Year)   - -42.22 % -17.43 % -23.24 %




Capital Expenditures second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #2
Capital Goods Sector #4
Overall #102

Capital Expenditures Y/Y Growth Statistics
High Average Low
696.16 % 92.1 % -93.49 %
(Jun 30 2023)   (Dec 31 2021)
Capital Expenditures second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #2
Capital Goods Sector #4
Overall #102
Capital Expenditures Y/Y Growth Statistics
High Average Low
696.16 % 92.1 % -93.49 %
(Jun 30 2023)   (Dec 31 2021)

Capital Expenditures by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Greenland Technologies Holding's Q/Q Capital Expenditures Growth


Capital Expenditures Q/Q Growth Statistics
High Average Low
1440.36 % 150.7 % -90.12 %
(Jun 30 2023)  


GTEC's II. Quarter Q/Q Capital Expenditures Comment
Greenland Technologies Holding Corporation achieved in the II. Quarter 2023 above company average sequential Capital Expenditures doubling of 1203.84%, to $ 0.26 millions, from $0.02 millions in the first quarter.
Greenland Technologies Holding is going from strength to strength, not only reporting higher then normal increase, but also increasing speed.

Within Industrial Machinery and Components industry Greenland Technologies Holding Corporation achieved highest sequential Capital Expenditures growth. While Greenland Technologies Holding's Capital Expenditures growth quarter on quarter, overall rank is 67.


Capital Expenditures Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #1
Capital Goods Sector #2
Overall #67
Capital Expenditures Q/Q Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry #1
Capital Goods Sector #2
Overall #67
Capital Expenditures Q/Q Growth Statistics
High Average Low
1440.36 % 150.7 % -90.12 %
(Jun 30 2023)  


GTEC's II. Quarter Q/Q Capital Expenditures Comment
Greenland Technologies Holding Corporation achieved in the II. Quarter 2023 above company average sequential Capital Expenditures doubling of 1203.84%, to $ 0.26 millions, from $0.02 millions in the first quarter.
GTEC is going from strength to strength, not only recording above regular growth, and additionally accelerating pace, Jessica  Walker, Capital Goods sector observer situated in Seattle mentioned.

Within Industrial Machinery and Components industry Greenland Technologies Holding Corporation achieved highest sequential Capital Expenditures growth. While Greenland Technologies Holding's Capital Expenditures growth quarter on quarter, overall rank is 67.


Greenland Technologies Holding's 12 Months Capital Expenditures Growth Year on Year


Capital Expenditures TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Capital Expenditures 12 Months Ending $ 0.67 $ 0.44 $ 0.53 $ 0.41 $ 0.60
Y / Y Capital Expenditures Growth (TTM) 11.02 % -47.89 % -41.29 % -72.95 % -43.68 %
Year on Year Capital Expenditures Growth Overall Ranking # 1967 # 1264 # 1888 # 2526 # 1820
Seqeuential Capital Expenditures Change (TTM) 51.72 % -16.05 % 29.45 % -32.67 % -28.78 %
Seq. Capital Expenditures Growth (TTM) Overall Ranking # 1804 # 1342 # 2150 # 2671 # 2981




Cumulative Capital Expenditures growth Comment
With 11.02% annual Capital Expenditures growth, Greenland Technologies Holding Corporation would report a record annual Capital Expenditures increase if the fiscal year would end on Jun 30 2023.

In the Capital Goods sector 146 other companies have achieved higher trailing twelve month Capital Expenditures growth. While Capital Expenditures growth total ranking has deteriorated compare to previous quarter from 1264 to 1967.

Capital Expenditures TTM Q/Q Growth Statistics
High Average Low
11.02 %
-28.95 %
-72.95 %
 

Capital Expenditures TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 50
Capital Goods Sector # 147
Overall # 1967

Capital Expenditures TTM Y/Y Growth Statistics
High Average Low
11.02 %
-28.95 %
-72.95 %
 


Capital Expenditures TTM Q/Q Growth Company Ranking
Within: No.
Industry # 50
Sector # 140
S&P 500 # 1804
Cumulative Capital Expenditures growth Comment
With 11.02% annual Capital Expenditures growth, Greenland Technologies Holding Corporation would report a record annual Capital Expenditures increase if the fiscal year would end on Jun 30 2023.

In the Capital Goods sector 146 other companies have achieved higher trailing twelve month Capital Expenditures growth. While Capital Expenditures growth total ranking has deteriorated compare to previous quarter from 1264 to 1967.

Capital Expenditures TTM Q/Q Growth Statistics
High Average Low
11.02 %
-28.95 %
-72.95 %
 


Capital Expenditures TTM Y/Y Growth Company Ranking
Within: No.
Industrial Machinery and Components Industry # 50
Capital Goods Sector # 147
Overall # 1967

Capital Expenditures TTM Y/Y Growth Statistics
High Average Low
11.02 %
-28.95 %
-72.95 %
 


Capital Expenditures TTM Q/Q Growth Company Ranking
Within: No.
Industry # 50
Sector # 140
S&P 500 # 1804




Other Capital Expenditures Growth
Industrial Machinery and Components Industry Capital Expenditures Growth Trends and Statistics
Capital Goods Sector Capital Expenditures Growth Statistics
Capital Expenditures Growth Trends for overall market
GTEC's Capital Expenditures Growth Ratio versus Industrial Machinery and Components Industry, Capital Goods Sector and total Market
Highest Ranking Capital Expenditures Growth
Lowest Ranking Capital Expenditures Growth
Capital Expenditures Growth for GTEC's Competitors
Capital Expenditures Growth for Greenland Technologies Holding's Suppliers
Capital Expenditures Growth for GTEC's Customers

You may also want to know
GTEC's Annual Growth Rates GTEC's Profitability Ratios GTEC's Asset Turnover Ratio GTEC's Dividend Growth
GTEC's Roe GTEC's Valuation Ratios GTEC's Financial Strength Ratios GTEC's Dividend Payout Ratio
GTEC's Roa GTEC's Inventory Turnover Ratio GTEC's Growth Rates GTEC's Dividend Comparisons



Companies with similar Capital Expenditures increase for the quarter ending Jun 30 2023 within Capital Goods SectorY/Y Change %Capital Expenditures for the quarter ending Jun 30 2023
Quanta Services Inc 818.14%$ 818.136 millions
Marine Products Corporation806.88%$ 806.879 millions
Greenland Technologies Holding Corporation696.16%$ 696.162 millions
Fluence Energy Inc 475.07%$ 475.071 millions
Cbak Energy Technology Inc 440.64%$ 440.635 millions
Archer Aviation Inc 440.00%$ 440.000 millions
Graham Corporation427.82%$ 427.817 millions




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