HomeDepreciation and Assets Not Yet in Service
Months of CapEx Parked Not Yet in Service = ANIS ÷ Trailing Four-Quarter CapEx × 12, Smoothed
Months of CapEx Parked Not Yet in Service = ANIS ÷ Trailing Four-Quarter CapEx × 12, Smoothed#
Expressed as months of CapEx parked in the warehouse: a flat ratio means placing in service keeps up with spending, a rising one means it is falling behind.Draft, pending review
How to read this chart
Stock over flow, read as months of CapEx parked in the warehouse, like days of inventory. The smoothed version averages this period and the last in the numerator to avoid a period-end landing on a peak or trough. Oracle went from 8.5 months in fiscal 2025 to 8.1 in fiscal 2026.
Source: FinSight compilation and estimates · Updated 2026-09-03
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