Economic Analysis and Statistics Canadian Industry Statistics Canadian Economy Goods Manufacturing
No data are available for this industry in view of Statistics Canada's provisions for the protection of business confidentiality. This section reviews private and public capital investment (capital expenditures) for Canada's Beverage and Tobacco Product Manufacturing (NAICS 312) subsector between 1994 and 2003. The data is obtained from Statistics Canada's Capital and Repair Expenditures Survey which is used to measure capital spending. Top of Page Position in NAICS Hierarchy Canada's Beverage and Tobacco Product Manufacturing (NAICS 312) subsector is comprised of the following industry groups : Beverage Manufacturing (NAICS 3121)Tobacco Manufacturing (NAICS 3122)It is part of the Manufacturing (NAICS 31-33) sector. Top of Page Definition of Capital Investment Statistics Canada surveys captures information on capital expenditures (actual spending as well as spending intentions) made by private and public organizations in Canada. In economic terms, this is equivalent to Gross Fixed Capital Formation where firms invest on an annual basis and these investments accumulate to a total asset base. This is reported by type of asset such as construction or machinery and equipment; or again (at the level of the Canadian economy) by separating total capital spending on plant and equipment from that on housing, as this last component is relatively large. Capital investment are gross expenditures on fixed assets for use in the operation of an establishment or for lease or rent to others. It includes : cost of all new buildings, engineering and machinery and equipment (which normally have a life of more than 1 year) and are charged to fixed assets accounts; modifications, additions and major renovations; capital costs such as feasibility studies and architectural, legal, installation or engineering fees; subsidies; capitalized interest charges on loans with which capital projects are financed; work done by an establishment's own labour force; and additions to work in progress. Assets acquired for lease to others are included, but assets acquired as a lessee are not. The establishment is considered to be a private institution based on ownership : specifically, if less than 50% of the voting rights are controlled by the government. Public establishments can be municipal, provincial or federal. Capital spending by government departments involving grants and/or subsidies to outside entities (i.e. municipalities, agencies, institutions or businesses) is not counted by them. Statistics Canada collects data on both capital expenditures and repairs expenditures. However, the present section focuses only on the former. Only actual expenditures are reported, i.e. forecasts of spending intentions are not included. Top of Page Accumulated Capital Investment Gross Capital Stock provides a measure of accumulated capital investment. Gross capital stock is the value of all fixed assets still in use, at the actual or estimated current purchasers’ prices for new assets of the same type, irrespective of the age of the assets. It should be mentioned that these data are not adjusted for depreciation of assets. If we first examine the accumulated capital asset base for the Beverage and Tobacco Product Manufacturing (NAICS 312) subsector, it can be seen that the accumulated capital investment grew from $0.0 in 1994 to $0.0 in 2003, or at a compound annual growth rate of 0.0%. Between 2002 and 2003, the percentage change was 0.0%. Accumulated Capital Investment* By Type of AssetBeverage and Tobacco Product Manufacturing Subsector (NAICS 312) Type of Asset Value in $ CAGR**1994-2003 % Change2002-2003 1994 2003 Machinery and Equipment0.00.00.00.0Construction0.00.00.00.0 Total0.00.00.00.0Notes:Totals may not add up perfectly due to rounding* Year-End Gross Capital Stock (not depreciated)** Compound annual growth rateSource : Statistics Canada, Capital and Repair Expenditures Survey The chart below illustrates how accumulated investment has varied from 1994 to 2003. Accumulated Capital Investment By Type of Asset 1994-2003 Beverage and Tobacco Product Manufacturing (NAICS 312) Top of Page Annual Capital Investment Growing investment is a clear herald of a heathy and growing industry, one which realizes the need to maintain and replace capital equipment and buildings. A decline would, conversely, be a harbinger of misfortune. Annual investment in the Beverage and Tobacco Product Manufacturing (NAICS 312) subsector, grew from $ 0.0 in 1994 to $ 0.0 in 2003, or at a compound annual growth rate of 0.0 %. The percentage change over 2002-2003 was 0.0 % Annual Capital Investment By Type of AssetBeverage and Tobacco Product Manufacturing Subsector (NAICS 312) Type of Asset Value in $ CAGR*1994-2003 % Change2002-2003 1994 2003 Machinery and Equipment0.00.00.00.0Construction0.00.00.00.0 Total0.00.00.00.0Notes:Totals may not add up perfectly due to rounding* Compound annual growth rateSource : Statistics Canada, Capital and Repair Expenditures Survey The chart below illustrates how much capital spending has been made on annual basis from 1994 onwards by type of asset. Annual Capital Investment By Type of Asset 1994-2003 Beverage and Tobacco Product Manufacturing (NAICS 312) Top of Page Net Investment Ratio A third way to look at capital investment is to calculate a net replacement ratio of annual investment. Annual investment perform two functions, the replacement of capital stock which has been sold or depreciated to zero and enhancement of capital stock. The ratio of annual investment to accumulated investment less the growth in capital stock gives the net investment ratio. The degree to which capital stock must be replaced will depend on how quickly technology changes, how much capital is available for investment and how competitive an industry is. In some years, annual investment may not be sufficient to off-set depreciation and the net investment ratio will be negative. The net investment ratio for materials and equipment changed from 0.0 % in 1994 to 0.0 % in 2003. Looking at building and engineering construction, the value in 1994 was 0.0 % while in 2003 it reached 0.0 %. It is likely that construction will not require replacing as quickly as capital equipment so the ratio will be lower than it is for the later in most cases. The chart below illustrates how the net investment ratio has varied from 1994 to 2003. Net Investment Ratio (%) By Type of Asset 1994-2003 Beverage and Tobacco Product Manufacturing (NAICS 312)
The data is obtained from Statistics Canada's Capital and Repair Expenditures Survey which is used to measure capital spending.
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Canada's Beverage and Tobacco Product Manufacturing (NAICS 312) subsector is comprised of the following industry groups :
It is part of the Manufacturing (NAICS 31-33) sector.
Statistics Canada surveys captures information on capital expenditures (actual spending as well as spending intentions) made by private and public organizations in Canada. In economic terms, this is equivalent to Gross Fixed Capital Formation where firms invest on an annual basis and these investments accumulate to a total asset base.
This is reported by type of asset such as construction or machinery and equipment; or again (at the level of the Canadian economy) by separating total capital spending on plant and equipment from that on housing, as this last component is relatively large.
Capital investment are gross expenditures on fixed assets for use in the operation of an establishment or for lease or rent to others. It includes :
Assets acquired for lease to others are included, but assets acquired as a lessee are not.
The establishment is considered to be a private institution based on ownership : specifically, if less than 50% of the voting rights are controlled by the government.
Public establishments can be municipal, provincial or federal. Capital spending by government departments involving grants and/or subsidies to outside entities (i.e. municipalities, agencies, institutions or businesses) is not counted by them.
Statistics Canada collects data on both capital expenditures and repairs expenditures. However, the present section focuses only on the former. Only actual expenditures are reported, i.e. forecasts of spending intentions are not included.
Gross Capital Stock provides a measure of accumulated capital investment. Gross capital stock is the value of all fixed assets still in use, at the actual or estimated current purchasers’ prices for new assets of the same type, irrespective of the age of the assets. It should be mentioned that these data are not adjusted for depreciation of assets.
If we first examine the accumulated capital asset base for the Beverage and Tobacco Product Manufacturing (NAICS 312) subsector, it can be seen that the accumulated capital investment grew from $0.0 in 1994 to $0.0 in 2003, or at a compound annual growth rate of 0.0%. Between 2002 and 2003, the percentage change was 0.0%.
The chart below illustrates how accumulated investment has varied from 1994 to 2003.
Top of Page Annual Capital Investment Growing investment is a clear herald of a heathy and growing industry, one which realizes the need to maintain and replace capital equipment and buildings. A decline would, conversely, be a harbinger of misfortune. Annual investment in the Beverage and Tobacco Product Manufacturing (NAICS 312) subsector, grew from $ 0.0 in 1994 to $ 0.0 in 2003, or at a compound annual growth rate of 0.0 %. The percentage change over 2002-2003 was 0.0 % Annual Capital Investment By Type of AssetBeverage and Tobacco Product Manufacturing Subsector (NAICS 312) Type of Asset Value in $ CAGR*1994-2003 % Change2002-2003 1994 2003 Machinery and Equipment0.00.00.00.0Construction0.00.00.00.0 Total0.00.00.00.0Notes:Totals may not add up perfectly due to rounding* Compound annual growth rateSource : Statistics Canada, Capital and Repair Expenditures Survey The chart below illustrates how much capital spending has been made on annual basis from 1994 onwards by type of asset. Annual Capital Investment By Type of Asset 1994-2003 Beverage and Tobacco Product Manufacturing (NAICS 312) Top of Page Net Investment Ratio A third way to look at capital investment is to calculate a net replacement ratio of annual investment. Annual investment perform two functions, the replacement of capital stock which has been sold or depreciated to zero and enhancement of capital stock. The ratio of annual investment to accumulated investment less the growth in capital stock gives the net investment ratio. The degree to which capital stock must be replaced will depend on how quickly technology changes, how much capital is available for investment and how competitive an industry is. In some years, annual investment may not be sufficient to off-set depreciation and the net investment ratio will be negative. The net investment ratio for materials and equipment changed from 0.0 % in 1994 to 0.0 % in 2003. Looking at building and engineering construction, the value in 1994 was 0.0 % while in 2003 it reached 0.0 %. It is likely that construction will not require replacing as quickly as capital equipment so the ratio will be lower than it is for the later in most cases. The chart below illustrates how the net investment ratio has varied from 1994 to 2003. Net Investment Ratio (%) By Type of Asset 1994-2003 Beverage and Tobacco Product Manufacturing (NAICS 312)
Growing investment is a clear herald of a heathy and growing industry, one which realizes the need to maintain and replace capital equipment and buildings. A decline would, conversely, be a harbinger of misfortune.
Annual investment in the Beverage and Tobacco Product Manufacturing (NAICS 312) subsector, grew from $ 0.0 in 1994 to $ 0.0 in 2003, or at a compound annual growth rate of 0.0 %. The percentage change over 2002-2003 was 0.0 %
The chart below illustrates how much capital spending has been made on annual basis from 1994 onwards by type of asset.
A third way to look at capital investment is to calculate a net replacement ratio of annual investment. Annual investment perform two functions, the replacement of capital stock which has been sold or depreciated to zero and enhancement of capital stock.
The ratio of annual investment to accumulated investment less the growth in capital stock gives the net investment ratio. The degree to which capital stock must be replaced will depend on how quickly technology changes, how much capital is available for investment and how competitive an industry is. In some years, annual investment may not be sufficient to off-set depreciation and the net investment ratio will be negative.
The net investment ratio for materials and equipment changed from 0.0 % in 1994 to 0.0 % in 2003. Looking at building and engineering construction, the value in 1994 was 0.0 % while in 2003 it reached 0.0 %. It is likely that construction will not require replacing as quickly as capital equipment so the ratio will be lower than it is for the later in most cases.
The chart below illustrates how the net investment ratio has varied from 1994 to 2003.