Looking at the financials of Bega Cheese from 2016 - 2021, Bega Cheese has a high Capex of 47.8 on average, can someone justify why, and is Bega well positioned to continue spending such large amounts of Capex without burdening future financial pressure?  

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Bega Cheese Limited BGA-AU B56CQJ5 ASX Common stock Source: FactSet Fundamentals Investing Activities Capital Expenditures Capital Expenditures (Fixed Assets) Capital Expenditures (Other Assets) JUN '16 -39.7 -34.0 -5.7 JUN '17 -39.2 -26.6 -12.6 JUN '18 46.6 -27.0 -19.6 JUN '19 -62.4 -42.3 -20.1 JUN '20 -56.8 -42.8 -14.1 JUN '21 -32.2 -22.2 -10.0 Bega Cheese Limited BGA-AU B56CQJ5 ASX Common stock Source: FactSet Fundamentals Investing Activities Capital Expenditures Capital Expenditures (Fixed Assets) Capital Expenditures (Other Assets) JUN '16 -39.7 -34.0 -5.7 JUN '17 -39.2 -26.6 -12.6 JUN '18 46.6 -27.0 -19.6 JUN '19 -62.4 -42.3 -20.1 JUN '20 -56.8 -42.8 -14.1 JUN '21 -32.2 -22.2 -10.0

Answer rating: 100% (QA)

Analyzing Bega Cheeses high capital expenditures Capex averaging 478 from 2016 to 2021 and assessing whether the company is well positioned to sustain ... View the full answer