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China Automotive Systems's quarterly gross PPE increased from Jun. 2023 ($313.2 Mil) to Sep. 2023 ($319.5 Mil) and increased from Sep. 2023 ($319.5 Mil) to Dec. 2023 ($338.0 Mil).
China Automotive Systems's annual gross PPE stayed the same from Dec. 2021 ($344.6 Mil) to Dec. 2022 ($331.8 Mil) but then increased from Dec. 2022 ($331.8 Mil) to Dec. 2023 ($338.0 Mil).
The historical data trend for China Automotive Systems's Gross Property, Plant and Equipment can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
China Automotive Systems Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 304.30 | 333.83 | 344.62 | 331.79 | 337.95 |
China Automotive Systems Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 331.79 | 328.67 | 313.21 | 319.50 | 337.95 |
Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.
Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.
Some of the most common parts of property, plant, and equipment are:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.
The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.
For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.
All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.
The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.
China Automotive Systems (NAS:CAAS) Gross Property, Plant and Equipment Explanation
A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.
Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.
Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.
Thank you for viewing the detailed overview of China Automotive Systems's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Jie Li | officer: Chief Financial Officer | HENGLONG BLDG., # 1 GUANSHAN 1ST ROAD, EAST LAKE HI-TECH ZONE, WUHAN F4 430073 |
Tong Kooi Teo | director | 08-05 GOODWOOD RESIDENCE, 261 BUKIT TIMAH ROAD, SINGAPORE U0 259703 |
Stanley Morgan | other: See Remarks Below | 1585 BROADWAY, NEW YORK NY 10036 |
Wong Arthur Lap Tat | director | C/O 27 UNION SQUARE WEST, SUITE 502, NEW YORK NY 10003 |
Wu Qizhou | director, officer: COO | |
Tse Yiu Wong | director | 4TH FL BLDG E NO 501, JEN GANG RD, SHANGHAI CHINA F4 9999999 |
Shengbin Yu | officer: Senior Vice President | HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073 |
Liping Xie | other: Wife of Chairman | |
Haimian Cai | director | 3170 OTTER CREEK COURT, ANN ARBOR MI 48105 |
Hanlin Chen | director, 10 percent owner, officer: President and CEO | |
Shaobo Wang | officer: Senior Vice President | HENGLONG BUILDING #1 GUANSHAN FIRST RD, EAST LAKE HI-TECH ZONE, WUHAN, HUBEI PROVINCE F4 430073 |
Yijun Xia | officer: Vice President | NO. 1 HENGLONG ROAD, YUQIAO DEV. ZONE, SHASHI DISTRICT, JINGZHOU CITY, HUBEI PROVINCE F4 434000 |
Guangxun Xu | director | 17 WINDERMERE AVENUE, FINCHLEY, LONDON X0 N3 3QX |
Robert Tung | director | 1733 LEHAVRE DR, POTOMAC MD 20854 |
Daming Hu | officer: Chief Accountant |
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