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Frequency Electronics (Frequency Electronics) Gross Property, Plant and Equipment : $12.56 Mil (As of Jan. 2024)


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What is Frequency Electronics Gross Property, Plant and Equipment?

Frequency Electronics's quarterly gross PPE declined from Jul. 2023 ($13.84 Mil) to Oct. 2023 ($13.13 Mil) and declined from Oct. 2023 ($13.13 Mil) to Jan. 2024 ($12.56 Mil).

Frequency Electronics's annual gross PPE stayed the same from Apr. 2021 ($71.63 Mil) to Apr. 2022 ($71.33 Mil) but then declined from Apr. 2022 ($71.33 Mil) to Apr. 2023 ($70.77 Mil).


Frequency Electronics Gross Property, Plant and Equipment Historical Data

The historical data trend for Frequency Electronics'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.

* Premium members only.

Frequency Electronics Gross Property, Plant and Equipment Chart

Frequency Electronics Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 59.85 71.47 71.63 71.33 70.77

Frequency Electronics Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.48 70.77 13.84 13.13 12.56

Frequency Electronics Gross Property, Plant and Equipment Calculation

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:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

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.


Frequency Electronics  (NAS:FEIM) 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.


Frequency Electronics Gross Property, Plant and Equipment Related Terms

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Frequency Electronics (Frequency Electronics) Business Description

Industry
Traded in Other Exchanges
Address
55 Charles Lindbergh Boulevard, Mitchel Field, NY, USA, 11553
Frequency Electronics Inc is engaged in the design, development, and manufacture of high-precision timing, and frequency control products for space, air, sea, and terrestrial applications. The company has FEI-NY and FEI-Zyfer reportable segments. It derives the majority of its revenues from the FEI-NY segment. FEI-NY segment operations consist principally of precision time and frequency control products used in three principal markets namely communication satellites (both commercial and U.S. Government-funded); terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military.
Executives
Russell M Sarachek director 4718 FOXHALL CRESCENTS NW, WASHINGTON DC 20007
Edenbrook Long Only Value Fund, Lp director, 10 percent owner EDENBROOK CAPITAL, LLC, 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Steven E Strang officer: President, FEI-Zyfer, Inc. C/O FREQUENCY ELECTRONICS, INC., 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Thomas Mcclelland officer: Vice President, Comml Products C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Stanton D Sloane director COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747
John Patrick Caulfield officer: VP of Manufacturing C/O FREQUENCY ELECTRONICS, 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11533
Edenbrook Capital, Llc director, 10 percent owner 116 RADIO CIRCLE, SUITE 202, MT. KISCO NY 10549
Martin B Bloch director, officer: President FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Robert Schwartz director 11552 PROSPEROUS DRIVE, ODESSA FL 33556
Jonathan Brolin director, 10 percent owner 2 DEPOT PLAZA, 4TH FLOOR, BEDFORD HILLS NY 10507
Privet Fund Lp 10 percent owner, other: See Explanation of Responses 3280 PEACHTREE ROAD NE, SUITE 2670, Atlanta GA 30305
Oleandro Mancini officer: Vice President, Bus. Develop C/O FREQUENCY ELECTRONICS INC, 55 CHARLES LINDBERGH BLVD, MITCHEL FIELD NY 11553
Lance W Lord director 1110 TRUMPETERS COURT, MONUMENT CO 80132
Steven Lawrence Bernstein officer: Chief Financial Officer C/O FREQUENCY ELECTRONICS INC., 55 CHARLES LINDBERGH BLVD., MITCHEL FIELD NY 11553
Ryan Levenson 10 percent owner, other: See Explanation of Responses 2396 DELLWOOD DRIVE, ATLANTA GA 30305

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