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Korn Ferry's quarterly gross PPE declined from Jul. 2023 ($299 Mil) to Oct. 2023 ($288 Mil) but then increased from Oct. 2023 ($288 Mil) to Jan. 2024 ($331 Mil).
Korn Ferry's annual gross PPE increased from Apr. 2021 ($601 Mil) to Apr. 2022 ($626 Mil) and increased from Apr. 2022 ($626 Mil) to Apr. 2023 ($642 Mil).
The historical data trend for Korn Ferry'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.
Korn Ferry Annual Data | |||||||||||||||||||||
Trend | Apr14 | Apr15 | Apr16 | Apr17 | Apr18 | Apr19 | Apr20 | Apr21 | Apr22 | Apr23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 348.60 | 588.06 | 601.20 | 626.31 | 641.56 |
Korn Ferry 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 | 295.76 | 641.56 | 298.92 | 288.44 | 331.04 |
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.
Korn Ferry (NYSE:KFY) 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 Korn Ferry's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew J Espe | director | |
Jeanne Macdonald | officer: CEO RPO | 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067 |
Charles L. Harrington | director | 5875 TRINITY PKWY #300, CENTREVILLE VA 20120 |
Michael Distefano | officer: See Remarks | 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067 |
Gary D Burnison | director, officer: CEO | C/O KORN FERRY INTERNATIONAL, 800 CENTURY PARK EAST STE 900, LOS ANGELES CA 90067 |
Laura M Bishop | director | 1900 AVENUE OF THE STARS, SUITE 1500, LOS ANGELES CA 90067 |
Robert P Rozek | officer: EVP and CFO | 343 STATE STREET, ROCHESTER NY 146500211 |
Byrne K Mulrooney | officer: CEO of Futurestep | 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309 |
Jerry Leamon | director | C/O KORN/FERRY INTERNATIONAL, 1900 AVENUE OF THE STARS, SUITE 2600, LOS ANGELES CA 90067 |
George T Shaheen | director | |
Len J Lauer | director | 2001 EDMUND HALLEY DRIVE, RESTON VA 20191 |
Lori Jean Robinson | director | 5875 LANDERBROOK DRIVE, SUITE 220, CLEVELAND OH 44124 |
Mark Arian | officer: CEO of Hay Group | C/O KORN/FERRY INTERNATIONAL, 1900 AVE. OF THE STARS, SUITE 2600, LOS ANGELES CA 90067 |
Debra J Perry | director | 515 RIDGEWOOD AVENUE, GLEN RIDGE NJ 07028 |
Angel R Martinez | director | C/O TUPPERWARE BRANDS CORP, PO BOX 2353, ORLANDO FL 32802-2353 |
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