MillerKnoll (MillerKnoll) Gross Property, Plant and Equipment : $1,961 Mil (As of Feb. 2024)

MillerKnoll Gross Property, Plant and Equipment Chart

MillerKnoll Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Gross Property, Plant and Equipment		Get a 7-Day Free Trial					1,084.70	1,305.20	1,374.40	1,935.50	1,986.60

MillerKnoll Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross Property, Plant and Equipment	Get a 7-Day Free Trial															1,944.00	1,986.60	1,984.60	1,961.10	1,960.60

MillerKnoll 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:

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.

MillerKnoll  (NAS:MLKN) 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.

MillerKnoll Gross Property, Plant and Equipment Related Terms

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MillerKnoll (MillerKnoll) Business Description