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Surgepays's quarterly net PPE declined from Jun. 2023 ($0.9 Mil) to Sep. 2023 ($0.8 Mil) and declined from Sep. 2023 ($0.8 Mil) to Dec. 2023 ($0.8 Mil).
Surgepays's annual net PPE increased from Dec. 2021 ($0.7 Mil) to Dec. 2022 ($1.1 Mil) but then declined from Dec. 2022 ($1.1 Mil) to Dec. 2023 ($0.8 Mil).
The historical data trend for Surgepays's 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.
Surgepays Annual Data | |||||||||||||||||||||
Trend | Apr14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 0.51 | 0.61 | 0.69 | 1.08 | 0.75 |
Surgepays Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 1.08 | 0.99 | 0.91 | 0.83 | 0.75 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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.
Surgepays (NAS:SURG) 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 Surgepays's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin Brian Cox | director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER | 3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133 |
Laurie Weisberg | director | C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024 |
Richard Earl Schurfeld | director | 1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604 |
John Mott | officer: CHIEF TECHNOLOGY OFFICER | 890 W, HILLWOOD DM, NASHVILLE TN 37205 |
David Allen May | director | 12131 BROOKS RIVER DR, ARLINGTON TN 38002 |
Nuzzo Anthony P. Jr | director, officer: President and COO | 3124 BROTHER BLVD, STE 104, BARTLETT TN 38133 |
Anthony Geogre Evers | officer: Chief Financial Officer | 701 ASHTON LANE, SOUTH ELGIN IL 60177 |
David N Keys | director | 3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109 |
David C Ansani | director | 1375 VALLEY RD, BANNOCKBURN L3 60015 |
Campbell Ted Dudley Ii | director | PO BOX 1358, SPRING BRANCH TX 78070 |
Clinton W Coldren | director, 10 percent owner, officer: PRESIDENT, CEO & CFO | 1535 SONIAT ST.,, NEW ORLEANS LA 70115 |
Alan G Massara | director | 339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717 |
Ross E Silvey | director, officer: CEO and President | 7633 EAST 63RD PLACE, #220, TULSA OK 74133 |
Vladimir Fedyunin | director, 10 percent owner, officer: President, CEO and CFO | PO BOX 158, LIONS BAY A1 VON 2E0 |
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