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Amesite (Amesite) Gross Property, Plant and Equipment : $0.08 Mil (As of Dec. 2023)


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What is Amesite Gross Property, Plant and Equipment?

Amesite's quarterly gross PPE declined from Jun. 2023 ($0.18 Mil) to Sep. 2023 ($0.08 Mil) and declined from Sep. 2023 ($0.08 Mil) to Dec. 2023 ($0.08 Mil).

Amesite's annual gross PPE increased from Jun. 2021 ($0.14 Mil) to Jun. 2022 ($0.15 Mil) and increased from Jun. 2022 ($0.15 Mil) to Jun. 2023 ($0.18 Mil).


Amesite Gross Property, Plant and Equipment Historical Data

The historical data trend for Amesite'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.

Amesite Gross Property, Plant and Equipment Chart

Amesite Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Gross Property, Plant and Equipment
0.13 0.06 0.14 0.15 0.18

Amesite Quarterly Data
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 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 0.08 0.07 0.18 0.08 0.08

Amesite 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.


Amesite  (NAS:AMST) 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.


Amesite Gross Property, Plant and Equipment Related Terms

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Amesite (Amesite) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Amesite Inc (NAS:AMST) » Definitions » Gross Property, Plant and Equipment
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Address
607 Shelby Street, Suite 700, PMB 214, Detroit, MI, USA, 48226
Amesite Inc is an artificial intelligence-driven platform and course designer that rapidly provides customized, high performance and scalable online products for schools and businesses. The company helps educational institutions and businesses improve learning as their technology partner, delivering a disruptive technology-driven by AI and offers a constellation of services that help partners implement new programs, and improve existing ones. Its customers are businesses, universities and colleges, and K-12 schools.
Executives
Ann Marie Sastry director, officer: Chief Executive Officer C/O LOLA ONE ACQUISITION CORPORATION, 2255 GLADES ROAD, SUITE 324A, BOCA RATON FL 33431
Gilbert S Omenn director AMGEN INC., ONE AMGEN CENTER DRIVE, THOUSAND OAKS CA 91320-1799
J Michael Losh director H.B. FULLER COMPANY, P.O. BOX 64683, ST. PAUL MN 55164-0683
Richard Ogawa director 2953 BUNKER HILL LANE, SUITE 300, SANTA CLARA CA 95054
Anthony M. Barkett director C/O LOLA ONE ACQUISITION CORPORATION, 2255 GLADES ROAD, SUITE 324A, BOCA RATON FL 33431
George Parmer director 102 WEST BAKER STREET, PLANT CITY FL 33563
Sherrie Farrell officer: Chief Financial Officer 607 SHELBY STREET, SUITE 700, PMB 214, DETROIT MI 48226
Mark Corrao officer: Chief Financial Officer 531 AIRPORT NORTH OFFICE PARK, FORT WAYNE IN 46825
Mark N. Tompkins 10 percent owner APP. 1, VIA GUIDINO 23, LUGANO-PARADISO V8 6900
Matthew Kern officer: Chief Financial Officer 607 SHELBY STREET, SUITE 700 PMB 214, DETROIT MI 48226
Richard D. Dibartolomeo officer: Chief Financial Officer C/O AMESITE INC., 205 EAST WASHINGTON STREET, SUITE B, ANN ARBOR MI 48104
Barbie Brewer director 205 EAST WASHINGTON STREET, SUITE B, ANN ARBOR MI 48104