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Net Element (Net Element) Property, Plant and Equipment : $0.73 Mil (As of Jun. 2021)


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What is Net Element Property, Plant and Equipment?

Net Element's quarterly net PPE declined from Dec. 2020 ($0.80 Mil) to Mar. 2021 ($0.77 Mil) and declined from Mar. 2021 ($0.77 Mil) to Jun. 2021 ($0.73 Mil).

Net Element's annual net PPE increased from Dec. 2018 ($0.03 Mil) to Dec. 2019 ($0.38 Mil) and increased from Dec. 2019 ($0.38 Mil) to Dec. 2020 ($0.80 Mil).


Net Element Property, Plant and Equipment Historical Data

The historical data trend for Net Element'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.

* Premium members only.

Net Element Property, Plant and Equipment Chart

Net Element Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.06 0.03 0.38 0.80

Net Element Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
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 0.32 0.83 0.80 0.77 0.73

Net Element Property, Plant and Equipment Calculation

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:


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.


Net Element  (NAS:NETE) 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.


Net Element Property, Plant and Equipment Related Terms

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Net Element (Net Element) Business Description

Industry
Traded in Other Exchanges
N/A
Address
3363 NE 163rd Street, Suite 605, North Miami Beach, FL, USA, 33160
Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment.
Executives
Steven Wolberg officer: Chief Legal Officer 3363 NE 163RD STREET, #705, NORTH MIAMI BEACH FL 33160
Jeffrey Ginsberg officer: Chief Financial Officer 3363 NE 163RD STREET, SUITE 705, C/O NET ELEMENT, INC., NORTH MIAMI BEACH FL 33160
Jon Najarian director 55 EAST MONROE STREET, SUITE 3800, CHICAGO IL 60603
John Roland director 3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
Todd Raarup director 133 PROSPECTOR LANE 4102, ASPEN CO 81611
Howard Ash director 4233 SHERIDAN AVE, MIAMI BEACH FL 33140
Jonathan Fichman director 9324 NW 10TH STREET, PLANTATION FL 33322
John Joseph Wiegand director 1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044
Drew J Freeman director 2542 NASSAU LANE, FORT LAUDERDALE FL 33312
Oleg Firer director, 10 percent owner, officer: Chief Executive Officer 11 YELLOWSTONE DRIVE, OLD BRIDGE NJ 08857
James Caan director 1450 SOUTH MIAMI AVENUE, MIAMI FL 33130
Kenges Rakishev director SAF & CO., 214 MUKANOVA STREET, ALMATY 1P 050008
Jonathan New officer: Chief Financial Officer 12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
William Healy director 16W281 83RD STREET, SUITE B, BURR RIDGE IL 60527
Kelley David P Ii director C/O ARCO CAPITAL MANAGEMENT LLC, 7 SHEINOVO STREET, SOFIA E0 1504