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Quantum Computing (Quantum Computing) Property, Plant and Equipment : $3.67 Mil (As of Dec. 2023)


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What is Quantum Computing Property, Plant and Equipment?

Quantum Computing's quarterly net PPE increased from Jun. 2023 ($2.63 Mil) to Sep. 2023 ($4.07 Mil) but then declined from Sep. 2023 ($4.07 Mil) to Dec. 2023 ($3.67 Mil).

Quantum Computing's annual net PPE increased from Dec. 2021 ($0.06 Mil) to Dec. 2022 ($2.16 Mil) and increased from Dec. 2022 ($2.16 Mil) to Dec. 2023 ($3.67 Mil).


Quantum Computing Property, Plant and Equipment Historical Data

The historical data trend for Quantum Computing'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.

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Quantum Computing Property, Plant and Equipment Chart

Quantum Computing Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
0.03 0.03 0.06 2.16 3.67

Quantum Computing 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 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 2.16 2.52 2.63 4.07 3.67

Quantum Computing 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.


Quantum Computing  (NAS:QUBT) 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.


Quantum Computing Property, Plant and Equipment Related Terms

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Quantum Computing (Quantum Computing) Business Description

Industry
Traded in Other Exchanges
N/A
Address
215 Depot Court SE, Suite 215, Leesburg, VA, USA, 20175
Quantum Computing Inc is focused on providing software tools and applications for quantum computers. Its products include the Qatalyst, Qatalyst Core, and Quantum Application Accelerator. Qatalyst enables developers to create and execute quantum-ready applications on conventional computers while being ready to run on quantum computers where those systems achieve performance advantage.
Executives
Robert Liscouski director, 10 percent owner, officer: President, CEO C/O IMPLANT SCIENCES CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
Christopher Boehmler officer: Chief Financial Officer 1350 E CAPITOL ST NE, WASHINGTON DC 20003
Yuping Huang director, 10 percent owner, officer: Chief Quantum Tech. Officer 815 BLANCH AVENUE, NORWOOD NJ 07648
Carl Scott Weimer director 4751 SUMMERLIN PLACE, LONGMONT CO 80503
Michael C Turmelle director 27 COUNTRY FARM WAY, STRATHAM NH 03885
William J Mcgann director C/O IMPLANT SCIENCE CORPORATION, 500 RESEARCH DRIVE, WILMINGTON MA 01887
David Charles Morris officer: Chief Revenue Officer 144 DIABLO RANCH COURT, DANVILLE CA 94506
Robert B Fagenson director FAGENSON & CO. INC, 60 BROAD STREET, NEW YORK NY 10004
Bertrand Velge director, 10 percent owner BARNHOUSE FARM, BARNHOUSE LANE BROOKLAND, ROMNEY MARSH, KENT X0 TN299TR
Justin Schreiber director 236 FIFTH AVENUE, SUITE 400, NEW YORK NY 10001
Christopher Bruce Roberts director, officer: Chief Financial Officer 1014 PRIRY PLACE, MCLEAN VA 22101
Peter Anthony Schultz 10 percent owner P.O. BOX 9024120, SAN JUAN PR 00902

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