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Meritor's quarterly gross PPE declined from Sep. 2021 ($1,550 Mil) to Dec. 2021 ($1,548 Mil) but then increased from Dec. 2021 ($1,548 Mil) to Mar. 2022 ($1,557 Mil).
Meritor's annual gross PPE increased from Sep. 2019 ($1,400 Mil) to Sep. 2020 ($1,476 Mil) and increased from Sep. 2020 ($1,476 Mil) to Sep. 2021 ($1,550 Mil).
The historical data trend for Meritor'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.
Meritor Annual Data | |||||||||||||||||||||
Trend | Sep12 | Sep13 | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 1,357.00 | 1,382.00 | 1,400.00 | 1,476.00 | 1,550.00 |
Meritor Quarterly Data | ||||||||||||||||||||
Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 1,512.00 | 1,538.00 | 1,550.00 | 1,548.00 | 1,557.00 |
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.
Meritor (NYSE:MTOR) 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.
Thank you for viewing the detailed overview of Meritor's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Anderson Carl Douglas Ii | officer: SVP and CFO | C/O XPO, INC., FIVE AMERICAN LANE, GREENWICH CT 06831 |
John Nelligan | officer: SVP & Pres., Truck, Americas | 2490 PEBBLE BEACH DRIVE OAKLAND MI 48363 |
Jeffrey A Craig | director, officer: CEO & President | MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Chris Villavarayan | officer: Pres., Americas | C/O MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084 |
Paul Bialy | officer: VP, Controller & PAO | C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084 |
Ken Hogan | officer: SVP & Pres. Truck, EUR & APAC | 8250 LINCOLN DR HUNTINGTON WOODS MI 48070 |
Elizabeth Anne Fessenden | director | 1137 WEST AVENUE, RICHMOND VA 23220 |
Bowes Timothy Earl Joseph | officer: SVP & Pres. Ind & NA Aftmkt | 2135 WEST MAPLE ROAD, TROY MI 48084 |
Ivor J Evans | director | MERITOR, INC., 2135 WEST MAPLE ROAD, TROY MI 48084-7186 |
William R Newlin | director | C/O CARMELL THERAPEUTICS CORPORATION, 2403 SIDNEY STREET, SUITE 300, PITTSBURGH PA 15203 |
Timothy J. Heffron | officer: VP, HR & CIO | C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084 |
Fazal F Merchant | director | 2230 E. IMPERIAL HIGHWAY, EL SEGUNDO CA 90245 |
Hannah S. Lim | officer: SVP, CLO & Corp Sec | 2135 WEST MAPLE ROAD, TROY MI 48084 |
Joseph A. Plomin | officer: Pres., International | C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084 |
Boise April Miller | officer: SVP, GC & Corp Sec | C/O INTEL CORPORATION, 2200 MISSION COLLEGE BLVD, SANTA CLARA CA 95054 |
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