GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Renasant Corp (NYSE:RNST) » Definitions » Gross Property, Plant and Equipment
中文

Renasant (Renasant) Gross Property, Plant and Equipment : $439.1 Mil (As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Renasant Gross Property, Plant and Equipment?

Renasant's quarterly gross PPE declined from Jun. 2023 ($286.0 Mil) to Sep. 2023 ($284.4 Mil) but then increased from Sep. 2023 ($284.4 Mil) to Dec. 2023 ($439.1 Mil).

Renasant's annual gross PPE increased from Dec. 2021 ($430.3 Mil) to Dec. 2022 ($433.1 Mil) and increased from Dec. 2022 ($433.1 Mil) to Dec. 2023 ($439.1 Mil).


Renasant Gross Property, Plant and Equipment Historical Data

The historical data trend for Renasant'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.

Renasant Gross Property, Plant and Equipment Chart

Renasant Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 418.27 426.68 430.28 433.07 439.10

Renasant Quarterly Data
Mar19 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 Premium Member Only 433.07 287.01 285.95 284.37 439.10

Renasant 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.


Renasant  (NYSE:RNST) 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.


Renasant Gross Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Renasant's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Renasant (Renasant) Business Description

Industry
Traded in Other Exchanges
N/A
Address
209 Troy Street, Tupelo, MS, USA, 38804-4827
Renasant Corp operates as a holding company for Renasant Bank, a Mississippi banking corporation, and its subsidiary, Renasant Insurance, Inc. It has three reportable segments: community banks, insurance, and wealth management. With its community banks segment, the company provides a range of financial services to individuals and small businesses. Its insurance segment is an insurance agency providing commercial and personal insurance through third-party carriers. The wealth management segment provides a range of services including money management and retirement planning. The majority of the company's revenue is driven by lending activities in its community banks segment. Renasant Corporation operates in the southern United States.
Executives
Curtis J Perry officer: SEVP P.O. BOX 120, COLUMBUS GA 31902
John Foy director 1881 N PARC CIRCLE, TUPELO MS 38804
Rose J. Flenorl director 209 TROY STREET, TUPELO MS 38804
Holland Neal A Jr director PO BOX 1948, DECATUR AL 35602
Baxter Jimmy R. Iii officer: EVP/Chief Risk Officer 209 TROY ST, TUPELO MS 38804
James W Gray officer: Executive Vice President
John Creekmore director
Edward Robinson Mcgraw officer: CEO/Pres
Mabry James C. Iv officer: EVP and CFO 209 TROY STREET, TUPELO MS 38804
Kelly Hutcheson officer: EVP/Chief Accounting Officer 209 TROY STREET, TUPELO MS 38804
R Rick Hart director, officer: Sr Executive Vice President 916 CHANCERY LN, NASHVILLE TN 37205
Richard Heyer director
Gary D. Butler director 209 TROY STREET, TUPELO MS 38804
Bartow Jr Morgan officer: Executive Vice President 106 E CROGAN STREET, LAWRENCEVILLE GA 30046
Fred F Sharpe director C/O HERITAGE FINANCIAL GROUP, 721 N WESTOVER BOULEVARD, ALBANY GA 31707

Renasant (Renasant) Headlines

From GuruFocus

Renasant Named a Top Bank by Forbes

By GuruFocusNews GuruFocusNews 04-19-2022

Renasant Corporation Declares Quarterly Dividend

By PurpleRose PurpleRose 08-12-2022

Chapman Elected President of Renasant

By sperokesalga sperokesalga 05-04-2023

Renasant Corp's Dividend Analysis

By GuruFocus Research 12-15-2023

Mullinax Joins Renasant as Brand Ambassador

By Stock market mentor Stock market mentor 01-04-2023