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Addcn Technology Co (ROCO:5287) Gross Property, Plant and Equipment : NT$1,109 Mil (As of Dec. 2023)


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What is Addcn Technology Co Gross Property, Plant and Equipment?

Addcn Technology Co's quarterly gross PPE increased from Jun. 2023 (NT$1,108 Mil) to Sep. 2023 (NT$1,128 Mil) but then declined from Sep. 2023 (NT$1,128 Mil) to Dec. 2023 (NT$1,109 Mil).

Addcn Technology Co's annual gross PPE stayed the same from Dec. 2021 (NT$892 Mil) to Dec. 2022 (NT$890 Mil) but then increased from Dec. 2022 (NT$890 Mil) to Dec. 2023 (NT$1,109 Mil).


Addcn Technology Co Gross Property, Plant and Equipment Historical Data

The historical data trend for Addcn Technology Co'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.

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Addcn Technology Co Gross Property, Plant and Equipment Chart

Addcn Technology Co 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 783.08 826.79 892.45 890.20 1,109.18

Addcn Technology Co 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 890.20 1,132.59 1,108.48 1,128.02 1,109.18

Addcn Technology Co 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.


Addcn Technology Co  (ROCO:5287) 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.


Addcn Technology Co Gross Property, Plant and Equipment Related Terms

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Addcn Technology Co (ROCO:5287) Business Description

Traded in Other Exchanges
N/A
Address
No. 12, Section 5, Lane 609, Chugshin Road, 10th Floor,, Sanchong District, New Taipei, TWN, 241
Addcn Technology Co Ltd operates an Internet trading platform and online apparel retail businesses. The company operates www.8591.com.tw, a game item trading platform; www.591.com.tw, a housing leasing network; www.8891.com.tw, a used car trading network, and an HR channel for small and middle enterprises platform, a part-time job APP platform and a platform for interior design. Geographically, it derives a majority of its revenue from Taiwan.

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