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Singularity Future Technology's quarterly gross PPE declined from Jun. 2023 ($3.43 Mil) to Sep. 2023 ($3.31 Mil) and declined from Sep. 2023 ($3.31 Mil) to Dec. 2023 ($2.62 Mil).
Singularity Future Technology's annual gross PPE increased from Jun. 2021 ($2.98 Mil) to Jun. 2022 ($3.89 Mil) but then declined from Jun. 2022 ($3.89 Mil) to Jun. 2023 ($3.43 Mil).
The historical data trend for Singularity Future Technology'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.
Singularity Future Technology Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 2.22 | 2.12 | 2.98 | 3.89 | 3.43 |
Singularity Future Technology 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 | 3.62 | 3.63 | 3.43 | 3.31 | 2.62 |
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.
Singularity Future Technology (NAS:SGLY) 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 Singularity Future Technology's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhongliang Xie | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ying Cao | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11021 |
Ling Jiang | director | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Haotian Song | director, officer: Voce President | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Dianjiang Wang | officer: CFO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Ziyuan Liu | director, officer: Chairman of the Board and CEO | SINGULARITY FUTURE TECHNOLOGY LTD., 98 CUTTER MILL ROAD, SUITE 322, GREAT NECK NY 11201 |
Yang Jie | director, officer: Chief Executive Officer | 108 WOOLEYS LN, GREAT NECK NJ 11023 |
Jing Shan | officer: Chief Operating Officer | 9 AVE AT PORT IMPERIAL, UNITE 622, WEST NEW YORK NJ 07093 |
Shi Qiu | officer: Chief Technology Officer | 67B 157 WEST 57 STREET, NEW YORK NY 10019 |
Heng Wang | director | 16-017, 85 BROAD STREET, NEW YORK NY 10004 |
Lei Nie | officer: Vice President | 49 ELMTREE LANE, JERICHO NY 11753 |
Xiaohuan Huang | director | GRAND TWO 131-03 40TH RD, FLUSHING NY 11354 |
Junfeng Xu | director | RM802, JUYUANBEILI, DAHONGMEN RD., FENGTAI DIST., BEIJING F4 100076 |
Jianming Li | director | RM102 NO.77 BAO GANG SI CUN, YOUYI RD, BAOSHAN DISTRICT, SHANGHAI F4 201999 |
Jing Wang | director | 36-09 MAIN STREET, SUITE 9C-2, FLUSHING NY 11354 |
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