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Universal Technical Institute's quarterly gross PPE declined from Jun. 2023 ($629.7 Mil) to Sep. 2023 ($629.4 Mil) but then increased from Sep. 2023 ($629.4 Mil) to Dec. 2023 ($630.5 Mil).
Universal Technical Institute's annual gross PPE increased from Sep. 2021 ($468.9 Mil) to Sep. 2022 ($540.8 Mil) and increased from Sep. 2022 ($540.8 Mil) to Sep. 2023 ($629.4 Mil).
The historical data trend for Universal Technical Institute'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.
Universal Technical Institute Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 305.66 | 399.77 | 468.92 | 540.76 | 629.37 |
Universal Technical Institute 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 | 635.44 | 622.22 | 629.71 | 629.37 | 630.51 |
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.
Universal Technical Institute (NYSE:UTI) 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 Universal Technical Institute's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Troy R Anderson | officer: EVP and CFO | 16220 N SCOTTSDALE RD, SUITE 500, SCOTTSDALE AZ 85254 |
Loretta Lydia Sanchez | director | 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
Coliseum Capital Management, Llc | 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Tracy Kay Lorenz | officer: UTI Division President | 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
Michael A. Slubowski | director | 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
Jami J. Frazier | officer: Division President | 4225 E. WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
Jerome Alan Grant | officer: EVP & Chief Operating Officer | 16220 N. SCOTTSDALE RD., SUITE 100, SCOTTSDALE AZ 85254 |
Shannon Lei Okinaka | director | C/O HAWAIIAN HOLDINGS, INC., 3375 KOAPAKA STREET, SUITE G-350, HONOLULU HI 96819 |
Kimberly J Mcwaters | director, officer: CEO and President | 20410 NORTH 19TH AVENUE, PHOENIX AZ 85027 |
Bart Fesperman | officer: Chief Commercial Officer | 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
Sonia Claire Mason | officer: Chief Human Resources Officer | 4225 EAST WINDROSE DRIVE, SUITE 200, PHOENIX AZ 85032 |
George W. Brochick | director | 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302 |
Christopher E. Kevane | officer: SVP Chief Legal Officer | 9221 E. VIA DE VENTURA, SCOTTSDALE AZ 85258 |
Robert Thomas Devincenzi | director | 825 E MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043 |
Lori B Smith | officer: SVP Chief Information Officer | 16220 N SCOTTSDALE RD, SUITE 500, SCOTTSDALE AZ 85254 |
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