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GD Culture Group's quarterly net PPE increased from Jun. 2023 ($0.01 Mil) to Sep. 2023 ($1.69 Mil) but then declined from Sep. 2023 ($1.69 Mil) to Dec. 2023 ($1.57 Mil).
GD Culture Group's annual net PPE declined from Dec. 2021 ($28.01 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($1.57 Mil).
The historical data trend for GD Culture Group's 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.
GD Culture Group Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 0.11 | 0.15 | 28.01 | - | 1.57 |
GD Culture Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | - | - | 0.01 | 1.69 | 1.57 |
Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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.
GD Culture Group (NAS:GDC) 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 GD Culture Group's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Hongxiang Yu | director, 10 percent owner, officer: Vice President | BEIHUANZHONG ROAD JUNAN COUNTY, SHANDONG F4 276600 |
Shuang Zhang | director, officer: vice president | NO 119 SOUTH ZHAOJUESI ROAD, 2ND FLOOR, ROOM 1, CHENGHUA DISTRICT, CHENGDU SICHUAN F4 610047 |
Yajing Li | director | NO 2020 ZHONGSHANXI ROAD, ROOM 502A40, SHANGHAI F4 200030 |
Wei Xu | director, 10 percent owner | 18 QINGNIAN WEST ROAD, HONGQIAO BUILDING WEST, 4TH FLOOR, NANTONG, JINAGSU, F4 226001 |
Yimin Jin | director, 10 percent owner, officer: Chief Executive Officer | BEIHUANZHONG JUNAN COURT, SHANDONG F4 276600 |
Qihai Wang | director | NO 2020 ZHONGSHANXI ROAD, ROOM 502A40, SHANGHAI F4 200030 |
Xiaoyan Shen | officer: CFO and Secretary | A-101 98 HUANGHAI ROAD TEDA, TIANJIN F4 300457 |
Arthur B Drogue | director | C/O SPAR GROUP, INC., 333 WESTCHESTER AVE, SOUTH BLDG, STE 204, WHITE PLAINS NY 10604 |
Kurt Jetta | director | 1615 SOUTH CONGRESS AVENUE, SUITE 103, DELRAY BEACH FL 33445 |
Chuanliu Ni | director, officer: Co-Chair & CEO | A-101 98 HUANGHAI ROAD TEDA, TIANJIN F4 300457 |
Chenchen Zhang | director | NO. 319 XIANXIA RD, FAREAS INTERNATIONAL PLAZA BLD A, RM 409, SHANGHAI F4 0000 |
Jiazhen Li | director, 10 percent owner, officer: Co-Chair | A101 HANGZHENG STREET CITY INDUSTRY PARK, NO. 21 JIEFANG AVENUE, QIAOKOU DISTRICT, WUHAN, HUBEI F4 430030 |
Yaqing Hu | director | NO. 319 XIANXIA RD, FAREAST, INTERNATIONAL PLAZA -BLD A, RM 409, SHANGHAI F4 0000 |
Hui Zhu | director | NO. 319 XIANXIA RD FAREAST, INTERNATIONAL PLAZA BLD A, RM 409, SHANGHAI F4 0000 |
Xiaonian Zhang | director, officer: President and Director | NO. 319 XIANXIA RD FAREAST, INTERNATIONAL PLAZA - BLD A, RM 409, SHANGHAI F4 00000 |
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