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O'Reilly Automotive's quarterly net PPE increased from Sep. 2022 ($6,453 Mil) to Dec. 2022 ($6,536 Mil) and increased from Dec. 2022 ($6,536 Mil) to Mar. 2023 ($6,726 Mil).
O'Reilly Automotive's annual net PPE increased from Dec. 2020 ($6,090 Mil) to Dec. 2021 ($6,196 Mil) and increased from Dec. 2021 ($6,196 Mil) to Dec. 2022 ($6,536 Mil).
The historical data trend for O'Reilly Automotive'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.
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.
O'Reilly Automotive (NAS:ORLY) 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 O'Reilly Automotive's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Philip M Hopper | officer: SVP OF REAL ESTATE | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Mark Joseph Merz | officer: SVP OF FINANCE | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Christopher Andrew Mancini | officer: SVP OF CENTRAL STORE OPS/SALES | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Charles Francis Rogers | officer: SVP OF PRO SALES & OPS SUPPORT | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Fred Alan Whitfield | director | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Maria Sastre | director | C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
Andrea Weiss | director | 23 RAMRAPO COURT WEST, GLENROCK NJ 07452 |
Jonathan Wyatt Andrews | officer: SVP OF HR & TRAINING | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Brent Gentry Kirby | officer: SVP OF OMNICHANNEL | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Richard Darin Venosdel | officer: SVP OF INVENTORY MANAGEMENT | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Doug D Bragg | officer: SVP OF CENTRAL STORE OPS/SALES | 233 SOUTH PATTERSON AVE, SPRINGFIELD MO 65802 |
Jason Lee Tarrant | officer: SVP OF WESTERN STORE OPS/SALES | 233 SOUTH PATTERSON AVENUE, SPRINGFIELD MO 65802 |
Dana Perlman | director | C/O 200 MADISON AVENUE, NEW YORK NY 10016 |
Jeremy Adam Fletcher | officer: SVP OF FINANCE/CONTROLLER | 233 SOUTH PATTERSON AVE, SPRINGFIELD MO 65802 |
Robert Allen Dumas | officer: SVP OF EASTERN STORE OPS/SALES | 233 S PATTERSON AVE, SPRINGFIELD MO 65802 |
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