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Cannabistiva's quarterly net PPE declined from Mar. 2023 ($0.04 Mil) to Jun. 2023 ($0.00 Mil) but then stayed the same from Jun. 2023 ($0.00 Mil) to Sep. 2023 ($0.00 Mil).
Cannabistiva's annual net PPE declined from Dec. 2020 ($0.25 Mil) to Dec. 2021 ($0.00 Mil) but then increased from Dec. 2021 ($0.00 Mil) to Dec. 2022 ($0.04 Mil).
The historical data trend for Cannabistiva'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.
Cannabistiva Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 0.01 | 0.01 | 0.25 | - | 0.04 |
Cannabistiva Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 0.05 | 0.04 | 0.04 | - | - |
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.
Cannabistiva (OTCPK:CBDS) 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 Cannabistiva's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Brad E Herr | director, officer: Chief Financial Officer | 5413 S SAYBROOK LANE, SPOKANE WA 99223 |
David Tobias | director, 10 percent owner | PO BOX 1602, MESQUITE NV 89024 |
Tankson Robert N. Iii | director | 6057 RYAN RANCH AVE, LAS VEGAS NV 89130 |
Donald Lundbom | officer: CHIEF FINANCIAL OFFICER | 37177 N WILD BARLEY PATH, SAN TAN VALLEY AZ 85140 |
Sadia P Barrameda | 10 percent owner | PO BOX 1363, DISCOVERY BAY CA 94505 |
Mike Gravel | director | 4467 OCEAN HEIGHTS CT,, SEASIDE CA 93955 |
Stephen Michael Downing | director | 152 LA VERNE AVENUE, LONG BEACH CA 90803 |
Debby Goldsberry | director | 1707 LEIMERT BLVD, OAKLAND CA 94607 |
Trevor S Reed | director | 20 BRAZOS TRAIL COURT, PLACITAS NM 87043 |
Catherine J Carroll | director, officer: CFO and Treasurer | 450 HILLSIDE DRIVE A224, MESQUITE NV 89027 |
James Polin Gray | director | 2531 CRESTVIEW DRIVE, NEWPORT BEACH CA 92663 |
Gary Earl Johnson | director, officer: President, CEO & Secretary | P.O. BOX 1858, EL PRADO NM 87529 |
Steve Kubby | director, 10 percent owner, officer: Chairman of the Board | 317 JUDITH'S FANCY, ST. CROIX VI 00823-5335 |
Barry Robert Tobias | director | 7305 DAMSEL LANE, FAIRVIEW TN 37062 |
Kirk Blosch | 10 percent owner | 2081 SOUTH LAKELINE DR, SALT LAKE CITY UT 84109 |
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