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Traeger (Traeger) Property, Plant and Equipment : $90.8 Mil (As of Dec. 2023)


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What is Traeger Property, Plant and Equipment?

Traeger's quarterly net PPE increased from Jun. 2023 ($63.6 Mil) to Sep. 2023 ($67.2 Mil) and increased from Sep. 2023 ($67.2 Mil) to Dec. 2023 ($90.8 Mil).

Traeger's annual net PPE increased from Dec. 2021 ($55.5 Mil) to Dec. 2022 ($69.4 Mil) and increased from Dec. 2022 ($69.4 Mil) to Dec. 2023 ($90.8 Mil).


Traeger Property, Plant and Equipment Historical Data

The historical data trend for Traeger'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.

* Premium members only.

Traeger Property, Plant and Equipment Chart

Traeger Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
21.78 32.40 55.48 69.36 90.78

Traeger Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 69.36 62.00 63.56 67.15 90.78

Traeger Property, Plant and Equipment Calculation

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:


Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:


Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

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.


Traeger  (NYSE:COOK) 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.


Traeger Property, Plant and Equipment Related Terms

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Traeger (Traeger) Business Description

Traded in Other Exchanges
N/A
Address
1215 E Wilmington Avenue, Suite 200, Salt Lake City, UT, USA, 84106
Traeger Inc designs, sources, sells, and supports wood pellet fueled barbeque grills sold to retailers, distributors, and direct to consumers. It produces and sells the pellets used to fire the grills and also sells Traeger-branded rubs, spices, and sauces, as well as grill accessories including covers, barbeque tools, trays, liners, and merchandise. The company's geographical segments include North America and the Rest of the world, of which majority of revenue is from North America.
Executives
Hardy James H Jr officer: Chief Supply Chain Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Dominic Blosil officer: Chief Financial Officer C/O TAEGER, 1215 E WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Jeremy Andrus director, officer: Chief Executive Officer C/O TRAEGER, 1215 E. WILMINGTON AVENUE, SUITE 200, SALT LAKE CITY UT 84106
Steven Philip Richman director C/O TRAEGER INC., 1215 E WILMINGTON AVE, SUITE 200, SALT LAKE CITY UT 84106
Ontario Teachers Pension Plan Board 10 percent owner 5650 YONGE STREET, TORONTO A6 M2M 4H5
Trilantic Capital Management L.p. 10 percent owner, other: See Remarks 399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Wendy A. Beck director C/O NORWEGIAN CRUISE LINE HOLDINGS LTD., 7665 CORPORATE CENTER DRIVE, MIAMI FL 33126
Elizabeth Cahill Lempres director TWO COMMERCE SQUARE, 2001 MARKET STREET, SUITE 3600, PHILADELPHIA PA 19103
Wayne Marino director C/O TRAEGER, INC., 1215 E WILMINGTON AVE., SUITE 200, SALT LAKE CITY UT 84106
Aea Investors Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Ralph Alvarez director ELI LILLY AND COMPANY, LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Aea Investors Executive Partners Vi Llc 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Partners Vi Lp 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022
Aea Investors Executive Fund Vi Lp 10 percent owner 666 FIFTH AVENUE, 36TH FLOOR, NEW YORK NY 10103
Aea Fund Vi Stockholder Representative Corp. 10 percent owner 520 MADISON AVENUE, 40TH FLOOR, NEW YORK NY 10022