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East Africa Metals (East Africa Metals) Property, Plant and Equipment : $12.86 Mil (As of Dec. 2023)


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What is East Africa Metals Property, Plant and Equipment?

East Africa Metals's quarterly net PPE increased from Jun. 2023 ($13.00 Mil) to Sep. 2023 ($13.03 Mil) but then declined from Sep. 2023 ($13.03 Mil) to Dec. 2023 ($12.86 Mil).

East Africa Metals's annual net PPE declined from Dec. 2019 ($15.89 Mil) to Dec. 2020 ($13.04 Mil) and declined from Dec. 2020 ($13.04 Mil) to Dec. 2021 ($12.99 Mil).


East Africa Metals Property, Plant and Equipment Historical Data

The historical data trend for East Africa Metals'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.

East Africa Metals Property, Plant and Equipment Chart

East Africa Metals Annual Data
Trend Jun12 Jun13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 17.03 17.11 15.89 13.04 12.99

East Africa Metals Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 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 Premium Member Only Premium Member Only Premium Member Only 13.48 - 13.00 13.03 12.86

East Africa Metals 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.


East Africa Metals  (OTCPK:EFRMF) 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.


East Africa Metals Property, Plant and Equipment Related Terms

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East Africa Metals (East Africa Metals) Business Description

Traded in Other Exchanges
Address
777 Dunsmuir Street, 17th Floor, Vancouver, BC, CAN, V7Y 1K4
East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and/or sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.

East Africa Metals (East Africa Metals) Headlines

From GuruFocus

East Africa Metals Extends Closing of Private Placement

By GlobeNewswire GlobeNewswire 03-28-2019

East Africa Metals Provides Corporate Update

By GlobeNewswire GlobeNewswire 05-27-2019

East Africa Metals Announces an Extension to Related Party Loan

By GlobeNewswire GlobeNewswire 10-16-2018

East Africa Metals Announces a Second Extension to Related Party Loan

By GlobeNewswire GlobeNewswire 06-02-2018

East Africa Receives Final Payment in Adyabo Transaction

By PRNewswire PRNewswire 12-02-2019

East Africa Grants Options

By GlobeNewswire GlobeNewswire 06-30-2018

East Africa Metals Closes Tibet Huayu Development Financing

By GlobeNewswire GlobeNewswire 08-23-2019

East Africa Metals Private Placement

By GlobeNewswire GlobeNewswire 02-12-2019