GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Plexus Holdings PLC (LSE:POS) » Definitions » Property, Plant and Equipment

Plexus Holdings (LSE:POS) Property, Plant and Equipment : £2.77 Mil (As of Dec. 2023)


View and export this data going back to 2005. Start your Free Trial

What is Plexus Holdings Property, Plant and Equipment?

Plexus Holdings's quarterly net PPE increased from Dec. 2022 (£1.66 Mil) to Jun. 2023 (£2.04 Mil) and increased from Jun. 2023 (£2.04 Mil) to Dec. 2023 (£2.77 Mil).

Plexus Holdings's annual net PPE declined from Jun. 2021 (£4.21 Mil) to Jun. 2022 (£1.76 Mil) but then increased from Jun. 2022 (£1.76 Mil) to Jun. 2023 (£2.04 Mil).


Plexus Holdings Property, Plant and Equipment Historical Data

The historical data trend for Plexus Holdings'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.

Plexus Holdings Property, Plant and Equipment Chart

Plexus Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.80 4.82 4.21 1.76 2.04

Plexus Holdings Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 3.89 1.76 1.66 2.04 2.77

Plexus Holdings 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.


Plexus Holdings  (LSE:POS) 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.


Plexus Holdings Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Plexus Holdings's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Plexus Holdings (LSE:POS) Business Description

Industry
Traded in Other Exchanges
Address
Yeoman Way, Highdown House, Worthing, West Sussex, GBR, BN99 3HH
Plexus Holdings PLC is active in the business of oil and gas engineering and service. It is engaged in marketing a patented friction-grip method of engineering for oil and gas field wellheads and connectors, named POS-GRIP. The company derives revenue from the sale of its POS-GRIP technology and associated products, the rental of wellheads utilizing the POS-GRIP technology, and service income principally derived from assisting with the commissioning and ongoing service requirements of its equipment. It operates its business across the world. The majority of the revenue of the company is generated from the United Kingdom followed by Europe and the Rest of the world.

Plexus Holdings (LSE:POS) Headlines

No Headlines