Qorvo (NAS:QRVO) Property, Plant and Equipment

: $1,192 Mil (As of Dec. 2022)

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Qorvo's quarterly net PPE declined from Jun. 2022 ($1,234 Mil) to Sep. 2022 ($1,223 Mil) and declined from Sep. 2022 ($1,223 Mil) to Dec. 2022 ($1,192 Mil).

Qorvo's annual net PPE increased from Mar. 2020 ($1,259 Mil) to Mar. 2021 ($1,266 Mil) but then declined from Mar. 2021 ($1,266 Mil) to Mar. 2022 ($1,254 Mil).

Qorvo Property, Plant and Equipment Historical Data

The historical data trend for Qorvo'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.

Qorvo Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Property, Plant and Equipment

1,374.11

1,366.51

1,259.20

1,266.03

1,253.59

Qorvo Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Property, Plant and Equipment																1,266.81	1,253.59	1,234.33	1,222.92	1,191.99

Qorvo 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.

Qorvo (NAS:QRVO) 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.

Qorvo Property, Plant and Equipment Related Terms

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Qorvo (NAS:QRVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Qorvo Inc (NAS:QRVO) » Definitions » Property, Plant and Equipment

Comparable Companies

Traded in Other Exchanges

QRVO:Mexico 2QO:Germany Q1RV34:Brazil

Address

7628 Thorndike Road, Greensboro, NC, USA, 27409-9421

Website

https://www.qorvo.com

Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.

Executives

Frank P. Stewart	officer: VP, Advanced Cellular	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Grant Brown	officer: VP of Treasury & Interim CFO	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Philip Chesley	officer: Pres. Infra & Defense	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Judy Bruner	director	C/O SANDISK CORPORATION, 601 MCCARTHY BLVD., MILPITAS CA 95035
Paul J Fego	officer: VP, Global Operations	15 SECOR ROAD, PO BOX 5226, BROOKFIELD CT 06804
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Mark J. Murphy	officer: Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Gina Harrison	officer: VP and Corporate Controller	7628 THORNDIKE ROAD, GREENSBORO NC 27409
Walter H Wilkinson	director	C/O RF MICRO DEVICES, INC., 7628 THORNDIKE ROAD, GREENSBORO NC 27409
Michael J. Laber	officer: VP and Corporate Controller	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Steven J Buhaly	officer: CFO and Secretary	1195 NW LOMPTON DRIVE, BEAVESTON OR 97006
Daniel A Dileo	director	C/O RF MICRO DEVICES, 7628 THORNDIKE ROAD, GREENSBORO NC 27409
C Scott Gibson	director	PMB 316, PO BOX 30,000, JACKSON WY 83002
Roderick Nelson	director	2300 NE BROOKWOOD PARKWAY, HILLSBORO OR 97124
Ho David H Y	director	5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416