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AiXin Life International's quarterly gross PPE increased from Mar. 2024 ($5.09 Mil) to Jun. 2024 ($5.19 Mil) and increased from Jun. 2024 ($5.19 Mil) to Sep. 2024 ($5.30 Mil).
AiXin Life International's annual gross PPE increased from Dec. 2021 ($2.80 Mil) to Dec. 2022 ($3.93 Mil) and increased from Dec. 2022 ($3.93 Mil) to Dec. 2023 ($4.59 Mil).
The historical data trend for AiXin Life International's Gross 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.
AiXin Life International Annual Data | |||||||||||||||||||||
Trend | May14 | May15 | May16 | May17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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0.54 | 0.45 | 2.80 | 3.93 | 4.59 |
AiXin Life International Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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3.32 | 4.59 | 5.09 | 5.19 | 5.30 |
Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed 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.
AiXin Life International (OTCPK:AIXN) Gross 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 AiXin Life International's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Hsin-liang Christopher Lee | director | 3F, NO. 11 KE JUNG RD., CHU-NAN SITE, HSINCHU SCIENCE PARK, MIAO LI COUNTY, CHU-HAN F5 F5 350 |
Guolu Li | officer: Chief Financial Officer | NO.69 QINGYUN SOUTH AVE., JINJIANG DIST., CHENGDU CITY F4 XXXXX |
Yao-te Wang | director | 704 NO.9 LANE 14, SHIJIAN STREET, TAINAN CITY F5 XXXXX |
Quanzhong Lin | director, 10 percent owner, officer: President and CEO | 9 AN RONG LU JINGNIU, BLDG 4 UNIT 163, CHENGDU F4 XXXXX |
Algodon Wines & Luxury Development Group, Inc. | 10 percent owner | 112 NE 41ST STREET, SUITE 106, MIAMI FL 33137 |
Maria I. Echevarria | officer: CFO | 135 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10010 |
Scott L Mathis | director, officer: CEO and President | 135 5TH AVENUE, 10TH FLOOR, NEW YORK NY 10010 |
Lawrence Peter J.l. | director | FLAT 6, STAVORDALE LODGE, 10-12 MELBURY ROAD, LONDON X0 W14 8LW |
Diversified Private Equity Corp | 10 percent owner | 135 FIFTH AVENUE, 10TH FLOOR, NEW YORK NY 10010 |
Ronald S Robbins | officer: Exec. VP and COO | 135 5TH AVENUE, 10TH FLOOR, NEW YORK NY 10010 |
Tim F Holderbaum | officer: Exec. VP and CFO | 135 5TH AVENUE, 10TH FLOOR, NEW YORK NY 10010 |
Julian Beale | director | 14 MARTIN COURT, UNIT #5, TOORAK, VICTORIA C3 3142 |
Thomas A Higgins | director, 10 percent owner | 1005 COBBLESTONE DR., HIGHLANDS RANCH CO 80126 |
Allan Bergenfield | director, 10 percent owner | |
Robert Marsik | director, 10 percent owner, officer: President |
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