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Amcor's quarterly gross PPE increased from Mar. 2024 ($4,313 Mil) to Jun. 2024 ($8,545 Mil) but then declined from Jun. 2024 ($8,545 Mil) to Sep. 2024 ($4,412 Mil).
Amcor's annual gross PPE increased from Jun. 2022 ($7,881 Mil) to Jun. 2023 ($8,303 Mil) and increased from Jun. 2023 ($8,303 Mil) to Jun. 2024 ($8,545 Mil).
The historical data trend for Amcor'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.
Amcor Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 7,411.00 | 8,045.00 | 7,881.00 | 8,303.00 | 8,545.00 |
Amcor 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 | 4,247.00 | 4,377.00 | 4,313.00 | 8,545.00 | 4,412.00 |
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.
Amcor (NYSE:AMCR) 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 Amcor's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Nicholas T. Long | director | C/O 9341 COURTLAND DRIVE NE, ROCKFORD MI 49351 |
Andrea E. Bertone | director | C/O CORP. SECRETARY, PEABODY ENERGY CORP, 701 MARKET STREET, ST. LOUIS MO 63101 |
Julie Marie Sorrells | officer: V.P. & Corporate Controller | 83 TOWER ROAD NORTH, WARMLEY BRISTOL X0 BS30 8XP |
Arun Nayar | director | 9 MARSHAL LANE, WESTON CT 06883 |
Foufopoulos - De Ridder Lucrece | director | 83 TOWER ROAD NORTH, WARMLEY, BRISTOL X0 BS30 8XP |
Ian Wilson | officer: Executive Vice President | C/O AMCOR PLC, 83 TOWER ROAD NORTH, WARMLEY, BRISTOL X0 BS308XP |
Louis Fred Stephan | officer: President, Amcor Flexibles NA | 2301 INDUSTRIAL DRIVE, NEENAH WI 54956 |
Ronald Stephen Delia | officer: Chief Executive Officer | C/O AMCOR PLC, 83 TOWER ROAD NORTH, WARMLEY, BRISTOL X0 BS308XP |
Michael J Zacka | officer: President, Amcor Flex Europe | 83 TOWER ROAD NORTH, WARMLEY, BRISTOL X0 BS30 8XP |
Eric V Roegner | officer: President,Amcor Rigid Plastics | ARCONIC INC., 390 PARK AVENUE, NEW YORK NY 10022-4608 |
Michael Casamento | officer: Executive VP, Finance & CFO | C/O AMCOR PLC, 83 TOWER ROAD NORTH, WARMLEY, BRISTOL X0 BS308XP |
Gonzalez Susana Suarez | officer: Ex. VP & Chief Human Resources | 521 WEST 57TH STREET, NEW YORK NY 10019 |
Deborah Rasin | officer: General Counsel | TWO PRUDENTIAL PLAZA, SUITE 4100, CHICAGO IL 60601 |
Achal Agarwal | director | P.O. BOX 61900, DALLAS TX 75261-9100 |
Susan K Carter | director | C/O INGERSOLL-RAND COMPANY, 800-E BEATY STREET, DAVIDSON NC 28036 |
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