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Farm Pride Foods (ASX:FRM) Gross Property, Plant and Equipment : A$97.06 Mil (As of Jun. 2024)


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What is Farm Pride Foods Gross Property, Plant and Equipment?

Farm Pride Foods's quarterly gross PPE declined from Jun. 2023 (A$94.69 Mil) to Dec. 2023 (A$32.07 Mil) but then increased from Dec. 2023 (A$32.07 Mil) to Jun. 2024 (A$97.06 Mil).

Farm Pride Foods's annual gross PPE stayed the same from Jun. 2022 (A$96.97 Mil) to Jun. 2023 (A$94.69 Mil) but then increased from Jun. 2023 (A$94.69 Mil) to Jun. 2024 (A$97.06 Mil).


Farm Pride Foods Gross Property, Plant and Equipment Historical Data

The historical data trend for Farm Pride Foods'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.

* Premium members only.

Farm Pride Foods Gross Property, Plant and Equipment Chart

Farm Pride Foods Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 109.72 92.06 96.97 94.69 97.06

Farm Pride Foods Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross 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 96.97 24.33 94.69 32.07 97.06

Farm Pride Foods Gross Property, Plant and Equipment Calculation

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:


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.


Farm Pride Foods  (ASX:FRM) 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.


Farm Pride Foods Gross Property, Plant and Equipment Related Terms

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Farm Pride Foods Business Description

Traded in Other Exchanges
N/A
Address
551 Chandler Road, Keysborough, VIC, AUS, 3173
Farm Pride Foods Ltd is engaged in the production, processing, manufacturing, and sale of egg and egg products. It grades, packs, processes, supplies, and markets shell eggs and processed egg products within Australia, and exports to Asia. Egg varieties include freshly laid cage eggs, barn-laid eggs, and free-range egg varieties.

Farm Pride Foods Headlines

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