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Bank7 (BSVN) Gross Property, Plant and Equipment : $17.13 Mil (As of Sep. 2024)


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What is Bank7 Gross Property, Plant and Equipment?

Bank7's quarterly gross PPE increased from Mar. 2024 ($15.38 Mil) to Jun. 2024 ($16.74 Mil) and increased from Jun. 2024 ($16.74 Mil) to Sep. 2024 ($17.13 Mil).

Bank7's annual gross PPE stayed the same from Dec. 2021 ($22.37 Mil) to Dec. 2022 ($19.27 Mil) but then increased from Dec. 2022 ($19.27 Mil) to Dec. 2023 ($21.74 Mil).


Bank7 Gross Property, Plant and Equipment Historical Data

The historical data trend for Bank7'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.

Bank7 Gross Property, Plant and Equipment Chart

Bank7 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only 13.20 22.37 19.27 21.74 18.14

Bank7 Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 21.74 15.38 16.74 17.13 18.14

Bank7 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.


Bank7  (NAS:BSVN) 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.


Bank7 Gross Property, Plant and Equipment Related Terms

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Bank7 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank7 Corp (NAS:BSVN) » Definitions » Gross Property, Plant and Equipment
Traded in Other Exchanges
Address
1039 North West 63rd Street, Oklahoma City, OK, USA, 73116
Bank7 Corp is a full-service commercial bank focused on providing customers with exceptional service and meeting their banking needs through a wide variety of commercial and retail financial services. It offers deposit banking products, including commercial deposit services, commercial checking, money market, and other deposit accounts, and retail deposit services such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access. it offers commercial real estate lending, hospitality lending, energy lending, and commercial and industrial lending, and also provides consumer lending services to individuals.
Executives
Thomas L Travis director, officer: President & CEO 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
John T Phillips director, 10 percent owner, officer: Sr. EVP, COO, Secretary 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
Andrew J Levinson officer: Regional President - Tulsa 5757 S LEWIS AVENUE, SUITE 575, TULSA OK 74105
Jason E Estes officer: Executive Vice President; CCO 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
Lisa K. Haines 10 percent owner, officer: EVP; Chief Marketing Officer 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
Henry Litchfield officer: VP; General Counsel 1039 NW 63RD ST, OKLAHOMA CITY OK 73116
Edward Patrick Gray director 1711 HUNTINGTON AVE, NICHOLS HILLS OK 73116
Gary D Whitcomb director 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
J. Michael Sanner director 3701 STONEHURST, JONES OK 73049
Charles W Brown director 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
William M Buergler director 6100 N. WESTERN AVENUE, OKLAHOMA CITY OK 73118
Teresa L. Dick director 500 WEST TEXAS, SUITE 1225, MIDLAND TX 79701
Douglas A Haines officer: Reg. Pres. of West. OK & KS 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
Kelly J Harris officer: EVP; CFO 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116
William B. Haines director, 10 percent owner, officer: Chairman 1039 NW 63RD STREET, OKLAHOMA CITY OK 73116