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Tianci International's annual gross PPE increased from Jul. 2022 ($0.00 Mil) to Jul. 2023 ($0.01 Mil) but then declined from Jul. 2023 ($0.01 Mil) to Jul. 2024 ($0.00 Mil).
The historical data trend for Tianci 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.
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Trend | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | Jul24 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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Tianci International Quarterly Data | ||||||||||||||||||||
Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | Oct24 | Jan25 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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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.
Tianci International (OTCPK:CIIT) 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 Tianci International's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Su Mei Chuah | director, 10 percent owner, officer: CEO and President | NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640 |
Weiyu Zhu | director | ROOM 1101, BLOCK 9A, TAOJINSHAN GARDEN, NO. 268 CUIYIN ROAD, LUOHU, SHENZHEN F4 518000 |
Yee Man Yung | director | C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640 |
Fan Liu | director | C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640 |
Shufang Gao | director | C/O TIANCI INTERNATIONAL. INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640 |
Wei Fang | director | C/O TIANCI INTERNATIONAL, INC., NO. 45-2, JALAN USJ 21/10, SUBANG JAYA, SELANGOR DARUL EHSAN N8 47640 |
Zhigang Pei | director, 10 percent owner, officer: CEO and CFO | C/O TIANCI INTERNATIONAL, INC., NO. A1111, HUAFENG FINANCIAL PORT, 1003,, SHENZHEN, GUANGDONG PROVINCE F4 47640 |
Jerry Ooi | director | NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640 |
Su Chen Chuah | director, 10 percent owner, officer: Chief Financial Officer | NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640 |
Yuen Kai Yeow | director, officer: Chief Technology Officer | NO. 45-2, JALAN USJ 21/10, SUBANG JALA, SELANGOR DARUL EHSAN N8 47640 |
Cuilian Cai | director, officer: Director CEO & CFO | #503, BUILDING 10, TAIHU NEW CITY, SUZHOU F4 214071 |
Shifang Wan | 10 percent owner | UNIT 5, NO.2 WEST STREET SHIPU TOWN, LIU'AN, ANHUI F4 237000 |
Jan Paul Vorstermans | 10 percent owner | LONDENSTRAAT 60 BUS 161, ANTWERP C9 B-2000 |
Brendon Peter Grunewald | 10 percent owner | AVE DES CATTLEYAS 47, BRUSSELS C9 B-1150 |
Ventus Investment Holding Ltd | 10 percent owner | 43A/1, ST. PAUL'S BUILDING, WEST STREET, VALLETTA?VLT1532 O1 00000 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 08-27-2021
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