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Emirates Investment Bank PJSC (DFM:EIBANK) Gross Property, Plant and Equipment : د.إ31.6 Mil (As of Dec. 2024)


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What is Emirates Investment Bank PJSC Gross Property, Plant and Equipment?

Emirates Investment Bank PJSC's quarterly gross PPE declined from Jun. 2024 (د.إ2.8 Mil) to Sep. 2024 (د.إ2.8 Mil) but then increased from Sep. 2024 (د.إ2.8 Mil) to Dec. 2024 (د.إ31.6 Mil).

Emirates Investment Bank PJSC's annual gross PPE stayed the same from Dec. 2022 (د.إ31.6 Mil) to Dec. 2023 (د.إ29.7 Mil) but then increased from Dec. 2023 (د.إ29.7 Mil) to Dec. 2024 (د.إ31.6 Mil).


Emirates Investment Bank PJSC Gross Property, Plant and Equipment Historical Data

The historical data trend for Emirates Investment Bank PJSC'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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Emirates Investment Bank PJSC Gross Property, Plant and Equipment Chart

Emirates Investment Bank PJSC Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.37 34.59 31.61 29.75 31.59

Emirates Investment Bank PJSC 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 29.75 3.04 2.84 2.78 31.59

Emirates Investment Bank PJSC 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.


Emirates Investment Bank PJSC  (DFM:EIBANK) 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.


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Emirates Investment Bank PJSC Business Description

Traded in Other Exchanges
N/A
Address
Level 15, Festival Tower, P.O. Box 5503, Dubai Festival City, Dubai, ARE
Emirates Investment Bank PJSC is engaged in the business of investment advisory and wealth management. The group is organized into two business segments: Investments, which is principally involved in managing the company's investment portfolio and provides treasury services; and Banking Service segment principally manages clients' investment portfolios, provides credit facilities, and accepts deposits from corporate and individual customers and provides advisory services on corporate finance and capital market transactions. The firm derives the majority of its revenue from the United Arab Emirates.

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