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Union Coop (DFM:UNIONCOOP) Gross Property, Plant and Equipment : د.إ3,223 Mil (As of Sep. 2024)


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What is Union Coop Gross Property, Plant and Equipment?

Union Coop's quarterly gross PPE declined from Dec. 2023 (د.إ3,325 Mil) to Jun. 2024 (د.إ3,216 Mil) but then increased from Jun. 2024 (د.إ3,216 Mil) to Sep. 2024 (د.إ3,223 Mil).

Union Coop's annual gross PPE increased from Dec. 2021 (د.إ2,929 Mil) to Dec. 2022 (د.إ3,283 Mil) and increased from Dec. 2022 (د.إ3,283 Mil) to Dec. 2023 (د.إ3,325 Mil).


Union Coop Gross Property, Plant and Equipment Historical Data

The historical data trend for Union Coop'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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Union Coop Gross Property, Plant and Equipment Chart

Union Coop Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
2,106.37 2,929.35 3,283.39 3,325.04

Union Coop Quarterly Data
Dec20 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
Gross Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only 2,895.14 - 3,325.04 3,215.81 3,222.96

Union Coop 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.


Union Coop  (DFM:UNIONCOOP) 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.


Union Coop Gross Property, Plant and Equipment Related Terms

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Union Coop Business Description

Industry
Traded in Other Exchanges
N/A
Address
The Tripoli Street, Al Warqa - 3, Dubai, ARE
Union Coop is engaged in establishing and managing hypermarkets in the United Arab Emirates. The company has 26 branches, and owns five shopping centers: Al Warqa City Mall, Etihad Mall, Al Barsha South Mall, Al Barsha South Mall and Nad Al Hamar Mall, and launched a chain of stores under the name of Coop, representing new concepts of shopping, as it includes four outlets in addition to one branch of the Mini Coop chain, and Union Coop is the first consumer cooperative in the Middle East to include the concept of smart shopping. The company has three major business segments that includes retail , Ecommerce and investment segment. It earns majority of its revenue from retail segment.

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