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Freedom Holding's quarterly gross PPE increased from Mar. 2024 ($134 Mil) to Jun. 2024 ($135 Mil) and increased from Jun. 2024 ($135 Mil) to Sep. 2024 ($179 Mil).
Freedom Holding's annual gross PPE increased from Mar. 2022 ($30 Mil) to Mar. 2023 ($94 Mil) and increased from Mar. 2023 ($94 Mil) to Mar. 2024 ($134 Mil).
The historical data trend for Freedom Holding'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.
Freedom Holding Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 23.15 | 22.30 | 30.49 | 93.68 | 134.29 |
Freedom Holding Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 100.66 | 112.28 | 134.29 | 135.48 | 179.47 |
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.
Freedom Holding (NAS:FRHC) 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 Freedom Holding's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Wotczak | officer: CEO - Prime Executions | C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704 |
Renat Tukanov | officer: CHIEF TECHNOLOGY OFFICER | "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Sergey Lukyanov | officer: *See Remarks | ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Evgeny Ler | officer: Chief Financial Officer | 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051 |
Liudmila Kiriaku | officer: VP of Compliance until 8/18/23 | CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041 |
Boris Cherdabayev | 10 percent owner, officer: Chief Operating Officer | C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101 |
Amber Williams | director | 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101 |
Askar Tashtitov | officer: President | KURMANGAZY ST 31, APT 38, ALMATY 1P 050051 |
Arkady V Rakhilkin | director | AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059 |
Timur R Turlov | director, 10 percent owner, officer: Chief Executive Officer | VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000 |
Toleush Tolmakov | 10 percent owner, officer: Vice President | 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051 |
Daymon M. Smith | director | 352 E. 426 N., ALPINE UT 84004 |
Anuarbek Baimoldin | officer: Chief Operating Officer | 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051 |
Jason M Kerr | director | 1038 SOUTH 750 EAST, KAYSVILLE UT 84037 |
Jsc Compass Asset Management | 10 percent owner | 240V FURMANOVA STREET, ALMATY 1P 050059 |
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