Million Cities Holdings (HKSE:02892) Gross Property, Plant and Equipment : HK$95.8 Mil (As of Dec. 2023)

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What is Million Cities Holdings Gross Property, Plant and Equipment?

Million Cities Holdings's quarterly gross PPE declined from Dec. 2022 (HK$98.0 Mil) to Jun. 2023 (HK$55.4 Mil) but then increased from Jun. 2023 (HK$55.4 Mil) to Dec. 2023 (HK$95.8 Mil).

Million Cities Holdings's annual gross PPE stayed the same from Dec. 2021 (HK$104.3 Mil) to Dec. 2022 (HK$98.0 Mil) but then declined from Dec. 2022 (HK$98.0 Mil) to Dec. 2023 (HK$95.8 Mil).

Million Cities Holdings Gross Property, Plant and Equipment Historical Data

The historical data trend for Million Cities Holdings'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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Million Cities Holdings Gross Property, Plant and Equipment Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Property, Plant and Equipment

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83.78

96.35

104.27

97.97

95.78

Million Cities Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Property, Plant and Equipment	Get a 7-Day Free Trial											104.27	60.60	97.97	55.42	95.78

Million Cities Holdings 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.

Million Cities Holdings (HKSE:02892) 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.

Million Cities Holdings Gross Property, Plant and Equipment Related Terms

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Million Cities Holdings (HKSE:02892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » Gross Property, Plant and Equipment

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Traded in Other Exchanges

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Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

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