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Metrofile Holdings (JSE:MFL) Gross Property, Plant and Equipment : R685 Mil (As of Dec. 2024)


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What is Metrofile Holdings Gross Property, Plant and Equipment?

Metrofile Holdings's quarterly gross PPE increased from Dec. 2023 (R698 Mil) to Jun. 2024 (R1,348 Mil) but then declined from Jun. 2024 (R1,348 Mil) to Dec. 2024 (R685 Mil).

Metrofile Holdings's annual gross PPE increased from Jun. 2022 (R1,239 Mil) to Jun. 2023 (R1,303 Mil) and increased from Jun. 2023 (R1,303 Mil) to Jun. 2024 (R1,348 Mil).


Metrofile Holdings Gross Property, Plant and Equipment Historical Data

The historical data trend for Metrofile 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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Metrofile Holdings Gross Property, Plant and Equipment Chart

Metrofile Holdings Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,111.06 1,142.86 1,239.28 1,302.98 1,348.40

Metrofile Holdings Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 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 712.56 1,302.98 698.44 1,348.40 685.23

Metrofile 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.


Metrofile Holdings  (JSE:MFL) 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.


Metrofile Holdings Gross Property, Plant and Equipment Related Terms

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Metrofile Holdings Business Description

Industry
Traded in Other Exchanges
Address
28 Fricker Road, Illovo Boulevard, First Floor, Sandton, GT, ZAF, 2196
Metrofile Holdings Ltd provides data management and data storage facilities to its clients. The company offers Records storage and management, including backup and protection of active and inactive documents, images, and data in physical and electronic format. It also provides other services such as Digital services, Business support services, and other Products and Solutions. Its segments include MRM South Africa, which is the key revenue driver; MRM Rest of Africa; MRM Middle East and Products and Services South Africa.