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Allam Group Holding Co (KUW:ALSALAM) Gross Property, Plant and Equipment : KWD0.09 Mil (As of Dec. 2021)


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What is Allam Group Holding Co Gross Property, Plant and Equipment?

Allam Group Holding Co's quarterly gross PPE declined from Jun. 2021 (KWD1.60 Mil) to Sep. 2021 (KWD1.56 Mil) and declined from Sep. 2021 (KWD1.56 Mil) to Dec. 2021 (KWD0.09 Mil).

Allam Group Holding Co's annual gross PPE stayed the same from Dec. 2019 (KWD3.85 Mil) to Dec. 2020 (KWD1.70 Mil) but then declined from Dec. 2020 (KWD1.70 Mil) to Dec. 2021 (KWD0.09 Mil).


Allam Group Holding Co Gross Property, Plant and Equipment Historical Data

The historical data trend for Allam Group Holding Co'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.

* Premium members only.

Allam Group Holding Co Gross Property, Plant and Equipment Chart

Allam Group Holding Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.01 4.29 3.85 1.70 0.09

Allam Group Holding Co Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
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 1.70 1.65 1.60 1.56 0.09

Allam Group Holding Co 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.


Allam Group Holding Co  (KUW:ALSALAM) 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.


Allam Group Holding Co Gross Property, Plant and Equipment Related Terms

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Allam Group Holding Co (KUW:ALSALAM) Business Description

Traded in Other Exchanges
N/A
Address
Jaber Almubarak Street, Bahabahani Complex, 16th Floor, Kuwait City, KWT
Al Salam Group Holding Co is a public shareholding company engaged in investment activities. The company's activities include the ownership of stocks and shares of Kuwaiti, foreign and limited liability companies; participation in the establishment of, lending to, as well as managing and acting as a guarantor for these companies; lending money to companies in which it owns approximately 20% or more of the capital of the borrowing company, along with acting as guarantor on behalf of these companies; owning industrial equities, such as patents, industrial trademarks, royalties, or any other related rights and franchising them to others, as well as owning real estate and movable property.

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