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Markforged Holding (Markforged Holding) Gross Property, Plant and Equipment : $64.92 Mil (As of Mar. 2024)


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What is Markforged Holding Gross Property, Plant and Equipment?

Markforged Holding's quarterly gross PPE increased from Sep. 2023 ($64.92 Mil) to Dec. 2023 ($65.43 Mil) but then declined from Dec. 2023 ($65.43 Mil) to Mar. 2024 ($64.92 Mil).

Markforged Holding's annual gross PPE increased from Dec. 2021 ($12.48 Mil) to Dec. 2022 ($71.56 Mil) but then declined from Dec. 2022 ($71.56 Mil) to Dec. 2023 ($65.43 Mil).


Markforged Holding Gross Property, Plant and Equipment Historical Data

The historical data trend for Markforged 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.

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Markforged Holding Gross Property, Plant and Equipment Chart

Markforged Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
8.69 12.48 71.56 65.43

Markforged Holding Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 71.78 66.87 64.92 65.43 64.92

Markforged Holding 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.


Markforged Holding  (NYSE:MKFG) 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.


Markforged Holding Gross Property, Plant and Equipment Related Terms

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Markforged Holding (Markforged Holding) Business Description

Industry
Traded in Other Exchanges
N/A
Address
480 Pleasant Street, Watertown, MA, USA, 02472
Markforged Holding Corp transforms manufacturing with 3D metal and continuous carbon fiber printers capable of producing parts tough enough for the factory floor. The Markforged Digital Forge brings the power and speed of agile software development to industrial manufacturing, combining hardware, software, and materials to eliminate the barriers between design and functional parts. The company's geographical segments include the Americas; Europe, the Middle East, Africa; and Asia-Pacific.
Executives
Aaron Vandevender director 1 TOWER PLACE, SUITE 850, SOUTH SAN FRANCISCO CA 94080
Assaf Zipori officer: Acting Chief Financial Officer MARKFORGED HOLDING CORP, 60 TOWER ROAD, WALTHAM MA 02451
Shai Terem director, officer: President and CEO C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Mark Joseph Schwartz officer: Chief Financial Officer 4104 24TH STREET #345, SAN FRANCISCO CA 94114
Gregory Mark 10 percent owner C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
David Benhaim officer: Chief Technology Officer C/O MARKFORGED, 480 PLEASANT STREET, WATERTWON MA 02472
Stephen Karp officer: General Counsel C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Carol Meyers director 3 BATTERY WHARF, UNIT 3408, BOSTON MA 02109
Alan Masarek director C/O VONAGE HOLDINGS CORP., 23 MAIN STREET, HOLMDEL NJ 07733
Richard A Damore 10 percent owner C/O NORTHBRIDGE VENTURE PARTNERS, 950 WINTER ST STE 4600, WALTHAM MA 02451
North Bridge Venture Partners 7, L.p. 10 percent owner 60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481
North Bridge Venture Management 7, L.p. 10 percent owner 60 WILLIAM STREET, SUITE 350, WELLESLEY MA 02481
Michael Medici director C/O MARKFORGED, INC., 480 PLEASANT STREET, WATERTOWN MA 02472
Matrix Ix Management Co. Llc 10 percent owner 101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142
Antonio L. Rodriguez director MATRIX PARTNERS, 101 MAIN STREET, 17TH FLOOR, CAMBRIDGE MA 02142

Markforged Holding (Markforged Holding) Headlines

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