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Bank NizwaOG (MUS:BKNZ) Gross Property, Plant and Equipment : ر.ع306.00 Mil (As of Jun. 2024)


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What is Bank NizwaOG Gross Property, Plant and Equipment?

Bank NizwaOG's quarterly gross PPE declined from Dec. 2023 (ر.ع327.52 Mil) to Mar. 2024 (ر.ع309.70 Mil) and declined from Mar. 2024 (ر.ع309.70 Mil) to Jun. 2024 (ر.ع306.00 Mil).

Bank NizwaOG's annual gross PPE stayed the same from Dec. 2021 (ر.ع365.47 Mil) to Dec. 2022 (ر.ع338.12 Mil) but then declined from Dec. 2022 (ر.ع338.12 Mil) to Dec. 2023 (ر.ع327.52 Mil).


Bank NizwaOG Gross Property, Plant and Equipment Historical Data

The historical data trend for Bank NizwaOG'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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Bank NizwaOG Gross Property, Plant and Equipment Chart

Bank NizwaOG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 391.13 372.19 365.47 338.12 327.52

Bank NizwaOG Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 322.42 316.78 327.52 309.70 306.00

Bank NizwaOG 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.


Bank NizwaOG  (MUS:BKNZ) 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.


Bank NizwaOG Gross Property, Plant and Equipment Related Terms

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Bank NizwaOG Business Description

Industry
Traded in Other Exchanges
N/A
Address
Beach One Building, Shatti A Qurum, P.O. Box 1423, Al khuwair, Muscat, OMN, 133
Bank Nizwa SAOG is engaged in opening current, saving and investment accounts, providing Murabaha finance, Ijara financing, and other Sharia compliant forms of financing as well as managing investors' money based on Mudaraba in exchange for a profit share or agency in exchange for a fee, and excess profit as incentive providing commercial banking services and other investment activities. The Bank is organized into three operating segments based on business units: Retail banking; Corporate banking; Treasury and investment banking and others. It derives most of its revenues from the Corporate Banking segment.

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