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Phio Pharmaceuticals's quarterly gross PPE declined from Mar. 2024 ($0.00 Mil) to Jun. 2024 ($0.00 Mil) but then stayed the same from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.00 Mil).
Phio Pharmaceuticals's annual gross PPE stayed the same from Dec. 2021 ($1.52 Mil) to Dec. 2022 ($1.52 Mil) but then declined from Dec. 2022 ($1.52 Mil) to Dec. 2023 ($1.18 Mil).
The historical data trend for Phio Pharmaceuticals'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.
Phio Pharmaceuticals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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1.77 | 1.68 | 1.52 | 1.52 | 1.18 |
Phio Pharmaceuticals Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial |
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0.21 | 1.18 | - | - | - |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Phio Pharmaceuticals (NAS:PHIO) 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.
Thank you for viewing the detailed overview of Phio Pharmaceuticals's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert J Bitterman | director | C/O RXI PHARMACEUTICALS CORPORATION, 1500 WEST PARK DRIVE, SUITE 210, WESTBOROUGH MA 01581 |
Robert L Ferrara | director | 257 SIMARANO DRIVE, SUITE 101, MARLBOROUGH MA 01752 |
Patricia A Bradford | director | UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422 |
Gerrit Dispersyn | officer: Chief Development Officer | 257 SIMARANO DRIVE, SUITE 101, MARLBOROUGH MA 01752 |
John A Barrett | officer: Chief Development Officer | 257 SIMARANO DRIVE, SUITE 101, MARLBOROUGH MA 01752 |
Geert Cauwenbergh | director, officer: President and CEO | 1 STULTS DRIVE, PLAINSBORO NJ 08536 |
Alexey Eliseev | officer: Chief Business Officer | 257 SIMARANO DRIVE, SUITE 101, MARLBOROUGH MA 01752 |
Jonathan E Freeman | director | 257 SIMARANO DRIVE, SUITE 101, MARLBOROUGH MA 01752 |
Curtis Lockshin | director | 4400 BISCAYNE BOULEVARD, SUITE 950, MIAMI FL 33137 |
H. Paul Dorman | director | 1500 WEST PARK DRIVE, SUITE 210, WESTBOROUGH MA 01581 |
Opko Health, Inc. | 10 percent owner | 4400 BISCAYNE BLVD., MIAMI FL 33137 |
Advanced Rna Technologies, Llc | 10 percent owner | 1 KENDALL SQUARE BUILDING 200, SUITE 2203, CAMBRIDGE MA 02139 |
Keith L Brownlie | director | 777 OLD SAW MILL RIVER RD, TARRYTOWN NY 10591 |
Pamela Pavco | officer: Chief Development Officer | C/O RXI PHARMACEUTICALS CORPORATION, 1500 WEST PARK DRIVE, WESTBOROUGH MA 01581 |
Caitlin Kontulis | officer: Secretary and Controller | 1500 WEST PARK DRIVE, SUITE 210, WESTBOROUGH MA 01581 |
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