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Pason Systems (TSX:PSI) Gross Property, Plant and Equipment : C$568.8 Mil (As of Dec. 2024)


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What is Pason Systems Gross Property, Plant and Equipment?

Pason Systems's quarterly gross PPE declined from Jun. 2024 (C$183.0 Mil) to Sep. 2024 (C$181.8 Mil) but then increased from Sep. 2024 (C$181.8 Mil) to Dec. 2024 (C$568.8 Mil).

Pason Systems's annual gross PPE increased from Dec. 2022 (C$472.6 Mil) to Dec. 2023 (C$478.1 Mil) and increased from Dec. 2023 (C$478.1 Mil) to Dec. 2024 (C$568.8 Mil).


Pason Systems Gross Property, Plant and Equipment Historical Data

The historical data trend for Pason Systems'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.

Pason Systems Gross Property, Plant and Equipment Chart

Pason Systems Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 508.15 462.25 472.60 478.08 568.78

Pason Systems Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 478.08 173.69 182.99 181.82 568.78

Pason Systems 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.


Pason Systems  (TSX:PSI) 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.


Pason Systems Gross Property, Plant and Equipment Related Terms

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Pason Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pason Systems Inc (TSX:PSI) » Definitions » Gross Property, Plant and Equipment
Traded in Other Exchanges
Address
6130 Third Street South East, Calgary, AB, CAN, T2H 1K4
Pason Systems Inc is a provider of instrumentation and data management systems for drilling rigs. The electronic drilling recorder is the company's product, and provides a complete system of drilling data acquisition, data networking, drilling management tools, and reports at both the wellsite and customer office. The company reports on three strategic business units: The North American (Canada and the United States) and International (Latin America, including Mexico, Offshore, the Eastern Hemisphere, and the Middle East) business units, all of which offer technology services to the oil and gas industry, and the Solar and Energy Storage business unit, which provides technology services to solar and energy storage developers.
Executives
James Lee Bowzer Director
Kevin Boston Senior Officer
Russell Smith Senior Officer
Bryce Mclean Senior Officer
Jonathan Faber Senior Officer
Lars Olesen Senior Officer
Natalie Fenez Senior Officer
Ryan Van Beurden Senior Officer
Marcel Kessler Director
Celine Boston Senior Officer
Kenneth Brandon Mullen Director
James Douglas Hill 10% Security Holder, Director, Senior Officer
Timur Kuru Senior Officer

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