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WATT (Energous) Gross Property, Plant and Equipment : $5.11 Mil (As of Dec. 2024)


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What is Energous Gross Property, Plant and Equipment?

Energous's quarterly gross PPE declined from Jun. 2024 ($1.26 Mil) to Sep. 2024 ($1.10 Mil) but then increased from Sep. 2024 ($1.10 Mil) to Dec. 2024 ($5.11 Mil).

Energous's annual gross PPE stayed the same from Dec. 2022 ($6.35 Mil) to Dec. 2023 ($5.70 Mil) but then declined from Dec. 2023 ($5.70 Mil) to Dec. 2024 ($5.11 Mil).


Energous Gross Property, Plant and Equipment Historical Data

The historical data trend for Energous'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.

Energous Gross Property, Plant and Equipment Chart

Energous 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 5.45 5.01 6.35 5.70 5.11

Energous 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 5.70 1.41 1.26 1.10 5.11

Energous 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.


Energous  (NAS:WATT) 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.


Energous Gross Property, Plant and Equipment Related Terms

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Energous Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Energous Corp (NAS:WATT) » Definitions » Gross Property, Plant and Equipment
Traded in Other Exchanges
Address
3590 North First Street, Suite 210, San Jose, CA, USA, 95134
Energous Corp has developed wireless power networks technology (WPNT), consisting of semiconductor chipsets, software controls, hardware designs, and antennas, that enable radio frequency (RF) based charging for Internet of Things (IoT) devices. The WPN technology provides a comprehensive suite of capabilities designed to power the next generation of wireless energy networks, seamlessly delivering power and data across diverse, battery-free device ecosystems. It enhances operational visibility, control, and intelligent business automation. Its products include Transmitter IC & Module, Receivers IC, Transmitter System, and Evaluation Kits.
Executives
Cesar Johnston officer: Senior VP, Engineering 303 RAY STREET, PLEASANTON CA 94566
William T Mannina officer: Acting CFO (Interim) 2300 ORCHARD PARKWAY, C/O SYMMETRICOM, SAN JOSE CA 95131
Sheryl Wilkerson director C/O ENERGOUS CORPORATION, 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Rahul G. Patel director C/O ENERGOUS CORPORATION, 3590 NORTH FIRST STREET STE 210, SAN JOSE CA 95134
J Michael Dodson director 1220 N. SIMON CIRCLE, ANAHEIM CA 92806
David Earle Roberson director
Neeraj Sahejpal officer: Senior VP, Product Marketing C/O ENERGOUS CORPORATION, 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Brian J Sereda officer: Vice President & CFO 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Kathleen A Bayless director 1251 MCKAY DRIVE, SAN JOSE CA 95131
Daniel W Fairfax director 1421 MCCARTHY BLVD., MILPITAS CA 95035
Reynette K. Au director C/O ENERGOUS CORPORATION, 3590 NORTH FIRST STREET STE 210, SAN JOSE CA 95134
Michael Noonen director C/O 8X8 INC, 2445 MISSION COLLEGE BLVD, SANTA CLARA CA 95054
Nicolaos G. Alexopoulos director 3590 NORTH FIRST STREET, SUITE 210, SAN JOSE CA 95134
Stephen R Rizzone director, officer: CEO and President METVANTAGE INC, 201 CONTINENETAL BLVD SUITE 201, EL SEGUNDO CA 90245
John Gaulding director C/O MONSTER WORLDWIDE INC, 622 THIRD AVENUE, NEW YORK NY 10017