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Mynews Holdings Bhd (XKLS:5275) Gross Property, Plant and Equipment : RM419.7 Mil (As of Jul. 2024)


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What is Mynews Holdings Bhd Gross Property, Plant and Equipment?

Mynews Holdings Bhd's quarterly gross PPE declined from Jan. 2024 (RM430.3 Mil) to Apr. 2024 (RM423.9 Mil) and declined from Apr. 2024 (RM423.9 Mil) to Jul. 2024 (RM419.7 Mil).

Mynews Holdings Bhd's annual gross PPE increased from Oct. 2021 (RM544.4 Mil) to Oct. 2022 (RM703.9 Mil) but then declined from Oct. 2022 (RM703.9 Mil) to Oct. 2023 (RM650.6 Mil).


Mynews Holdings Bhd Gross Property, Plant and Equipment Historical Data

The historical data trend for Mynews Holdings Bhd'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.

Mynews Holdings Bhd Gross Property, Plant and Equipment Chart

Mynews Holdings Bhd Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only 406.70 491.30 544.41 703.86 650.58

Mynews Holdings Bhd Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 434.11 650.58 430.31 423.89 419.68

Mynews Holdings Bhd 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.


Mynews Holdings Bhd  (XKLS:5275) 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.


Mynews Holdings Bhd Gross Property, Plant and Equipment Related Terms

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Mynews Holdings Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara, Petaling Jaya, MYS, 47810
Mynews Holdings Bhd involved in the business of operating retail store chains, predominantly convenience stores (CVS) and minimart. Besides retailing, it is also involved in the business of producing ready-to-eat meals and bakery products to serve the retail chains. The group is organized into business units based on products and services, which comprises Retail convenience - operating retail convenience stores selling retail convenience goods and services; Manufacturing - producing bakery products and ready-to-eat meals. The company derives the majority of its revenue from the Retail segment.

Mynews Holdings Bhd Headlines

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