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Airgain (Airgain) Property, Plant and Equipment : $3.90 Mil (As of Dec. 2023)


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What is Airgain Property, Plant and Equipment?

Airgain's quarterly net PPE declined from Jun. 2023 ($4.36 Mil) to Sep. 2023 ($4.06 Mil) and declined from Sep. 2023 ($4.06 Mil) to Dec. 2023 ($3.90 Mil).

Airgain's annual net PPE declined from Dec. 2021 ($5.48 Mil) to Dec. 2022 ($4.98 Mil) and declined from Dec. 2022 ($4.98 Mil) to Dec. 2023 ($3.90 Mil).


Airgain Property, Plant and Equipment Historical Data

The historical data trend for Airgain's 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.

Airgain Property, Plant and Equipment Chart

Airgain Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.13 2.38 5.48 4.98 3.90

Airgain Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.98 4.71 4.36 4.06 3.90

Airgain Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the companyFixed 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.


Airgain  (NAS:AIRG) 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.


Airgain Property, Plant and Equipment Related Terms

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Airgain (Airgain) Business Description

Industry
Traded in Other Exchanges
Address
3611 Valley Centre Drive, Suite 150, San Diego, CA, USA, 92130
Airgain Inc is engaged in providing antenna technologies. These technologies can be used to enable performance wireless networking across devices and markets which include connected home, enterprise, automotive, and internet of things. It also provides solutions to complex radio frequency, engineering challenges, and improving wireless service that require higher throughput, broad coverage footprint, and carrier-grade quality. Geographically, it derives maximum revenue from North America and also has a presence in China and Rest of the World. The company products include Antenna Plus: Fleet, M2M, IoT Antennas, Carrier-Class Antenna, Embedded Antennas, and External Dipole Antennas.
Executives
Michael Elbaz officer: Chief Financial Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, STE. 150, SAN DIEGO CA 92130
James K Sims director, 10 percent owner 5400 LEGACY DRIVE, H3-3A-05, PLANO TX 75024
Jacob Suen officer: Sr. VP, Worldwide Sales C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
T J Chung director C/O BRUNSWICK CORP, 1 N FIELD COURT, LAKE FOREST IL 60045
Ali Sadri officer: Chief Technology Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Arthur M. Toscanini director C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Morad Sbahi officer: SVP, Global Prod. & Marketing C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Kiva A. Allgood director C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Kevin Thill officer: Sr. VP, Engineering C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
David Lyle officer: Chief Financial Officer 6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Anil Doradla officer: Chief Financial Officer C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Gen3 Capital Partners, Llc 10 percent owner C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Charles A. Myers director, officer: President and CEO C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Francis X Egan director 20 WINTHROP SQUARE, 2ND FLOOR, BOSTON MA 02110
Thomas A Munro director C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130