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Dexus (ASX:DXS) Property, Plant and Equipment : A$91.9 Mil (As of Jun. 2024)


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What is Dexus Property, Plant and Equipment?

Dexus's quarterly net PPE increased from Jun. 2023 (A$17.8 Mil) to Dec. 2023 (A$101.7 Mil) but then declined from Dec. 2023 (A$101.7 Mil) to Jun. 2024 (A$91.9 Mil).

Dexus's annual net PPE declined from Jun. 2022 (A$28.6 Mil) to Jun. 2023 (A$17.8 Mil) but then increased from Jun. 2023 (A$17.8 Mil) to Jun. 2024 (A$91.9 Mil).


Dexus Property, Plant and Equipment Historical Data

The historical data trend for Dexus'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.

Dexus Property, Plant and Equipment Chart

Dexus Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.80 23.70 28.60 17.80 91.90

Dexus Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 28.60 26.10 17.80 101.70 91.90

Dexus 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.


Dexus  (ASX:DXS) 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.


Dexus Property, Plant and Equipment Related Terms

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Dexus Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Dexus (ASX:DXS) » Definitions » Property, Plant and Equipment
Traded in Other Exchanges
Address
Level 30, 50 Bridge Street, Sydney, NSW, AUS, 2000
Dexus has ownership interest in, manages, and develops a portfolio of office and industrial assets, about half located in Sydney. The office portfolio contributes nearly two-thirds of group earnings and industrial assets account for about 15%. Dexus also manages third-party assets and has a funds management platform with AUD 40 billion funds under management as of June 30, 2024, spanning office, industrial, retail, healthcare, infrastructure, and their adjacent sectors. The REIT has stakes in many of the pooled funds, earning distribution income. Management is internalized, in contrast to some of its peers.

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