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Tyro Payments (ASX:TYR) Property, Plant and Equipment : A$72.0 Mil (As of Dec. 2023)


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What is Tyro Payments Property, Plant and Equipment?

Tyro Payments's quarterly net PPE declined from Dec. 2022 (A$74.4 Mil) to Jun. 2023 (A$69.1 Mil) but then increased from Jun. 2023 (A$69.1 Mil) to Dec. 2023 (A$72.0 Mil).

Tyro Payments's annual net PPE increased from Jun. 2021 (A$27.7 Mil) to Jun. 2022 (A$72.6 Mil) but then declined from Jun. 2022 (A$72.6 Mil) to Jun. 2023 (A$69.1 Mil).


Tyro Payments Property, Plant and Equipment Historical Data

The historical data trend for Tyro Payments'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.

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Tyro Payments Property, Plant and Equipment Chart

Tyro Payments Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
Property, Plant and Equipment
26.00 21.79 27.68 72.61 69.13

Tyro Payments Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only 67.87 72.61 74.42 69.13 72.05

Tyro Payments 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.


Tyro Payments  (ASX:TYR) 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.


Tyro Payments Property, Plant and Equipment Related Terms

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Tyro Payments (ASX:TYR) Business Description

Industry
Traded in Other Exchanges
N/A
Address
18/55 Market Street, Sydney, NSW, AUS, 2000
Tyro Payments is an Australian financial technology company engaged in providing routing payments solutions and business banking products to merchants. The firm mainly caters to small to medium-size enterprises in the hospitality, retail and health sectors. It is also expanding its reach into the trade, accommodation and services verticals. Tyro's value propositions include extensive industry-specific solutions, ease of integration with point-of-sale systems, broad acceptance of payment types and a variety of ancillary features. Despite Tyro's historic focus on in-store sales, it is also building up online gateways to facilitate e-commerce transactions and build out a multichannel payment solution. Geographically, it operates only in Australia.

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