GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » United Gulf Investment Corp BSC (BAH:UGIC) » Definitions » Property, Plant and Equipment

United Gulf Investment BSC (BAH:UGIC) Property, Plant and Equipment : BHD28.48 Mil (As of Mar. 2024)


View and export this data going back to 1991. Start your Free Trial

What is United Gulf Investment BSC Property, Plant and Equipment?

United Gulf Investment BSC's quarterly net PPE increased from Sep. 2023 (BHD28.25 Mil) to Dec. 2023 (BHD29.05 Mil) but then declined from Dec. 2023 (BHD29.05 Mil) to Mar. 2024 (BHD28.48 Mil).

United Gulf Investment BSC's annual net PPE declined from Dec. 2021 (BHD32.29 Mil) to Dec. 2022 (BHD29.99 Mil) and declined from Dec. 2022 (BHD29.99 Mil) to Dec. 2023 (BHD29.05 Mil).


United Gulf Investment BSC Property, Plant and Equipment Historical Data

The historical data trend for United Gulf Investment BSC'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.

United Gulf Investment BSC Property, Plant and Equipment Chart

United Gulf Investment BSC 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 35.72 34.38 32.29 29.99 29.05

United Gulf Investment BSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 29.35 28.77 28.25 29.05 28.48

United Gulf Investment BSC 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.


United Gulf Investment BSC  (BAH:UGIC) 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.


United Gulf Investment BSC Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of United Gulf Investment BSC's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


United Gulf Investment BSC (BAH:UGIC) Business Description

Traded in Other Exchanges
N/A
Address
Road 2832, Block 428, P.O. Box 10177, Almoayyed Tower, Office 3202, Building 2504, Al-Seef District, Manama, BHR
United Gulf Investment Corp BSC is engaged in property leasing, buying, and selling of properties for the company, third-grade industrial maintenance works, and investment in local industrial projects. The company's investment objective includes developing and promoting industrial, chemical, and energy-related projects, in the Gulf region, identifying and investing in direct investment opportunities and investing in listed stocks and other financial instruments. Its operating segment includes Smelting and Investment activities. The company generates maximum revenue from the Smelting segment. the company has two geographical segments; the Kingdom of Bahrain and the Kingdom of Saudi Arabia.

United Gulf Investment BSC (BAH:UGIC) Headlines