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BM Technologies (BM Technologies) Property, Plant and Equipment : $0.54 Mil (As of Dec. 2023)


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What is BM Technologies Property, Plant and Equipment?

BM Technologies's quarterly net PPE increased from Jun. 2023 ($0.53 Mil) to Sep. 2023 ($0.53 Mil) and increased from Sep. 2023 ($0.53 Mil) to Dec. 2023 ($0.54 Mil).

BM Technologies's annual net PPE increased from Dec. 2021 ($0.35 Mil) to Dec. 2022 ($0.51 Mil) and increased from Dec. 2022 ($0.51 Mil) to Dec. 2023 ($0.54 Mil).


BM Technologies Property, Plant and Equipment Historical Data

The historical data trend for BM Technologies'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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BM Technologies Property, Plant and Equipment Chart

BM Technologies Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
- 0.40 0.35 0.51 0.54

BM Technologies Quarterly Data
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 0.51 0.53 0.53 0.53 0.54

BM Technologies 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.


BM Technologies  (AMEX:BMTX) 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.


BM Technologies Property, Plant and Equipment Related Terms

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BM Technologies (BM Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
201 King of Prussia Road, Suite 350, Wayne, PA, USA, 19087
BM Technologies Inc provides digital banking and disbursement services to consumers and students nationwide through a full service fintech banking platform, accessible to customers anywhere and anytime through digital channels. It facilitates deposits and banking services between a customer and its Partner Bank, Customers Bank, which is a related party and is a Federal Deposit Insurance Corporation (FDIC) insured bank. Tje company has four primary revenue sources: interchange and card revenue, servicing fees, account fees, and university fees. The majority of revenues are driven by customer activity (deposits, spend, transactions, etc.) and may be paid or passed through by Customers Bank, universities, or paid directly by customers.
Executives
Michael Richard Pavone director 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Rajinder Singh director C/O BM TECHNOLOGIES, INC., 201 KING OF PRUSSIA ROAD, SUITE 650, WAYNE PA 19087
Warren Taylor officer: Executive Vice President 1015 PENN AVENUE, SUITE 103, WYOMISSING PA 19610
John J Dolan director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
James Francis Dullinger officer: Chief Accounting Officer C/O IOTA COMMUNICATIONS, INC., 645 HAMILTON STREET, SUITE 400, ALLENTOWN PA 18101
James M. Donahue officer: Chief Technology Officer 201 KING OF PRUSSIA ROAD, SUITE 350, C/O BM TECHNOLOGIES, INC., WAYNE PA 19087
Aaron Hodari director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Andrew J. Dunklau officer: President and Secretary 1345 AVENUE OF THE AMERICAS 11TH FL, NEW YORK NY 10105
Schechter Private Capital, Llc 10 percent owner 251 PIERCE STREET, BIRMINGHAM MI 48009
Pankaj Dinodia director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert H Ramsey officer: Chief Financial Officer 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Marcy Schwab director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Brent Hurley director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Robert Diegel officer: Chief Operating Officer 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087
Mike Gill director 201 KING OF PRUSSIA ROAD, SUITE 350, WAYNE PA 19087

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