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Richard Pierismpany (COL:RICH.N0000) Property, Plant and Equipment : රු30,563 Mil (As of Sep. 2024)


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What is Richard Pierismpany Property, Plant and Equipment?

Richard Pierismpany's quarterly net PPE increased from Mar. 2024 (රු30,421 Mil) to Jun. 2024 (රු30,589 Mil) but then declined from Jun. 2024 (රු30,589 Mil) to Sep. 2024 (රු30,563 Mil).

Richard Pierismpany's annual net PPE increased from Mar. 2022 (රු27,824 Mil) to Mar. 2023 (රු29,135 Mil) and increased from Mar. 2023 (රු29,135 Mil) to Mar. 2024 (රු30,421 Mil).


Richard Pierismpany Property, Plant and Equipment Historical Data

The historical data trend for Richard Pierismpany'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.

Richard Pierismpany Property, Plant and Equipment Chart

Richard Pierismpany Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25,766.71 25,605.86 27,824.49 29,135.18 30,420.68

Richard Pierismpany Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 29,041.08 29,607.28 30,420.68 30,589.41 30,562.56

Richard Pierismpany 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.


Richard Pierismpany  (COL:RICH.N0000) 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.


Richard Pierismpany Property, Plant and Equipment Related Terms

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Richard Pierismpany Business Description

Traded in Other Exchanges
N/A
Address
Number 310, High Level Road, Nawinna, Maharagama, LKA
Richard Pieris & Company PLC is a conglomerate that operates in various sectors including Rubber, Tyre, Plastic and furniture, Retail, Financial and Other Services, and Plantations. The company derives the majority of the revenue from a Retail segment that is involved in the sale of fast moving consumer goods, household goods, furniture and electronic goods and provides value-added services, such as bank service points, ATMs, credit card and mobile bill payment facilities. It operates a chain of Arpico Supercentres/Superstores, showrooms, and Arpico Daily Outlets. Geographically, it derives a majority of revenue from Sri Lanka.

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