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Garden Stage (Garden Stage) Property, Plant and Equipment : $0.05 Mil (As of Sep. 2023)


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What is Garden Stage Property, Plant and Equipment?

Garden Stage's quarterly net PPE declined from Sep. 2022 ($0.13 Mil) to Mar. 2023 ($0.09 Mil) and declined from Mar. 2023 ($0.09 Mil) to Sep. 2023 ($0.05 Mil).

Garden Stage's annual net PPE increased from Mar. 2021 ($0.00 Mil) to Mar. 2022 ($0.15 Mil) but then declined from Mar. 2022 ($0.15 Mil) to Mar. 2023 ($0.09 Mil).


Garden Stage Property, Plant and Equipment Historical Data

The historical data trend for Garden Stage'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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Garden Stage Property, Plant and Equipment Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23
Property, Plant and Equipment
- 0.15 0.09

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Property, Plant and Equipment Get a 7-Day Free Trial - 0.15 0.13 0.09 0.05

Garden Stage 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.


Garden Stage  (NAS:GSIW) 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.


Garden Stage Property, Plant and Equipment Related Terms

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Garden Stage (Garden Stage) Business Description

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Traded in Other Exchanges
N/A
Address
141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.

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