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Indie Semiconductor's quarterly net PPE increased from Mar. 2024 ($43.7 Mil) to Jun. 2024 ($48.0 Mil) and increased from Jun. 2024 ($48.0 Mil) to Sep. 2024 ($51.6 Mil).
Indie Semiconductor's annual net PPE increased from Dec. 2021 ($11.1 Mil) to Dec. 2022 ($27.9 Mil) and increased from Dec. 2022 ($27.9 Mil) to Dec. 2023 ($40.8 Mil).
The historical data trend for Indie Semiconductor'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.
Indie Semiconductor Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Property, Plant and Equipment | 2.17 | 11.09 | 27.88 | 40.76 |
Indie Semiconductor Quarterly Data | ||||||||||||||||||
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 | 40.05 | 40.76 | 43.73 | 47.99 | 51.58 |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Indie Semiconductor (NAS:INDI) 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.
Thank you for viewing the detailed overview of Indie Semiconductor's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Donald Mcclymont | director, officer: Chief Executive Officer | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Thomas Schiller | officer: CFO and EVP of Strategy | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Ichiro Aoki | director, officer: President | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Sonalee Elizabeth Parekh | director | 767 FIFTH AVENUE, NEW YORK NY 10153 |
Bal Kanwardev Raja Singh | officer: SVP Chief Accounting Officer | C/O INDIE SEMICONDUCTOR, INC., 32 JOURNEY, ALISO VIEJO CA 92656 |
Diane W. Biagianti | director | C/O GLAUKOS CORPORATION, 229 AVENIDA FABRICANTE, SAN CLEMENTE CA 92672 |
Steven Machuga | officer: Chief Operating Officer | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Scott David Kee | officer: Chief Technology Officer | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Ellen S Bancroft | officer: General Counsel & Secretary | C/O INDIE SEMICONDUCTOR, 32 JOURNEY, ALISO VIEJO CA 92656 |
Peter J Kight | director | 4411 EAST JONES BRIDGE ROAD, NORCROSS GA 30092 |
David J Aldrich | director | 20 SYLVAN ROAD, WOBURN MA 01801 |
Jeffrey J Owens | director | 5725 DELPHI DRIVE, TROY MI 48098 |
Karl-thomas Neumann | director | C/O AEYE TECHNOLOGIES, INC., 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
Diane D Brink | director | C/O BELDEN INC., 1 N. BRENTWOOD BLVD., 15TH FLOOR, SAINT LOUIS MO 63105 |
William Woodward | director | ANTHEM VENTURE PARTNERS, 225 ARIZONA AVENUE, SUITE 200, SANTA MONICA CA 90401 |
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