Max Petroleum (LSE:MXP) Property, Plant and Equipment: £78.42 Mil (As of Sep. 2014)


What is Max Petroleum Property, Plant and Equipment?

Max Petroleum LSE:MXP Property, Plant and Equipment is £78.42 Mil as of Sep. 2014. The stock has 6 warning signs investors should review.

Max Petroleum's quarterly net PPE declined from Sep. 2013 (£73.86 Mil) to Mar. 2014 (£15.30 Mil) but then increased from Mar. 2014 (£15.30 Mil) to Sep. 2014 (£78.42 Mil).

Max Petroleum's annual net PPE increased from Mar. 2012 (£9.36 Mil) to Mar. 2013 (£12.57 Mil) and increased from Mar. 2013 (£12.57 Mil) to Mar. 2014 (£15.30 Mil).

Max Petroleum  (LSE:MXP) 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.

Max Petroleum Property, Plant and Equipment Related Terms

Max Petroleum Property, Plant and Equipment Historical Data

* Premium members only.

The historical data trend for Max Petroleum'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.

Max Petroleum Property, Plant and Equipment Chart

Max Petroleum Annual Data
Trend Mar06 Mar07 Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only 25.38 23.67 9.36 12.57 15.30

Max Petroleum Semi-Annual Data
Sep06 Mar07 Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14
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 56.37 12.57 73.86 15.30 78.42

Max Petroleum 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.

What does a Property, Plant and Equipment of £78.42 Mil mean?
Max Petroleum (LSE:MXP) has a Property, Plant and Equipment of £78.42 Mil as of Sep. 2014. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Max Petroleum and its competitors.
Is Max Petroleum's Property, Plant and Equipment too high?
Max Petroleum's current Property, Plant and Equipment is £78.42 Mil.
How does Max Petroleum's Property, Plant and Equipment compare to competitors?
Max Petroleum's Property, Plant and Equipment of £78.42 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Property, Plant and Equipment for an Oil & Gas company?
A good Property, Plant and Equipment depends on the Oil & Gas industry context. However, Property, Plant and Equipment should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Property, Plant and Equipment mean?
A high Property, Plant and Equipment can signal that a stock is expensive relative to its fundamentals. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Max Petroleum and its competitors. Max Petroleum's current Property, Plant and Equipment is £78.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Petroleum stock overvalued right now?
Max Petroleum (LSE:MXP) has a current Property, Plant and Equipment of £78.42 Mil. The current Property, Plant and Equipment is £78.42 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Property, Plant and Equipment calculated?
Property, Plant and Equipment is calculated from a company's financial statements. For Max Petroleum (LSE:MXP), the current Property, Plant and Equipment is £78.42 Mil as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Max Petroleum Business Description

Industry EnergyOil & Gas
Address 4th Floor, Ergon House, Dean Bradley Street, London, GBR, SW1P 2AL
Max Petroleum Plc is an independent oil and gas exploration and production company. The company is engaged in the business of exploration, development, and production of oil and gas assets within the Republic of Kazakhstan. The group owns the exploration and production rights to the Blocks A&E License, which comprises two onshore blocks extending over 12,455 km2 in the Pre-Caspian Basin in Western Kazakhstan.