Latch (LTCH) Property, Plant and Equipment: $2.76 Mil (As of Mar. 2022)

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LTCH Latch Inc LTCH
19 GF Score
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What is Latch Property, Plant and Equipment?

Latch LTCH -20.75% 19 Property, Plant and Equipment is $2.76 Mil as of Mar. 2022. GuruFocus rates LTCH with a GF Score™ of 19/100.

Latch's quarterly net PPE increased from Sep. 2021 ($1.65 Mil) to Dec. 2021 ($2.04 Mil) and increased from Dec. 2021 ($2.04 Mil) to Mar. 2022 ($2.76 Mil).

Latch's annual net PPE increased from Dec. 2019 ($0.00 Mil) to Dec. 2020 ($0.75 Mil) and increased from Dec. 2020 ($0.75 Mil) to Dec. 2021 ($2.04 Mil).

Latch  (OTCPK:LTCH) 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.

Latch Property, Plant and Equipment Related Terms

Latch Property, Plant and Equipment Historical Data

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The historical data trend for Latch'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.

Latch Property, Plant and Equipment Chart

Latch Annual Data
Trend Dec19 Dec20 Dec21
Property, Plant and Equipment
0.00 0.75 2.04

Latch Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Property, Plant and Equipment Get a 7-Day Free Trial 0.00 1.16 1.65 2.04 2.76
LTCH
19GF Score
Latch Inc LTCH
Property, Plant and Equipment is just one metric. See GF Score™, valuation, warning signs, and more.
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Latch 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 $2.76 Mil mean?
Latch (LTCH) has a Property, Plant and Equipment of $2.76 Mil as of Mar. 2022. The total property, plant and equipment recorded on a company's balance sheet less accumulated depreciation. View historical data on Latch and its competitors.
Is Latch's Property, Plant and Equipment too high?
Latch's current Property, Plant and Equipment is $2.76 Mil. Overall, Latch has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Latch's Property, Plant and Equipment compare to AVYA and BNFT?
Latch's Property, Plant and Equipment of $2.76 Mil can be compared against companies in the Software 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 a Software company?
A good Property, Plant and Equipment depends on the Software 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 Latch and its competitors. Latch's current Property, Plant and Equipment is $2.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Latch stock overvalued right now?
Latch (LTCH) has a current Property, Plant and Equipment of $2.76 Mil. The current Property, Plant and Equipment is $2.76 Mil. Latch's overall GF Score™ is 19/100. 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 Latch (LTCH), the current Property, Plant and Equipment is $2.76 Mil as of Mar. 2022. 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.

Latch Business Description

Address 1220 North Price Road, Suite 2, Olivette, MO, USA, 63132
Latch Inc is a technology company delivering an integrated ecosystem of hardware, software and services designed to enhance operations and experiences within buildings, serving the multifamily rental market. Its core offering is built around a proprietary, cloud-based software-as-a-service (SaaS) platform (the DOOR Platform) that powers and manages the suite of smart access control devices (including locks, readers and intercoms) and smart home devices and integrates with other connected devices within a building. The company generates the majority of revenue revenue through the license of its SaaS over the cloud-based platform on a subscription-based arrangement. Geographically, the company operates in single segment being USA.
19GF Score

Get the complete analysis for LTCH

Property, Plant and Equipment is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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