GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Blockmate Ventures Inc (OTCPK:MATEF) » Definitions » Property, Plant and Equipment

MATEF (Blockmate Ventures) Property, Plant and Equipment : $0.00 Mil (As of Sep. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Blockmate Ventures Property, Plant and Equipment?

Blockmate Ventures's quarterly net PPE declined from Mar. 2024 ($0.14 Mil) to Jun. 2024 ($0.00 Mil) but then stayed the same from Jun. 2024 ($0.00 Mil) to Sep. 2024 ($0.00 Mil).

Blockmate Ventures's annual net PPE declined from Jun. 2022 ($0.02 Mil) to Jun. 2023 ($0.00 Mil) but then increased from Jun. 2023 ($0.00 Mil) to Jun. 2024 ($0.00 Mil).


Blockmate Ventures Property, Plant and Equipment Historical Data

The historical data trend for Blockmate Ventures'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.

Blockmate Ventures Property, Plant and Equipment Chart

Blockmate Ventures Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.02 - -

Blockmate Ventures 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 - 0.14 0.14 - -

Blockmate Ventures 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.


Blockmate Ventures  (OTCPK:MATEF) 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.


Blockmate Ventures Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Blockmate Ventures's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Blockmate Ventures Business Description

Traded in Other Exchanges
Address
505 Kootenay Street, Nelson, BC, CAN, V1L 1K9
Blockmate Ventures Inc is a Web3 incubator/venture creator focusing on clean energy and blockchain technology and decentralization businesses to provide greater utility, accessibility, and sustainability around everyday services.

Blockmate Ventures Headlines

From GuruFocus

Blockmate Ventures Announces Webinar

By Marketwired 10-27-2023

Midpoint to Acquire Blockchain Technology Company

By GlobeNewswire GlobeNewswire 12-14-2021

Blockmate Ventures Announces Private Placement Capital Raising

By sperokesalga sperokesalga 06-02-2023

Blockmate Ventures to Divest Midpoint Business

By Marketwired 09-22-2023

Blockmate Ventures Announces Webinar

By GlobeNewswire 10-27-2023

Midpoint Launches CAD, USD and Euro Virtual Accounts

By GlobeNewswire GlobeNewswire 12-14-2021