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Netum Group Oyj (OHEL:NETUM) Property, Plant and Equipment : €0.09 Mil (As of Jun. 2024)


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What is Netum Group Oyj Property, Plant and Equipment?

Netum Group Oyj's quarterly net PPE declined from Jun. 2023 (€0.12 Mil) to Dec. 2023 (€0.09 Mil) but then stayed the same from Dec. 2023 (€0.09 Mil) to Jun. 2024 (€0.09 Mil).

Netum Group Oyj's annual net PPE declined from Dec. 2021 (€0.29 Mil) to Dec. 2022 (€0.16 Mil) and declined from Dec. 2022 (€0.16 Mil) to Dec. 2023 (€0.09 Mil).


Netum Group Oyj Property, Plant and Equipment Historical Data

The historical data trend for Netum Group Oyj'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.

Netum Group Oyj Property, Plant and Equipment Chart

Netum Group Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial 0.20 0.20 0.29 0.16 0.09

Netum Group Oyj Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Property, Plant and Equipment Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.25 0.16 0.12 0.09 0.09

Netum Group Oyj 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.


Netum Group Oyj  (OHEL:NETUM) 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.


Netum Group Oyj Property, Plant and Equipment Related Terms

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Netum Group Oyj Business Description

Industry
Traded in Other Exchanges
N/A
Address
Yliopistonkatu 58 B, Tampere, FIN, 33100
Netum Group Oyj is a fast-growing information technology service house. The company serves public administration and corporate customers with the legacy of digi concept, which combines existing traditional information technology solutions with the latest digital applications. Netum's services include digital services development, system continuity services, data and analysis services, integration services, cyber security services, and management consulting services.

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