GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Rana Gruber ASA (OSTO:RANAo) » Definitions » Property, Plant and Equipment

Rana Gruber ASA (OSTO:RANAO) Property, Plant and Equipment : kr1,172 Mil (As of Sep. 2024)


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

What is Rana Gruber ASA Property, Plant and Equipment?

Rana Gruber ASA's quarterly net PPE increased from Mar. 2024 (kr1,048 Mil) to Jun. 2024 (kr1,112 Mil) and increased from Jun. 2024 (kr1,112 Mil) to Sep. 2024 (kr1,172 Mil).

Rana Gruber ASA's annual net PPE increased from Dec. 2021 (kr571 Mil) to Dec. 2022 (kr629 Mil) and increased from Dec. 2022 (kr629 Mil) to Dec. 2023 (kr986 Mil).


Rana Gruber ASA Property, Plant and Equipment Historical Data

The historical data trend for Rana Gruber ASA'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.

Rana Gruber ASA Property, Plant and Equipment Chart

Rana Gruber ASA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial 516.24 596.91 571.47 629.29 985.95

Rana Gruber ASA Quarterly Data
Sep19 Dec19 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 853.01 985.95 1,048.17 1,111.81 1,172.14

Rana Gruber ASA 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.


Rana Gruber ASA  (OSTO:RANAo) 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.


Rana Gruber ASA Property, Plant and Equipment Related Terms

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


Rana Gruber ASA Business Description

Industry
Traded in Other Exchanges
Address
Mjolanveien 29, Mo i Rana, NOR, 8622
Rana Gruber ASA is a sustainable iron ore producer in Norway. It is engaged in the excavating, processing and sale of iron oxide in the form of hematite, magnetite and iron oxide pigments. Hematite is used for iron and steel production in smelting plants in Europe and magnetite is used in industrial water purification processes. The iron ore production takes place at the group's iron ore deposits at Ortfjell as open-pit production and underground operation. It produces and sells iron ore concentrate, and mainly serves steel producers and participants in the chemical industry.The majority of revenue from contracts with customers arise from the sale of hematite products.

Rana Gruber ASA Headlines

No Headlines