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Procyon's quarterly net PPE declined from Dec. 2023 ($0.74 Mil) to Mar. 2024 ($0.67 Mil) and declined from Mar. 2024 ($0.67 Mil) to Jun. 2024 ($0.60 Mil).
Procyon's annual net PPE declined from Jun. 2022 ($0.86 Mil) to Jun. 2023 ($0.81 Mil) and declined from Jun. 2023 ($0.81 Mil) to Jun. 2024 ($0.60 Mil).
The historical data trend for Procyon'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.
Procyon Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial |
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0.48 | 0.99 | 0.86 | 0.81 | 0.60 |
Procyon Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial |
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0.81 | 0.80 | 0.74 | 0.67 | 0.60 |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Procyon (OTCPK:PCYN) 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.
Thank you for viewing the detailed overview of Procyon's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Foundation Speer | 10 percent owner | 2535 SUCCESS DRIVE, ODESSA FL 33556 |
Suggs Fred Wilson Jr | director | 60 FOREST LANE, GREENVILLE SC 29605 |
Steven Mccomas | director | 800 LASTAHOUSE DRIVE, VIDALIA GA 30474 |
Monica Mccullough | director | 1095 55TH TERR SO, SAINT PETERSBURG FL 33705 |
Joseph Raymond Treshler | director | PO BOX 5719, CLEARWATER FL 33758 |
George Otis Borak | officer: Vice President | 3300 COVE CAY DR, UNIT 7D, CLEARWATER FL 33760 |
Lynnda L Speer | 10 percent owner | 2535 SUCCESS DRIVE, ODESSA FL 33556 |
Richard M. Speer | 10 percent owner | 104 WOODMONT BOULEVARD, SUITE 415, NASHVILLE TN 37205 |
Speer Roy M Foundation | 10 percent owner | 2535 SUCCESS DRIVE, ODESSA FL 33556 |
Paul Edward Kudelko | director | 28 WINSTON DR, BELLEAIR FL 33756 |
Justice Wolfe Anderson | director, officer: VP-Sales and Marketing | 1300 S HIGHLAND AVE, CLEARWATER FL 33756 |
Regina Wolfe Anderson | director | 1300 S HIGHLAND AVE, CLEARWATER FL 33756 |
Jeffrey S Slowgrove | director | C/O INFORMATION MANAGEMENT RESOURCES INC, 26750 US HIGHWAY N #500, CLEARWATER FL 34621 |
John C Anderson Trust | 10 percent owner | 440 S GULFVIEW BLVD, APT 1702N, CLEARWATER FL 33767 |
Michael Timothy Foley | director | 2284 KINGS POINT DRIVE, LARGO FL 33774 |
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