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Renewable Innovations (Renewable Innovations) Property, Plant and Equipment : $6.60 Mil (As of Feb. 2023)


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What is Renewable Innovations Property, Plant and Equipment?

Renewable Innovations's quarterly net PPE increased from Aug. 2022 ($0.00 Mil) to Nov. 2022 ($6.80 Mil) but then declined from Nov. 2022 ($6.80 Mil) to Feb. 2023 ($6.60 Mil).

Renewable Innovations's annual net PPE increased from Nov. 2020 ($0.00 Mil) to Nov. 2021 ($5.32 Mil) and increased from Nov. 2021 ($5.32 Mil) to Nov. 2022 ($6.80 Mil).


Renewable Innovations Property, Plant and Equipment Historical Data

The historical data trend for Renewable Innovations'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.

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Renewable Innovations Property, Plant and Equipment Chart

Renewable Innovations Annual Data
Trend Nov20 Nov21 Nov22
Property, Plant and Equipment
- 5.32 6.80

Renewable Innovations Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23
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 - - - 6.80 6.60

Renewable Innovations 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.


Renewable Innovations  (OTCPK:REII) 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.


Renewable Innovations Property, Plant and Equipment Related Terms

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Renewable Innovations (Renewable Innovations) Business Description

Traded in Other Exchanges
N/A
Address
588 West 400 South, Suite 110, Lindon, UT, USA, 84042
Renewable Innovations Inc is a clean, hydrogen fuel cell energy systems company. It imagines, designs, and builds hydrogen-powered systems to bring green, clean solutions across industries, particularly the EV charging market. It offers Hydrogen Fuel Cell (HFC) scalable backup and primary power systems; Mobile and transportable HFC-powered EV Rapid Charge systems for the Electric Vehicle market to help close the Grid Gap, hydrogen transport and refueling vehicle, and Greenhouse Grids to power communities.
Executives
Lynn Bagley Barney director, 10 percent owner, officer: CFO, Sec, Director 1851 FAIRWAY LANE, DRAPER UT 84020
Robert L. Mount director, 10 percent owner, officer: CEO, Pres, Director 752 N. MERIDIAN DRIVE, SARATOGA SPRINGS UT 84045
William Donald Mcleod director, officer: President 129 COUNTRY PLACE COURT, COLUMBIA SC 29212
Thomas Michael Grbelja officer: Treasurer and Secretary 151 BIRCH ROAD, FRANKLIN LAKES NJ 07417
Alex Aliksanyan director, officer: Chief Executive Officer C/O NEXT 1 INTERACTIVE, INC., 2690 WESTON ROAD, SUITE 200, WESTON FL 33331