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Rapid Micro Biosystems's quarterly net PPE declined from Sep. 2023 ($19.36 Mil) to Dec. 2023 ($19.07 Mil) and declined from Dec. 2023 ($19.07 Mil) to Mar. 2024 ($18.60 Mil).
Rapid Micro Biosystems's annual net PPE increased from Dec. 2021 ($11.30 Mil) to Dec. 2022 ($20.88 Mil) but then declined from Dec. 2022 ($20.88 Mil) to Dec. 2023 ($19.07 Mil).
The historical data trend for Rapid Micro Biosystems'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.
Rapid Micro Biosystems Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Property, Plant and Equipment | 7.59 | 7.05 | 11.30 | 20.88 | 19.07 |
Rapid Micro Biosystems Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 20.33 | 19.71 | 19.36 | 19.07 | 18.60 |
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.
Rapid Micro Biosystems (NAS:RPID) 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 Rapid Micro Biosystems's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Sean M Wirtjes | officer: Chief Financial Officer | C/O VARIAN, INC., 3120 HANSEN WAY, M/S D-083, PALO ALTO CA 94304-1030 |
Spignesi Robert G. Jr. | director, officer: President and CEO | C/O RAPID MICRO BIOSYSTEMS, INC., 1001 PAWTUCKET BOULEVARD WEST, SUITE 280, LOWELL MA 01854 |
Kirk Malloy | director | 5200 ILLUMINA WAY, SAN DIEGO CA 92122 |
Kennedy Lewis Capital Partners Master Fund Ii Lp | 10 percent owner | 111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120 |
Klm Gp Llc | 10 percent owner | 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004 |
Kennedy Lewis Capital Partners Master Fund Iii Lp | 10 percent owner | 111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120 |
Kennedy Lewis Gp Ii Llc | 10 percent owner | 111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120 |
Kennedy Lewis Gp Iii Llc | 10 percent owner | 111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120 |
Kennedy Lewis Investment Holdings Ii Llc | 10 percent owner | 111 WEST 33RD STREET, SUITE 1910, NEW YORK NY 10120 |
Kennedy Lewis Investment Management Llc | 10 percent owner | 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004 |
Kennedy Lewis Management Lp | 10 percent owner | 225 LIBERTY STREET, SUITE 4210, NEW YORK NY 10281 |
David Chene | 10 percent owner | 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004 |
Darren Richman | 10 percent owner | 80 BROAD STREET, 22ND FLOOR, NEW YORK NY 10004 |
Inese Lowenstein | director | C/O RAPID MICRO BIOSYSTEMS INC, 1001 PAWTUCKET BOULEVARD WEST, SUITE 280, LOWELL MA 01854 |
Richard A Keys | officer: CHIEF COMMERCIAL OFFICER | C/O RAPID MICRO BIOSYSTEMS INC, 1001 PAWTUCKET BOULEVARD, SUITE 280, LOWELL MA 01854 |
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