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Olympia Financial Group (TSX:OLY) Property, Plant and Equipment : C$0.9 Mil (As of Dec. 2024)


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What is Olympia Financial Group Property, Plant and Equipment?

Olympia Financial Group's quarterly net PPE declined from Jun. 2024 (C$1.0 Mil) to Sep. 2024 (C$0.9 Mil) and declined from Sep. 2024 (C$0.9 Mil) to Dec. 2024 (C$0.9 Mil).

Olympia Financial Group's annual net PPE declined from Dec. 2022 (C$1.5 Mil) to Dec. 2023 (C$1.2 Mil) and declined from Dec. 2023 (C$1.2 Mil) to Dec. 2024 (C$0.9 Mil).


Olympia Financial Group Property, Plant and Equipment Historical Data

The historical data trend for Olympia Financial Group'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.

Olympia Financial Group Property, Plant and Equipment Chart

Olympia Financial Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.34 1.53 1.51 1.23 0.87

Olympia Financial Group Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 1.23 1.10 1.00 0.89 0.87

Olympia Financial Group 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.


Olympia Financial Group  (TSX:OLY) 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.


Olympia Financial Group Property, Plant and Equipment Related Terms

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Olympia Financial Group Business Description

Traded in Other Exchanges
Address
4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3
Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.
Executives
Rick Skauge 10% Security Holder, Director, Senior Officer
Anthony Lanzl Director
Paul Kelly Director
Dean Naugler Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Antony Balasubramanian Director
Gerardus Adrianus Janssen Director
Philip Alan Du Heaume Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Brian Ross Newman Director
John Ryan Mckenna Senior Officer
Gerhard Stephanus Barnard Senior Officer
Stephen William Preston Senior Officer
Brenda Eprile Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Diana M Wolfe Director
Derick Dan Kachuik Senior Officer

Olympia Financial Group Headlines

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