GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tumi Holdings Inc (NYSE:TUMI) » Definitions » Property, Plant and Equipment

Tumi Holdings (Tumi Holdings) Property, Plant and Equipment : $88.4 Mil (As of Jun. 2016)


View and export this data going back to 2012. Start your Free Trial

What is Tumi Holdings Property, Plant and Equipment?

Tumi Holdings's quarterly net PPE increased from Dec. 2015 ($83.5 Mil) to Mar. 2016 ($86.6 Mil) and increased from Mar. 2016 ($86.6 Mil) to Jun. 2016 ($88.4 Mil).

Tumi Holdings's annual net PPE increased from Dec. 2013 ($60.9 Mil) to Dec. 2014 ($79.1 Mil) and increased from Dec. 2014 ($79.1 Mil) to Dec. 2015 ($83.5 Mil).


Tumi Holdings Property, Plant and Equipment Historical Data

The historical data trend for Tumi Holdings'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.

Tumi Holdings Property, Plant and Equipment Chart

Tumi Holdings Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15
Property, Plant and Equipment
Get a 7-Day Free Trial 36.50 47.00 60.87 79.07 83.50

Tumi Holdings Quarterly Data
Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 79.29 81.98 83.50 86.59 88.41

Tumi Holdings 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.


Tumi Holdings  (NYSE:TUMI) 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.


Tumi Holdings Property, Plant and Equipment Related Terms

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


Tumi Holdings (Tumi Holdings) Business Description

Traded in Other Exchanges
N/A
Address
Tumi Holdings Inc was incorporated in September 2004 in Delaware in connection with the acquisition. In 2004, Company was acquired by Doughty Hanson. Company is a designer, producer and marketer of a comprehensive line of travel and business products and accessories in multiple categories. The Company's product offerings include travel bags, business cases, totes, handbags, business and travel accessories and small leather goods. It design and market its products to, sophisticated professionals, frequent travelers and brand-conscious individuals. Company have significant and loyal consumer base with its typical consumer owning multiple Tumi products. As of December 31, 2013, Company distributed its products in over 75 countries through approximately 1,900 points of distribution. It utilizes multiple channels, including retail, wholesale and e-commerce. Its retail stores represent its core approach to brand-enhancing distribution, with locations in premium retail venues throughout the world including New York, Beverly Hills, San Francisco, Chicago, Paris, London, Rome, Tokyo, Munich, Moscow, Milan and Barcelona. In April 2012, the Company completed its IPO. Company evaluates its operating performance based on net sales and operating income in four operating segments: Direct-to-Consumer North America; Indirect-to-Consumer North America; Direct-to-Consumer International; and Indirect-to-Consumer International. In Direct-to-Consumer North America, Company sold its products directly to consumers through a network of 114 company-owned retail stores consisting of full-price stores and outlet stores strategically positioned in high-end retail malls or street venues and also through its e-commerce website. Indirect-to-Consumer North America, it sold to wholesale customers in North America through approximately 800 doors, including specialty luggage retailers, prestige department stores and business-to-business channels. Direct-to-Consumer International, it sold directly to consumers through a network of 16 company-owned full-price and outlet stores in high-end street venues and select malls in international locations. Indirect-to-Consumer International, it sold its products to international wholesale customers through approximately 1,000 doors, approximately 55% of which are in the EMEA region, 40% of which are in the Asia-Pacific region, and 5% of which are in Central and South America. Raw materials include, among others, ballistic nylon fabric, plastic injected molded parts, nylon and stainless steel zipper systems, aluminum handle tubing systems, leather, polycarbonate sheeting materials, high quality waxed linen, high quality textiles and other high tensile strength materials used in the construction of its products. Company's competitors include, Rimowa, Bally, Burberry, Dunhill, Ferragamo, Gucci, Louis Vuitton, Montblanc, Porsche, among others. Company's proprietary designs are protected by over 200 design or mechanical patents. Ma
Executives
Alex Smith director PIER 1 IMPORTS, INC, 100 PIER 1 PLACE, FORT WORTH TX 76102
Peter L Gray officer: EVP and General Counsel C/O TUMI HOLDINGS INC, 1001 DURHAM AVE, SOUTH PLAINFIELD NJ 07080
Jerome Griffith director, officer: CEO and President C/O TUMI, INC., 1001 DURHAM AVENUE, SOUTH PLAINFIELD NJ 07080
Michael J Mardy director, officer: CFO and EVP
David Riley officer: CAO and SVP, Finance 1100 WINTER STREET, SUITE 4600, WALTHAM MA 02451
Thomas H Johnson director 9201 FOREST HILL AVENUE, RICHMOND VA 23235
Joseph R Gromek director C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021

Tumi Holdings (Tumi Holdings) Headlines

From GuruFocus

Baron Funds Comments on Tumi Holdings Inc.

By Holly LaFon Holly LaFon 11-21-2013

Baron Funds Comments on Tumi Holdings

By Holly LaFon Holly LaFon 08-23-2012

Why Tumi Holdings is Worth a Buy

By Sangita Khatri Sangita Khatri 05-27-2015