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UGRO (Urban-gro) Property, Plant and Equipment : $3.17 Mil (As of Mar. 2024)


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What is Urban-gro Property, Plant and Equipment?

Urban-gro's quarterly net PPE declined from Sep. 2023 ($3.59 Mil) to Dec. 2023 ($3.46 Mil) and declined from Dec. 2023 ($3.46 Mil) to Mar. 2024 ($3.17 Mil).

Urban-gro's annual net PPE increased from Dec. 2021 ($0.90 Mil) to Dec. 2022 ($3.93 Mil) but then declined from Dec. 2022 ($3.93 Mil) to Dec. 2023 ($3.46 Mil).


Urban-gro Property, Plant and Equipment Historical Data

The historical data trend for Urban-gro'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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Urban-gro Property, Plant and Equipment Chart

Urban-gro Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial 0.38 0.22 0.90 3.93 3.46

Urban-gro Quarterly Data
Jun19 Sep19 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 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 3.91 3.73 3.59 3.46 3.17

Urban-gro 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.


Urban-gro  (NAS:UGRO) 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.


Urban-gro Property, Plant and Equipment Related Terms

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Urban-gro Business Description

Traded in Other Exchanges
Address
1751 Panorama Point, Unit G, Lafayette, CO, USA, 80026
Urban-gro Inc is an integrated professional services and construction design-build firm. Its business focuses predominantly on providing fee-based knowledge-based services as well as the value-added reselling of equipment. The company offers value-added architectural, engineering, systems procurement and integration, and construction design-build solutions to customers operating in the controlled environment agriculture (CEA) and industrial and other commercial (Commercial) sectors. It derives revenue predominately from the sale of equipment systems, services, construction design-build, and other various immaterial contracts with customers.
Executives
Lewis Wilks director 555 SEVENTEENTH STREET, 7TH FLOOR, DENVER CO 80202
Bradley John Nattrass director, officer: Chief Executive Officer 5115 FOXGLOVE TRAIL, BROOMFIELD CO 80023
Jason T Archer officer: Chief Operating Officer 883 CARBONATE LANE, ERIE CO 80516
Jim Dennedy director, officer: President and COO 5269 W. 62ND AVENUE, ARVADA CO 80003
Sonia Lo director 1751 PANORAMA POINT, UNIT G, LAFAYETTE CO 80026
Anita D Britt director 3000 NW 107TH AVENUE, MIAMI FL 33172
David Hsu director 1751 PANORAMA POINT, SUITE G, LAFAYETTE CO 80026
James Robert Lowe director 5132 QUITMAN STREET, DENVER CO 80212
Richard Alan Akright officer: Interim CFO 6549 S. BLACKHAWK WAY, AURORA CO 80016
Lance Galey director 3940 CHIPPEWA DR, BOULDER CO 80303
James H. Dennedy director 61 ROYAL BIRKDALE, SPRINGBORO OH 45066
George R Pullar director 1750 PANORAMA POINT, UNIT 6, LAYFETTE CO 80026
Gutierrez Arias De La Parra Octavio director, officer: Secretary 2537 PROSPECT COURT, BROOMFIELD CO 80023