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VNET (VNET Group) Other Gross PPE : $2,765 Mil (As of Sep. 2024)


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What is VNET Group Other Gross PPE?

VNET Group's Other Gross PPE for the quarter that ended in Sep. 2024 was $2,765 Mil.

VNET Group's quarterly Other Gross PPE increased from Mar. 2024 ($2,475 Mil) to Jun. 2024 ($2,573 Mil) and increased from Jun. 2024 ($2,573 Mil) to Sep. 2024 ($2,765 Mil).

VNET Group's annual Other Gross PPE increased from Dec. 2021 ($1,271 Mil) to Dec. 2022 ($1,535 Mil) and increased from Dec. 2022 ($1,535 Mil) to Dec. 2023 ($1,772 Mil).

VNET Group Other Gross PPE Historical Data

The historical data trend for VNET Group's Other Gross PPE 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.

VNET Group Other Gross PPE Chart

VNET Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Other Gross PPE
Get a 7-Day Free Trial Premium Member Only Premium Member Only 530.78 854.76 1,270.68 1,535.09 1,771.56

VNET Group Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Other Gross PPE 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 2,333.76 1,771.56 2,474.68 2,572.90 2,765.13

VNET Group Other Gross PPE Calculation

GuruFocus lists Land And Improvements, Buildings And Improvements, Machinery, Furniture, Equipment, Construction In Progress and Other Gross PPE under the "Gross Property, Plant and Equipment" section.

VNET Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » VNET Group Inc (NAS:VNET) » Definitions » Other Gross PPE
Comparable Companies
CTLP DMRC HCKT IBEX CNDT INOD III BBAI UIS NOTE ACN NSE:TCS IBM NSE:INFY FI NSE:HCLTECH CTSH XPAR:CAP FIS CDW
Traded in Other Exchanges
217A:Germany
Address
No. 10 Jiuxianqiao East Road, Guanjie Building Southeast 1st Floor, Chaoyang District, Beijing, CHN, 100016
Website
https://www.vnet.com
VNET started as AsiaCloud in 1999 and moved to the data center business with its first self-developed data center opening in 2010. The firm listed (as 21Vianet) on the Nasdaq in April 2011, subsequently changing its name to VNET Group in 2021. It originally focused on providing data center services such as colocation and cloud services to retail clients in China, but added hyperscale customers in 2019 and now counts large Chinese hyperscalers such as Alibaba Cloud, Tencent Cloud, and Huawei Cloud as customers. At the end of June 2024, it had 48,516 self-built retail cabinets with the majority in Beijing, Shanghai, and the Greater Bay area. It also had 358 MW of wholesale capacity in service with a further 297 MW under construction and a further 489 MW held for future development.