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United Natural Foods (United Natural Foods) Gross Property, Plant and Equipment : $3,196 Mil (As of Jan. 2024)


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What is United Natural Foods Gross Property, Plant and Equipment?

United Natural Foods's quarterly gross PPE declined from Jul. 2023 ($4,242 Mil) to Oct. 2023 ($2,962 Mil) but then increased from Oct. 2023 ($2,962 Mil) to Jan. 2024 ($3,196 Mil).

United Natural Foods's annual gross PPE increased from Jul. 2021 ($3,802 Mil) to Jul. 2022 ($3,946 Mil) and increased from Jul. 2022 ($3,946 Mil) to Jul. 2023 ($4,242 Mil).


United Natural Foods Gross Property, Plant and Equipment Historical Data

The historical data trend for United Natural Foods's Gross 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.

United Natural Foods Gross Property, Plant and Equipment Chart

United Natural Foods Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,540.26 3,495.00 3,802.00 3,946.00 4,242.00

United Natural Foods Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Gross 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 2,937.00 2,971.00 4,242.00 2,962.00 3,196.00

United Natural Foods Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed 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.


United Natural Foods  (NYSE:UNFI) Gross 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.


United Natural Foods Gross Property, Plant and Equipment Related Terms

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United Natural Foods (United Natural Foods) Business Description

Traded in Other Exchanges
Address
313 Iron Horse Way, Providence, RI, USA, 02908
United Natural Foods Inc is a wholesale distributor of natural, organic and specialty foods and nonfood products across North America. The company's products consist of national, regional and private label brands grouped into grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items. United Natural Foods serves various retail formats including conventional supermarket chains, natural product superstores, independent retail operators and foodservice channels such as e-commerce platforms. The company's operations are comprised of principal divisions: the wholesale division; the retail division; and other.
Executives
Andre Persaud officer: President and CEO, Retail 30 HUNTER LANE, CAMP HILL PA 17011
Bates Ann Torre director 300 CONTINENTAL DRIVE, NEWARK DE 19713
John W Howard officer: Interim CFO 313 IRON HORSE WAY, PROVIDENCE RI 02908
Douglas J Alexander Jr director, officer: Chief Executive Officer 3925 BROOKSIDE PARKWAY, ALPHARETTA GA 30022
Lynn S. Blake director 250 WEST 34TH STREET, 3RD FLOOR, C/O WISDOMTREE INVESTMENTS, INC., NEW YORK NY 10119
James M Loree director 1000 STANLEY DRIVE, NEW BRITAIN CT 06053
James C Pappas director 1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Erin Horvath officer: COO 313 IRON HORSE WAY, C/O IRON HORSE WAY, PROVIDENCE RI 02908
Danielle Benedict officer: SVP, Human Resources 313 IRON HORSE WAY, PROVIDENCE RI 02908
Christopher P. Testa officer: President, Blue Marble Brands C/O UNITED NATURAL FOODS, INC., 313 IRON HORSE WAY, PROVIDENCE RI 02908
Richard Eric Esper officer: Chief Accounting Officer 8501 WILLIAMS ROAD, ESTERO FL 33928
Mahrukh Hussain officer: General Counsel and Corp. Sec. 313 IRON HORSE WAY, PROVIDENCE RI 02908
Louis Anthony Martin officer: CSTO 313 IRON HORSE WAY, PROVIDENCE RI 02908
Matthew T Echols officer: CCAO 313 IRON HORSE WAY, PROVIDENCE RI 02908
Mohammad Shamim director 12800 TUCKAHOE CREEK PARKWAY, RICHMOND VA 23238

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