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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Gross Property, Plant and Equipment : $0.16 Mil (As of Dec. 2023)


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What is AgriFORCE Growing Systems Gross Property, Plant and Equipment?

AgriFORCE Growing Systems's quarterly gross PPE declined from Jun. 2023 ($3.68 Mil) to Sep. 2023 ($3.56 Mil) and declined from Sep. 2023 ($3.56 Mil) to Dec. 2023 ($0.16 Mil).

AgriFORCE Growing Systems's annual gross PPE increased from Dec. 2021 ($2.14 Mil) to Dec. 2022 ($3.80 Mil) but then declined from Dec. 2022 ($3.80 Mil) to Dec. 2023 ($0.16 Mil).


AgriFORCE Growing Systems Gross Property, Plant and Equipment Historical Data

The historical data trend for AgriFORCE Growing Systems'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.

AgriFORCE Growing Systems Gross Property, Plant and Equipment Chart

AgriFORCE Growing Systems Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial 2.08 2.12 2.14 3.80 0.16

AgriFORCE Growing Systems Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 3.80 3.67 3.68 3.56 0.16

AgriFORCE Growing Systems 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.


AgriFORCE Growing Systems  (NAS:AGRI) 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.


AgriFORCE Growing Systems Gross Property, Plant and Equipment Related Terms

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AgriFORCE Growing Systems (AgriFORCE Growing Systems) Business Description

Traded in Other Exchanges
N/A
Address
300-2233 Columbia Street, Vancouver, BC, CAN, V5Y 0M6
AgriFORCE Growing Systems Ltd is a Canada-based company dedicated to transforming modern agricultural development through its proprietary patent-pending facility design and automated growing system. Its methods are designed to produce high-quality, pesticide-free, locally cultivated crops, cost-effectively and with the ability to quickly scale, in virtually any climate.
Executives
Ingo Wilhelm Mueller director, officer: Chief Executive Officer 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6
Amy Griffith director 718 OLD LANCASTER ROAD, BRYN MAWR PA 19010
Richard Levychin director 189 MONTAGUE STREET, APT. 28A, BROOKLYN NY 11201
Don Nicholson director 1602-1228 WEST HASTINGS ST, VANCOUVER A1 V6E 4S6
David Ryan Welch director 500 SOUTH GRAND AVENUE,, SUITE 1800, LOS ANGELES CA 90071
William John Meekison director 4475 ROSS CRESCENT, WEST VANCOUVER A1 V7W 1B4
Troy Mcclellan officer: President, AgriFORCE Solutions C/O AGRIFORCE GROWING SYSTEMS LTD, 300 - 2233 COLUMBIA STREET, VANCOUVER A1 V5Y 0M6