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Earth Science Tech's quarterly gross PPE declined from Jun. 2023 ($0.35 Mil) to Sep. 2023 ($0.30 Mil) and declined from Sep. 2023 ($0.30 Mil) to Dec. 2023 ($0.27 Mil).
Earth Science Tech's annual gross PPE stayed the same from Mar. 2021 ($0.01 Mil) to Mar. 2022 ($0.00 Mil) but then increased from Mar. 2022 ($0.00 Mil) to Mar. 2023 ($0.35 Mil).
The historical data trend for Earth Science Tech'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.
Earth Science Tech Annual Data | |||||||||||||||||||||
Trend | Mar13 | Mar14 | Mar15 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 0.01 | 0.02 | 0.01 | - | 0.35 |
Earth Science Tech Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | 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 | - | 0.35 | 0.35 | 0.30 | 0.27 |
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:
Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:
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.
Earth Science Tech (OTCPK:ETST) 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.
Thank you for viewing the detailed overview of Earth Science Tech's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Giorgio R. Saumat | director | 449 ESPLANADE DR, MIAMI SPRINGS FL 33166 |
Majorca Group, Ltd. | 10 percent owner | 1621 CENTRAL AVE, CHEYENNE WY 90501 |
David Barbash | officer: Chief Sales Officer | 109 SWIFT CREEK CROSSING, DURHAM NC 27713 |
Nickolas Salomon Tabraue | director, officer: President & Chairman | 4100 SALZEDO STREET, UNIT 420, CORAL GABLES FL 33146 |
Wendell Hecker | officer: CFO | 2606 NW 104 TH AVE #410, SUNRISE FL 33322 |
Gregg Gagan Hunter | director, officer: COO & Director | 774 86TH STREET, MIAMI FL 33138 |
Michel Aube | officer: CEO & CSO | 8837,RUE DE CHAMP D'EAU, MONTR?AL A8 HIP 3A6 |
Matthew Cohen | officer: CEO & CFO | 1702 COSTA DEL SOL, BOCA RATON FL 33432 |
Thomas H Wright | director, officer: Chief Operating Officer | 1600 SOUTH DIXIE HWY., SUITE 300, BOCA RATON FL 33432 |
Harvey Katz | officer: CEO | 2255 GLADES ROAD, #324A, BOCA RATON FL 33431 |
Issa El-cheikh | director, officer: President | 40 EAST MAIN STREET #998, NEWARK DE 19711 |
Great Lakes Holdings Group, Llc | 10 percent owner | 3825 HUNTINGTON AVENUE, WINDSOR A6 N9E3N4 |
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