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Navitas Semiconductor's quarterly gross PPE increased from Sep. 2023 ($19.10 Mil) to Dec. 2023 ($22.33 Mil) and increased from Dec. 2023 ($22.33 Mil) to Mar. 2024 ($25.21 Mil).
Navitas Semiconductor's annual gross PPE increased from Dec. 2021 ($3.96 Mil) to Dec. 2022 ($15.90 Mil) and increased from Dec. 2022 ($15.90 Mil) to Dec. 2023 ($22.33 Mil).
The historical data trend for Navitas Semiconductor'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.
Navitas Semiconductor Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Gross Property, Plant and Equipment | 1.89 | 3.96 | 15.90 | 22.33 |
Navitas Semiconductor Quarterly Data | ||||||||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Gross Property, Plant and Equipment | Get a 7-Day Free Trial | 16.92 | 17.51 | 19.10 | 22.33 | 25.21 |
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.
Navitas Semiconductor (NAS:NVTS) 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 Navitas Semiconductor's Gross Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Ron Shelton | officer: Sr VP, CFO and Treasurer | |
Dipender Saluja | director | 1730 TECHNOLOGY DRIVE, SAN JOSE CA 95110 |
Wunderlich Gary Kent Jr | director | CLO B. RILEY FINANCIAL, INC.,, 21255 BURBANK BLVD., SUITE 400, WOODLAND CA 91367 |
Richard J Hendrix | director | 1300 NORTH 17TH STREET, ARLINGTON VA 22209 |
Eugene Sheridan | director, officer: Chief Executive Officer | C/O NAVITAS SEMICONDUCTOR CORPORATION, 3520 CHALLENGER STREET, TORRANCE CA 90503-1640 |
Daniel M. Kinzer | director, officer: Chief Oprtng and Tech Officer | C/O CORP SEC, FAIRCHILD SEMICONDUCTOR, 82 RUNNING HILL RD., S. PORTLAND ME 04106 |
Ranbir Singh | 10 percent owner, officer: EVP, GeneSic Business | 2101 E. EL SEGUNDO BLVD., STE. 205, EL SEGUNDO CA 90245 |
Sicpower, Llc | 10 percent owner | C/O CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, WILMINGTON DE 19808 |
David Moxam | director | C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245 |
Todd Glickman | officer: Interim Chf Financial Officer | C/O 2101 EL SEGUNDO BLVD., SUITE 204, EL SEGUNDO CA 90245 |
Malibuiq, Llc | 10 percent owner | 21245 SMITH ROAD, COVINGTON LA 70435 |
Brian Long | director | |
Atalaya Capital Management Lp | 10 percent owner | ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10020 |
Atalaya Special Purpose Investment Fund Lp | 10 percent owner | ONE ROCKEFELLER PLAZA, NEW YORK NY 10710 |
Acm Asof Vii (cayman) Holdco Lp | 10 percent owner | ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022 |
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