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Reliability (Reliability) Gross Property, Plant and Equipment : $0.01 Mil (As of Mar. 2024)


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What is Reliability Gross Property, Plant and Equipment?

Reliability's quarterly gross PPE increased from Sep. 2023 ($0.02 Mil) to Dec. 2023 ($0.17 Mil) but then declined from Dec. 2023 ($0.17 Mil) to Mar. 2024 ($0.01 Mil).

Reliability's annual gross PPE increased from Dec. 2021 ($0.16 Mil) to Dec. 2022 ($0.16 Mil) and increased from Dec. 2022 ($0.16 Mil) to Dec. 2023 ($0.17 Mil).


Reliability Gross Property, Plant and Equipment Historical Data

The historical data trend for Reliability'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.

Reliability Gross Property, Plant and Equipment Chart

Reliability Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.70 0.19 0.16 0.16 0.17

Reliability Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 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 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 0.02 0.02 0.02 0.17 0.01

Reliability 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.


Reliability  (OTCPK:RLBY) 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.


Reliability Gross Property, Plant and Equipment Related Terms

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Reliability (Reliability) Business Description

Industry
Traded in Other Exchanges
N/A
Address
12124 Skylark Road, Clarksburg, MD, USA, 20871
Reliability Inc provides workforce solutions to its clients consisting primarily of Employer of Record (EOR) services, recruiting and staffing, and video and multimedia production. It operates within four industry segments: EOR, Recruiting and Staffing, Video and Multimedia Production, and Direct Hire. The EOR segment which generates a majority of revenue for the company provides media field talent to a host of large corporate customers. The company's clients are in diverse industries including media, financial services including banking, medical devices, pharmaceuticals, telecommunications, energy, healthcare, and education.
Executives
Kalyan Pathuri 10 percent owner 6206 COLCHESTER RD., FAIRFAX VA 22030
Silvija Valleru 10 percent owner C/O RELIABILITY INCORPORATED, 22 BALTIMORE ROAD, ROCKVILLE MD 20850
Naveen Doki 10 percent owner C/O RELIABILITY INCORPORATED, 22 BALTIMORE ROAD, ROCKVILLE MD 20850
Nick Tsahalis officer: President C/O RELIABILITY INCORPORATED, 22 BALTIMORE ROAD, ROCKVILLE MD 20850
Mark R. Speck director, officer: Chief Financial Officer C/O RELIABILITY INCORPORATED, 22 BALTIMORE ROAD, ROCKVILLE MD 20850
Shirisha Janumpally 10 percent owner C/O RELIABILITY INCORPORATED, 22 BALTIMORE ROAD, ROCKVILLE MD 20850
Julia Marshall Dayton director, 10 percent owner 53 FOREST AVE. 1ST FLOOR, OLD GREENWICH CT 06870
Shawn Spain Miles director 53 FOREST AVE. 1ST FLOOR, OLD GREENWICH CT 06870
Alexander S Rosenbluth director 53 FOREST AVENUE, 1ST FLOOR, OLD GREEWICH CO 06870
Lone Star Value Investors Lp 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Jeffrey E. Eberwein 10 percent owner 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870
Lone Star Value Management Llc 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Lone Star Value Investors Gp Llc 10 percent owner 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Derosa William Thomas Jr. director 53 FOREST AVENUE, 1ST FLOOR, OLD GREENWICH CT 06870
Hannah M. Bible director 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870

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