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Abu Dhabi Commercial Bank (ADX:ADCB) Property, Plant and Equipment : د.إ1,793 Mil (As of Mar. 2024)


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What is Abu Dhabi Commercial Bank Property, Plant and Equipment?

Abu Dhabi Commercial Bank's quarterly net PPE increased from Sep. 2023 (د.إ1,885 Mil) to Dec. 2023 (د.إ1,888 Mil) but then declined from Dec. 2023 (د.إ1,888 Mil) to Mar. 2024 (د.إ1,793 Mil).

Abu Dhabi Commercial Bank's annual net PPE declined from Dec. 2021 (د.إ2,064 Mil) to Dec. 2022 (د.إ1,938 Mil) and declined from Dec. 2022 (د.إ1,938 Mil) to Dec. 2023 (د.إ1,888 Mil).


Abu Dhabi Commercial Bank Property, Plant and Equipment Historical Data

The historical data trend for Abu Dhabi Commercial Bank's 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.

Abu Dhabi Commercial Bank Property, Plant and Equipment Chart

Abu Dhabi Commercial Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,197.57 2,058.58 2,064.27 1,937.50 1,887.60

Abu Dhabi Commercial Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1,890.99 1,887.15 1,885.35 1,887.60 1,792.60

Abu Dhabi Commercial Bank Property, Plant and Equipment Calculation

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


Abu Dhabi Commercial Bank  (ADX:ADCB) 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.


Abu Dhabi Commercial Bank Property, Plant and Equipment Related Terms

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Abu Dhabi Commercial Bank (ADX:ADCB) Business Description

Traded in Other Exchanges
N/A
Address
Sheikh Zayed Bin Sultan Street, P.O. Box 939, Plot C - 33, Sector E-11, Abu Dhabi Commercial Bank Building, Abu Dhabi, ARE
Abu Dhabi Commercial Bank is a full-service commercial bank that operates in and has nearly the entirety of its loan book exposed to the United Arab Emirates. The bank's five business groups include Retail banking, Private banking, Wholesale banking, Investments and treasury, and Property management. It generates maximum revenue from the Wholesale banking segment. The Wholesale banking segment comprises business banking, cash management, trade finance, corporate finance, small and medium enterprise financing, investment banking, Islamic financing, infrastructure and asset finance, government, and public enterprises. It also includes loans, deposits and other transactions and balances with corporate customers.

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