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Beyond Meat (Beyond Meat) Property, Plant and Equipment : $383.5 Mil (As of Mar. 2024)


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What is Beyond Meat Property, Plant and Equipment?

Beyond Meat's quarterly net PPE declined from Sep. 2023 ($438.7 Mil) to Dec. 2023 ($386.1 Mil) and declined from Dec. 2023 ($386.1 Mil) to Mar. 2024 ($383.5 Mil).

Beyond Meat's annual net PPE increased from Dec. 2021 ($312.5 Mil) to Dec. 2022 ($430.1 Mil) but then declined from Dec. 2022 ($430.1 Mil) to Dec. 2023 ($386.1 Mil).


Beyond Meat Property, Plant and Equipment Historical Data

The historical data trend for Beyond Meat'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.

Beyond Meat Property, Plant and Equipment Chart

Beyond Meat Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial 47.47 129.87 312.49 430.07 386.14

Beyond Meat 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 414.31 447.39 438.72 386.14 383.54

Beyond Meat 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.


Beyond Meat  (NAS:BYND) 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.


Beyond Meat Property, Plant and Equipment Related Terms

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Beyond Meat (Beyond Meat) Business Description

Address
119 Standard Street, El Segundo, CA, USA, 90245
Beyond Meat Inc is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat targeted to omnivores and vegetarians alike and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although the mix stood at 70% retail/30% food service in 2021. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.
Executives
Chad M Peffer officer: Interim Chief Growth Officer C/O BEYOND MEAT, INC., 888 N. DOUGLAS STREET, SUITE 100, EL SEGUNDO CA 90245
C James Koch director C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Akerho Oghoghomeh officer: See Remarks C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Dariush Ajami officer: Chief Innovation Officer C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Lubi Kutua officer: CFO, Treasurer C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Beth Moskowitz officer: Chief Creative Officer C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Sharman Robert M Jr officer: See Remarks C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Henry Dieu officer: See Remarks. C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Brad Hiranaga officer: SEE REMARKS C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jay Colleen director C/O THE COOPER COMPANIES, INC., 6140 STONERIDGE MALL ROAD, SUITE 590, PLEASANTON CA 94588
Diane Carhart director C/O BEYOND MEAT, INC., 1325 E. EL SEGUNDO BLVD., EL SEGUNDO CA 90245
Teri L Witteman officer: General Counsel, Secretary 20333 S. NORMANDIE AVE, TORRANCE CA 90502
George Bernard Adcock officer: Chief Suppy Chain Officer C/O BEYOND MEAT, INC., 119 STANDARD ST., EL SEGUNDO CA 90245
Douglas Wayne Ramsey officer: Chief Operating Officer C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245
Jonathan P Nelson officer: Interim COO C/O BEYOND MEAT, INC., 119 STANDARD STREET, EL SEGUNDO CA 90245

Beyond Meat (Beyond Meat) Headlines

From GuruFocus

Beyond Meat: A Promising Business With Severe Weaknesses

By Stavros Georgiadis, CFA 08-08-2023