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CKX Lands's quarterly net PPE declined from Sep. 2023 ($9.10 Mil) to Dec. 2023 ($9.10 Mil) and declined from Dec. 2023 ($9.10 Mil) to Mar. 2024 ($9.09 Mil).
CKX Lands's annual net PPE increased from Dec. 2021 ($9.06 Mil) to Dec. 2022 ($9.08 Mil) and increased from Dec. 2022 ($9.08 Mil) to Dec. 2023 ($9.10 Mil).
The historical data trend for CKX Lands'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.
CKX Lands Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial |
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9.24 | 9.24 | 9.06 | 9.08 | 9.10 |
CKX Lands 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 |
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9.10 | 9.10 | 9.10 | 9.10 | 9.09 |
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:
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.
CKX Lands (AMEX:CKX) 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 CKX Lands's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Max H. Hart | director | P.O. BOX 1700, OPELOUSAS LA 70571 |
William Gray Stream | director | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Daniel J Englander | director | C/O AMERICA'S CARMART, 802 SOUTHEAST PLAZA AVE #200, BENTONVILLE AR 72712 |
Scott Adams Stepp | officer: Chief Financial Officer | 2417 SHELL BEACH DRIVE, LAKE CHARLES LA 70601 |
Lane T Lamure | director | POST OFFICE BOX 11941, JACKSON WY 83002 |
Ellington Edward Moreland Ii | director | 1232 CYPRESS HARBOR DRIVE, LAKE CHARLES LA 70605 |
Lee W. Boyer | director | 127 W. BROAD ST., 4TH FLOOR, LAKE CHARLES LA 70601 |
Donald Keith Duplechin | director | 131 STATE STREET, LAKE CHARLES LA 70605 |
Ottley Properties, Llc | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Minvielle Iv Eugene T | director | P.O. BOX 51684, LAFAYETTE LA 70505 |
Lee Bert Appleberry | director | 315 NORTH WILCREST DRIVE, HOUSTON TX 77079 |
Charles D Viccellio | director, officer: Vice President & Secretary | 4113 BEAU CHENE DRIVE, LAKE CHARLES LA 70605 |
Elizabeth Brooks Hollins | director | 1128 BIRDNEST ROAD, LAKE CHARLES X1 70611 |
Michael B White | 10 percent owner | 337 METAIRIE ROAD, SUITE 202, METAIRIE LA 70005 |
Mary W Savoy | director | 1407 ALVIN STREET, LAKE CHARLES LA 70601 |
From GuruFocus
By gurufocus 10qk • 01-06-2010
By GF Value GF Value • 05-11-2021
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