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Sharing Economy International (Sharing Economy International) Property, Plant and Equipment : $0.27 Mil (As of Dec. 2022)


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What is Sharing Economy International Property, Plant and Equipment?

Sharing Economy International's quarterly net PPE declined from Jun. 2022 ($0.33 Mil) to Sep. 2022 ($0.30 Mil) and declined from Sep. 2022 ($0.30 Mil) to Dec. 2022 ($0.27 Mil).

Sharing Economy International's annual net PPE declined from Dec. 2020 ($0.49 Mil) to Dec. 2021 ($0.40 Mil) and declined from Dec. 2021 ($0.40 Mil) to Dec. 2022 ($0.27 Mil).


Sharing Economy International Property, Plant and Equipment Historical Data

The historical data trend for Sharing Economy International'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.

Sharing Economy International Property, Plant and Equipment Chart

Sharing Economy International Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.56 0.62 0.49 0.40 0.27

Sharing Economy International Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
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 0.40 0.36 0.33 0.30 0.27

Sharing Economy International 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.


Sharing Economy International  (OTCPK:SEII) 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.


Sharing Economy International Property, Plant and Equipment Related Terms

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Sharing Economy International (Sharing Economy International) Business Description

Traded in Other Exchanges
N/A
Address
No.85 Castle Peak Road, Castle Peak Bay, Tuen Mun, N.T, Hong Kong, HKG
Sharing Economy International Inc is engaged in the development of sharing economy platforms and related rental businesses. Its digital platforms handle transactions that offer access over ownership through renting, lending, subscribing, reselling, swapping, or donating.
Executives
Chan Pak Hei Jefferson 10 percent owner, officer: Chief Executive Officer HOUSE 20 OF MERRY GARDEN, 628 POK WAI, YUEN LONG, HONG KONG K3 00000
Ecinteract Co Ltd 10 percent owner ROOM K, 2/F, BLOCK 4, GREENWOOD TERRACE, CHAI WAN K3 9999999999
Tin Chi Chan 10 percent owner VILLA CORNWALL, NO. 85 CASTLE PEAK ROAD, CASTLE PEAK BAY, NEW TERRITORIES K3 9999999999
Parkson Yip officer: Chief Operating Officer FLAT C5, 26F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Ysk 1860 Co., Ltd 10 percent owner CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Yuen Deborah Wai Ming 10 percent owner CORNWALL CENTER, NO.85 CASTLE PEAK ROAD, COFFEE BAY, TUEN MUN, N.T. K3 00000
Ping Kee Lau director FLAT C5, 26/F, TML TOWER, 3 HOI SHING ROAD, TSUEN WAN, NT K3 00000
Adam C Wasserman officer: CFO 1643 ROYAL GROVE WAY, WESTON FL 33327
Ming Zhao director 1ST FLOOR, YUZHENG PLAZA, NO. 76, YUHUANGSHAN ROAD, HANGZHOU, ZHEJIANG PROVINCE F4 00000
Jianhua Wu director, 10 percent owner, officer: CEO NO.9, MIDDLE YANYU ROAD, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI, JIANGSU F4 000000
Fernando Liu officer: Chief Financial Officer BLDG 387, 2199 GUIDAI ROAD, MINHANG DISTRICT, SHANGHAI F4 201100
Tianxiang Zhou director 152 LIUTAN'ER VILLAGE, APT 501, BEITANG DISTRICT, WUXI F4 214046
Xuezhong Hua director C/O DENGXIANG, QIANZHOU TOWN, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Ying Teresa Zhang officer: Chief Financial Officer NO. 9 YANYU MIDDLE ROAD, QIANZHOU VILLAGE, HUISHAN DISTRICT, WUXI JIANGSU F4 214181
Megan J Penick director C/O PENICK & ASSOCIATES LLC, 300 CARROLL CLOSE, TARRYTOWN NY 10591

Sharing Economy International (Sharing Economy International) Headlines

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