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Cerus's quarterly net PPE declined from Jun. 2023 ($22.5 Mil) to Sep. 2023 ($20.3 Mil) and declined from Sep. 2023 ($20.3 Mil) to Dec. 2023 ($19.4 Mil).
Cerus's annual net PPE declined from Dec. 2021 ($25.2 Mil) to Dec. 2022 ($23.5 Mil) and declined from Dec. 2022 ($23.5 Mil) to Dec. 2023 ($19.4 Mil).
The historical data trend for Cerus'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.
Cerus Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Property, Plant and Equipment | Get a 7-Day Free Trial | 29.02 | 26.99 | 25.18 | 23.48 | 19.35 |
Cerus Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Property, Plant and Equipment | Get a 7-Day Free Trial | 23.48 | 23.14 | 22.52 | 20.28 | 19.35 |
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.
Cerus (NAS:CERS) 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 Cerus's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.
Eric Bjerkholt | director | 132 PURDURE AVENUE, KENGSINGTON CA 94708 |
Ann Lucena | director | C/O CERUS CORPORATION, 1220 CONCORD AVE. SUITE 600, CONCORD CA 94520 |
Swisher Daniel N Jr | director | C/O SUNESIS PHARMACEUTICALS, INC., 395 OYSTER POINT BLVD., SUITE 400, SOUTH SAN FRANCISCO CA 94080 |
Gail Schulze | director | 3451 WELLS ROAD, MALVERN PA 19355 |
Laurence M Corash | director | C/O CERUS CORP, 2411 STENWELL DRIVE, CONCORD CA 94520 |
William Mariner Greenman | officer: President, Cerus Europe | C/O CERUS CORPORATION, 2411 STANWELL DRIVE, CONCORD CA 94520 |
Chrystal Menard | officer: Chief Legal Officer | C/O CERUS CORPORATION, 2550 STANWELL DRIVE, CONCORD CA 94520 |
Kevin Dennis Green | officer: Chief Accounting Officer | C/O CERUS CORPORATION, 2411 STANWELL DRIVE, CONCORD CA 94520 |
Richard J Benjamin | officer: Chief Medical Officer | 15 WHITE PINE ROAD, NEWTON MA 02464 |
Vivek K Jayaraman | officer: Chief Commercial Officer | 3910 BRICKWAY BLVD, SANTA ROSA CA 95403 |
Hua Shan | director | C/O CERUS CORPORATION, 1220 CONCORD AVE., STE. 600, CONCORD CA 94520 |
Carol Moore | officer: SR. V.P. Regulatory, Clinical | C/O CERUS CORPORATION, 2550 STANWELL DRIVE, CONCORD CA 94520 |
Timothy B Anderson | director | C/O JAN STERN REED BAXTER INTERNATIONAL, ONE BAXTER PARKWAY DF2 2W, DEERFIELD IL 60015 |
Timothy L. Moore | director | C/O KITE PHARMA, INC., 2225 COLORADO AVE., SANTA MONICA CA 90404 |
Frank Witney | director | 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451 |
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