What is Blyth Gross Property, Plant and Equipment?
Blyth's quarterly gross PPE
declined
from Dec. 2014 ($220.6 Mil) to Mar. 2015 ($200.4 Mil) and
declined
from Mar. 2015 ($200.4 Mil) to Jun. 2015 ($193.7 Mil).
Blyth's annual gross PPE
stayed the same
from Dec. 2012 ($238.2 Mil) to Dec. 2013 ($228.3 Mil) but then
declined
from Dec. 2013 ($228.3 Mil) to Dec. 2014 ($220.6 Mil).
Blyth Gross Property, Plant and Equipment Historical Data
The historical data trend for Blyth's Gross 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.
Blyth Gross Property, Plant and Equipment Calculation
Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed 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:
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.
Blyth (NYSE:BTH) Gross 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.
Blyth Gross Property, Plant and Equipment Related Terms
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Blyth Inc was incorporated on September 9, 1977. The Company is a multi-channel company focused on the direct to consumer market. The Company designs and markets home fragrance products and decorative accessories, as well as weight management products, nutritional supplements and energy drinks. Its products include decorative and functional household products such as candles, accessories, seasonal decorations, household convenience items and personalized gifts; nutritional supplements such as meal replacement shakes, vitamins and energy mixes; as well as products for the foodservice trade. Its products can be found throughout North America, Europe and Australia. The Company has three business segments the Health and Wellness segment, the Candles and Home Decor segment and the Catalog and Internet segment. Within the Health and Wellness segment, it operates ViSalus, which is sells meal replacement shakes, nutritional supplements, nutritional cookies and energy drinks. Products in this segment are sold through networks of independent sales promoters in the United States and Canada. Within the Candles and Home Decor segment, it designs, manufactures or sources, markets and distributes a line of products including scented candles, candle-related accessories and other fragranced products under the PartyLite brand. PartyLite also offers gourmet foods under the Two Sisters Gourmet by PartyLite brand name. Products in this segment are sold through networks of independent sales consultants. PartyLite brand products are sold in North America, Europe and Australia. Within the Catalog and Internet segment, it designs, sources and markets household convenience items, holiday cards, personalized gifts, kitchen accessories, premium photo albums and frames. These products are sold directly to consumers under the Miles Kimball, Walter Drake, Easy Comforts, As we Change and Exposures brands. These products are sold in North America. Competition in the Candles and Home Decor segment includes companies selling candles manufactured at lower costs through direct selling and retail channels. Competition in the Health and Wellness segment includes companies selling competitive nutritional supplements and weight-loss management products through direct selling and retail channels. In the Health and Wellness and the Candles and Home Decor segments it competes for consultants or promoters with other direct selling companies, both those that sell similar products and those that sell other types of products. The Companys direct selling and network marketing programs are subject to federal and state regulations administered by the FTC and various state agencies as well as regulations in foreign markets administered by foreign agencies.
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