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GBT Technologies (GBT Technologies) Gross Property, Plant and Equipment : $0.00 Mil (As of Mar. 2024)


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What is GBT Technologies Gross Property, Plant and Equipment?


GBT Technologies Gross Property, Plant and Equipment Historical Data

The historical data trend for GBT Technologies'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.

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GBT Technologies Gross Property, Plant and Equipment Chart

GBT Technologies Annual Data
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Gross Property, Plant and Equipment
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GBT Technologies Quarterly Data
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GBT Technologies 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:


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.


GBT Technologies  (OTCPK:GTCH) 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.


GBT Technologies Gross Property, Plant and Equipment Related Terms

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GBT Technologies (GBT Technologies) Business Description

Industry
Traded in Other Exchanges
N/A
Address
2450 Colorado Avenue, Suite 100E, Santa Monica, CA, USA, 90404
GBT Technologies Inc is engaged in the development of Internet of Things (IoT) and Artificial Intelligence (AI) enabled networking and tracking technologies, including wireless mesh network technology platform and fixed solutions, development of an intelligent human body vitals device, prepaid services, asset-tracking IoT, and wireless mesh networks. The Company also offers prepaid cellular phone minutes for both domestic and international carriers. It derives revenue from the provision of IT consulting services; and from the licensing of its technology.
Executives
Douglas Landers Davis officer: CEO C/O GOPHER PROTOCOL,, 2500 BROADWAY,SUITE F-125, SANTA MONICA CA 90404
Mitchell Kirk Tavera director 10 CLUB VIEW LANE, ROLLING HILLS ESTATES CA 90274
Eva Bitter director PACSIRTA UTCA 3., PILISBOROSJENO K5 2097
Ned L Siegel director 600 WILSHIRE BOULEVARD, LOS ANGELES CA 90017
Robert M. Yaspan director 21700 OXNARD STREET, SUITE 1750, WOODLAND HILLS CA 91367
Judit Nagypal director HANS-DOLLGAST STR. 12, MUNICH 2M 80807
Muhammad Khilji director 23832 ROCKFIELD BLVD, UNIT 170, LAKE FOREST CA 92630
Kevin Pickard officer: Chief Financial Officer 28245 AVENUE CROCKER, SUITE 220, VALENCIA CA 91355
Dan Rittman director, 10 percent owner, officer: Chief Technology Officer C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Direct Communications, Inc 10 percent owner 19528 VENTURA BLVD #355, TARZANA CA 91356
Michael Murray director, 10 percent owner, officer: President, CEO & Secretary C/O GOPHER PROTOCOL INC., 23129 CAJALCO ROAD, PERRIS CA 92570
Reko Holdings, Llc 10 percent owner 20154 CHAPTER DR, WOODLAND HILLS CA 91364