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Sharing Services Global (Sharing Services Global) Gross Property, Plant and Equipment : $2.35 Mil (As of Dec. 2023)


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What is Sharing Services Global Gross Property, Plant and Equipment?

Sharing Services Global's quarterly gross PPE declined from Jun. 2023 ($2.31 Mil) to Sep. 2023 ($2.30 Mil) but then increased from Sep. 2023 ($2.30 Mil) to Dec. 2023 ($2.35 Mil).

Sharing Services Global's annual gross PPE increased from Mar. 2021 ($1.70 Mil) to Mar. 2022 ($11.17 Mil) and increased from Mar. 2022 ($11.17 Mil) to Mar. 2023 ($11.28 Mil).


Sharing Services Global Gross Property, Plant and Equipment Historical Data

The historical data trend for Sharing Services Global'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.

* Premium members only.

Sharing Services Global Gross Property, Plant and Equipment Chart

Sharing Services Global Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Mar21 Mar22 Mar23
Gross Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only 0.40 1.32 1.70 11.17 11.28

Sharing Services Global Quarterly Data
Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross 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 11.32 11.28 2.31 2.30 2.35

Sharing Services Global 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.


Sharing Services Global  (OTCPK:SHRG) 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.


Sharing Services Global Gross Property, Plant and Equipment Related Terms

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Sharing Services Global (Sharing Services Global) Business Description

Traded in Other Exchanges
N/A
Address
5200 Tennyson Parkway, Suite 400, Plano, TX, USA, 75024
Sharing Services Global Corp is a diversified holding company specializing in the direct selling industry. The company owns, operates, or controls an interest in a variety of companies that sell products and services to the consumer directly through independent representatives that range from health and wellness, energy, technology, insurance services, training, media, and travel benefits. Its operating segment includes Health and wellness products and the sale of member-based travel services through an independent sales force. The company derives the maximum revenue from the Health and wellness products segment. Geographically, it generates a majority of its revenue from the United States.
Executives
Chan Heng Fai Ambrose director, other: Exec. Chairman of the Board 2601 INSLAND PLACE TOWER, 510 KINGS RD N POINT, HONG KONG K3 999999999
Document Security Systems Inc 10 percent owner 275 WIREGRASS PKWY, WEST HENRIETTA NY 14586
Anthony S. Chan officer: Chief Financial Officer 228 YANJIANG AVE., JIANGAN DIST., BLDG A, WUHAN CITY F4 430010
Steven Mark Nicholls officer: Chief Financial Officer 1700 COIT ROAD, SUITE 100, PLANO TX 75075
Robert H Trapp director C/O EVISION INTERNATIONAL INC., 1888 SHERMAN ST. #500, DENVER CO 80203
Sassuan (samson) Lee director 200 CANAL VIEW BLVD., SUITE 300, ROCHESTER NY 14623
Frank D Heuszel director 275 WIREGRASS PKWY, WEST HENRIETTA, NEW YORK NY 14586
Frank Walters director, officer: SECRETARY, TREASURER, CFO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Keith R Halls director 75 W CENTER ST, PROVO UT 84601
Kip Hughes Allison director 7200 DALLAS PKWY, #2322, PLANO TX 75024
John Thatch director, officer: PRESIDENT, CEO C/O SHARING SERVICES, INC., 1701 COIT ROAD, SUITE 100, PLANO TX 75075
Bear Bull Market Dividends, Inc. 10 percent owner 600 ANTON BLVD. 11TH FLOOR, COSTA MESA CA 92626
Alchemist Holdings Llc 10 percent owner 1415 LEGACY DRIVE, SUITE 310, FRISCO TX 75034

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