GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank of Dubai PSC (DFM:CBD) » Definitions » Property, Plant and Equipment

Commercial Bank of Dubai PSC (DFM:CBD) Property, Plant and Equipment : د.إ451 Mil (As of Mar. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Commercial Bank of Dubai PSC Property, Plant and Equipment?

Commercial Bank of Dubai PSC's quarterly net PPE increased from Sep. 2023 (د.إ403 Mil) to Dec. 2023 (د.إ432 Mil) and increased from Dec. 2023 (د.إ432 Mil) to Mar. 2024 (د.إ451 Mil).

Commercial Bank of Dubai PSC's annual net PPE increased from Dec. 2021 (د.إ309 Mil) to Dec. 2022 (د.إ354 Mil) and increased from Dec. 2022 (د.إ354 Mil) to Dec. 2023 (د.إ432 Mil).


Commercial Bank of Dubai PSC Property, Plant and Equipment Historical Data

The historical data trend for Commercial Bank of Dubai PSC'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.

Commercial Bank of Dubai PSC Property, Plant and Equipment Chart

Commercial Bank of Dubai PSC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 273.58 290.03 309.43 354.25 431.84

Commercial Bank of Dubai PSC Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 366.71 391.17 403.07 431.84 450.72

Commercial Bank of Dubai PSC 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.


Commercial Bank of Dubai PSC  (DFM:CBD) 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.


Commercial Bank of Dubai PSC Property, Plant and Equipment Related Terms

Thank you for viewing the detailed overview of Commercial Bank of Dubai PSC's Property, Plant and Equipment provided by GuruFocus.com. Please click on the following links to see related term pages.


Commercial Bank of Dubai PSC (DFM:CBD) Business Description

Traded in Other Exchanges
N/A
Address
Al Ittihad Street, P.O. Box 2668, Dubai, ARE
Commercial Bank of Dubai PSC is a banking firm operating in the United Arab Emirates. The company's operating segments include Institutional banking, Corporate banking, Personal banking, and Trading and Other. It generates maximum revenue from the Corporate banking segment. The company services include a current account, savings account, and deposits. Its borrowing services comprise personal loans, home loans, car loans, and credit card facilities of various types. Under its protection portfolio, the bank provides general insurance, life insurance and safe deposit services and its investment services include asset management, financial economy and international investment plans.

Commercial Bank of Dubai PSC (DFM:CBD) Headlines

No Headlines