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Poshmark (Poshmark) Property, Plant and Equipment : $13.0 Mil (As of Sep. 2022)


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What is Poshmark Property, Plant and Equipment?

Poshmark's quarterly net PPE declined from Mar. 2022 ($15.3 Mil) to Jun. 2022 ($14.2 Mil) and declined from Jun. 2022 ($14.2 Mil) to Sep. 2022 ($13.0 Mil).

Poshmark's annual net PPE declined from Dec. 2019 ($9.8 Mil) to Dec. 2020 ($8.4 Mil) and declined from Dec. 2020 ($8.4 Mil) to Dec. 2021 ($7.4 Mil).


Poshmark Property, Plant and Equipment Historical Data

The historical data trend for Poshmark'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.

Poshmark Property, Plant and Equipment Chart

Poshmark Annual Data
Trend Dec18 Dec19 Dec20 Dec21
Property, Plant and Equipment
2.44 9.85 8.45 7.38

Poshmark Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 7.90 7.38 15.27 14.15 12.99

Poshmark 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.


Poshmark  (NAS:POSH) 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.


Poshmark Property, Plant and Equipment Related Terms

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Poshmark (Poshmark) Business Description

Traded in Other Exchanges
N/A
Address
203 Redwood Shores Parkway, 8th Floor, Redwood City, CA, USA, 94065
Poshmark is one of the largest players in a quickly growing e-commerce resale space, connecting more than 30 million active users on a platform that sells men's and women's apparel, accessories, shoes, and more recently consumer electronics and pet products. The marketplace operates in four countries--the U.S., Canada, Australia, and India--with a capital-light, peer-to-peer model that dovetails nicely with prevailing trends toward social commerce, apparel resale, and an ongoing pivot toward the e-commerce channel. With $1.8 billion in 2021 gross merchandise volume, or GMV, we estimate that the firm captured about 13%-14% of the domestic online resale market, with rolling lockdowns and tangled supply chains providing a meaningful impetus for channel trial during 2020 and 2021.
Executives
Ebony Beckwith director 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
Rodrigo Brumana officer: Chief Financial Officer 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
John Michael Mcdonald officer: Chief Operating Officer C/O POSHMARK, INC., 203 REDWOOD SHORES PARKWAY, REDWOOD CITY CA 94065
Manish Chandra director, officer: President and CEO C/O POSHMARK, INC., 203 REDWOOD SHORES PKWY 8TH FL, REDWOOD CITY CA 94065
Hans Tung director 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Temasek Holdings (private) Ltd 10 percent owner 60B ORCHARD ROAD #06-18 TOWER 2, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Anderson Investments Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Thomson Capital Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Tembusu Capital Pte. Ltd. 10 percent owner 60B ORCHARD ROAD #06-18, THE ATRIUM@ORCHARD, SINGAPORE U0 238891
Kapil Agrawal officer: Interim CFO 203 REDWOOD SHORES PARKWAY, 8TH FLOOR, REDWOOD CITY CA 94065
Ggv Capital V L.l.c. 10 percent owner 3000 SAND HILL ROAD, BUILDING 4, SUITE 230, MENLO PARK CA 94025
Mv Management Xi, L.l.c. 10 percent owner 1300 EL CAMINO REAL, SUITE 150, MENLO PARK CA 94025
Anan Kashyap officer: Chief Financial Officer C/O POSHMARK, INC., 203 REDWOOD SHORES PKWY 8TH FL, REDWOOD CITY CA 94065
Menlo Ventures Xi, L.p. 10 percent owner 2884 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
John W Marren director 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102