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AEON Financial Service Co (TSE:8570) Property, Plant and Equipment : 円31,786 Mil (As of Nov. 2023)


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What is AEON Financial Service Co Property, Plant and Equipment?

AEON Financial Service Co's quarterly net PPE increased from May. 2023 (円32,011 Mil) to Aug. 2023 (円32,015 Mil) but then declined from Aug. 2023 (円32,015 Mil) to Nov. 2023 (円31,786 Mil).

AEON Financial Service Co's annual net PPE declined from Feb. 2021 (円39,150 Mil) to Feb. 2022 (円34,318 Mil) and declined from Feb. 2022 (円34,318 Mil) to Feb. 2023 (円31,924 Mil).


AEON Financial Service Co Property, Plant and Equipment Historical Data

The historical data trend for AEON Financial Service Co'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.

AEON Financial Service Co Property, Plant and Equipment Chart

AEON Financial Service Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Feb20 Feb21 Feb22 Feb23
Property, Plant and Equipment
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39,204.00 45,301.00 39,150.00 34,318.00 31,924.00

AEON Financial Service Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 31,924.00 32,011.00 32,015.00 31,786.00 32,144.00

AEON Financial Service Co 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.


AEON Financial Service Co  (TSE:8570) 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.


AEON Financial Service Co Property, Plant and Equipment Related Terms

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AEON Financial Service Co (TSE:8570) Business Description

Traded in Other Exchanges
Address
Kandanishiki-cho, Chiyoda-ku, Terrace Square, 3-22, Tokyo, JPN
AEON Financial Service Co Ltd is a comprehensive financial group consisting of a bank holding company and its subsidiaries, which grew out of Aeon Group's retail operations. It currently operates a network of hundreds of sale bases throughout Asia, particularly in Japan, China, Thailand, and Malaysia. The bank provides various financial services, payment services, housing loans, deposits, installment sales, and overseas services to customers through points of sale closely linked to community lifestyles. These include shopping centers and retail malls, convenience stores, and specialty stores, among others. Net fee and commission income is the company's largest source of net revenue.

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