Analysis of Property, Plant and Equipment
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Kraft Foods Group Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2012
- Current Ratio since 2012
- Total Asset Turnover since 2012
- Price to Earnings (P/E) since 2012
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Property, Plant and Equipment Disclosure
Kraft Foods Group Inc., balance sheet: property, plant and equipment
US$ in millions
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
| Item | Description | The company |
|---|---|---|
| Property, plant and equipment, gross | Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Kraft Foods Group Inc. property, plant and equipment, gross decreased from 2012 to 2013 but then slightly increased from 2013 to 2014. |
| Property, plant and equipment, net | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | Kraft Foods Group Inc. property, plant and equipment, net decreased from 2012 to 2013 but then increased from 2013 to 2014 not reaching 2012 level. |
Asset Age Ratios (Summary)
Kraft Foods Group Inc., asset age ratios
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Average age ratio | ||||
| Estimated total useful life (years) | ||||
| Estimated age, time elapsed since purchase (years) | ||||
| Estimated remaining life (years) |
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
| Asset age ratio | Description | The company |
|---|---|---|
| Average age ratio | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Kraft Foods Group Inc. average age ratio of depreciable property, plant and equipment improved from 2012 to 2013 but then slightly deteriorated from 2013 to 2014. |
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Kraft Foods Group Inc. estimated total useful life of depreciable property, plant and equipment increased from 2012 to 2013 and from 2013 to 2014. |
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Kraft Foods Group Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2012 to 2013 but then deteriorated significantly from 2013 to 2014. |
| Estimated remaining life | Kraft Foods Group Inc. estimated remaining life of depreciable property, plant and equipment increased from 2012 to 2013 and from 2013 to 2014. |
Average Age
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Accumulated depreciation | ||||
| Property, plant and equipment, gross | ||||
| Land | ||||
| Asset Age Ratio | ||||
| Average age1 | ||||
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
2014 Calculations
1 Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × ÷ ( – ) =
| Asset age ratio | Description | The company |
|---|---|---|
| Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | Kraft Foods Group Inc. average age ratio of depreciable property, plant and equipment improved from 2012 to 2013 but then slightly deteriorated from 2013 to 2014. |
Estimated Total Useful Life
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Property, plant and equipment, gross | ||||
| Land | ||||
| Depreciation expense | ||||
| Asset Age Ratio (Years) | ||||
| Estimated total useful life1 | ||||
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
2014 Calculations
1 Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation expense
= ( – ) ÷ =
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | Kraft Foods Group Inc. estimated total useful life of depreciable property, plant and equipment increased from 2012 to 2013 and from 2013 to 2014. |
Estimated Age, Time Elapsed since Purchase
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Accumulated depreciation | ||||
| Depreciation expense | ||||
| Asset Age Ratio (Years) | ||||
| Time elapsed since purchase1 | ||||
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
2014 Calculations
1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= ÷ =
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | Kraft Foods Group Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2012 to 2013 but then deteriorated significantly from 2013 to 2014. |
Estimated Remaining Life
| Dec 27, 2014 | Dec 28, 2013 | Dec 29, 2012 | ||
|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||
| Property, plant and equipment, net | ||||
| Land | ||||
| Depreciation expense | ||||
| Asset Age Ratio (Years) | ||||
| Estimated remaining life1 | ||||
Based on: 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29).
2014 Calculations
1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation expense
= ( – ) ÷ =
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated remaining life | Kraft Foods Group Inc. estimated remaining life of depreciable property, plant and equipment increased from 2012 to 2013 and from 2013 to 2014. |