Analysis of Property, Plant and Equipment
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Property, Plant and Equipment Disclosure
EMC Corp., balance sheet: property, plant and equipment
US$ in millions
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
| 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. | EMC Corp. property, plant and equipment, gross increased from 2013 to 2014 and from 2014 to 2015. |
| 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. | EMC Corp. property, plant and equipment, net increased from 2013 to 2014 and from 2014 to 2015. |
Asset Age Ratios (Summary)
EMC Corp., asset age ratios
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
| 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. | EMC Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2013 to 2014 and from 2014 to 2015. |
| 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. | EMC Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2013 to 2014 but then increased from 2014 to 2015 exceeding 2013 level. |
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | EMC Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
| Estimated remaining life | EMC Corp. estimated remaining life of depreciable property, plant and equipment decreased from 2013 to 2014 and from 2014 to 2015. |
Average Age
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
2015 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. | EMC Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2013 to 2014 and from 2014 to 2015. |
Estimated Total Useful Life
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
2015 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. | EMC Corp. estimated total useful life of depreciable property, plant and equipment decreased from 2013 to 2014 but then increased from 2014 to 2015 exceeding 2013 level. |
Estimated Age, Time Elapsed since Purchase
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
2015 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. | EMC Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
Estimated Remaining Life
Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).
2015 Calculations
1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation expense
= ( – ) ÷ =
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated remaining life | EMC Corp. estimated remaining life of depreciable property, plant and equipment decreased from 2013 to 2014 and from 2014 to 2015. |