Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

United Parcel Service Inc., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Vehicles 11,912 11,768 10,628 10,018 9,786
Aircraft 23,768 22,888 22,598 21,973 20,549
Land 2,104 2,138 2,140 2,140 2,052
Buildings 6,714 6,255 6,032 5,802 5,425
Building and leasehold improvements 5,601 5,241 5,067 5,010 4,921
Plant equipment 18,495 17,322 16,145 15,650 14,684
Technology equipment 2,735 2,656 2,411 2,798 2,626
Construction-in-progress 1,967 3,247 2,409 1,418 2,048
Property, plant and equipment, gross 73,296 71,515 67,430 64,809 62,091
Accumulated depreciation and amortization (36,117) (34,570) (32,711) (31,334) (29,837)
Property, plant and equipment, net 37,179 36,945 34,719 33,475 32,254

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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. United Parcel Service Inc. property, plant and equipment, gross increased from 2022 to 2023 and from 2023 to 2024.
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. United Parcel Service Inc. property, plant and equipment, net increased from 2022 to 2023 and from 2023 to 2024.

Asset Age Ratios (Summary)

United Parcel Service Inc., asset age ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Average age ratio 50.73% 49.83% 50.10% 50.00% 49.70%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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. United Parcel Service Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Average Age

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 36,117 34,570 32,711 31,334 29,837
Property, plant and equipment, gross 73,296 71,515 67,430 64,809 62,091
Land 2,104 2,138 2,140 2,140 2,052
Asset Age Ratio
Average age1 50.73% 49.83% 50.10% 50.00% 49.70%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, gross – Land)
= 100 × 36,117 ÷ (73,2962,104) = 50.73%

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. United Parcel Service Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.