Cell Therapeutics (CTIC)

0.91 -0.01  -1.09%  May 25, 11:00PM Go Pro
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Cell Therapeutics Net PP&E: 4.261M

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CTIC Net PP&E Rankings

Overall 10th percentile 3198 of 3566
Sector 34th percentile 276 of 422 in Healthcare
Industry 54th percentile 60 of 132 in Biotechnology

CTIC Net PP&E Range, Past 5 Years

Minimum 2.658M Sep 2009
Maximum 6.478M Jun 2007
Average 4.292M

About Net PP&E

Net PP&E is short for Net Property Plant and Equipment. Property Plant and Equipment is the value of all buildings, land, furniture, and other physical capital that a business has purchased to run its business. The term "Net" means that it is "Net" of accumulated depreciation expenses.

For example, assume that a company buys a building worth $1,000,000, along with $50,000 of furniture. Their Net PP&E at the moment of purchase is $1,050,000.

Each year, however, the company must depreciate the value of that PP&E to account for the fact that it will wear out an need to be fixed or re-purchased in the future. Assume that in the first year, the company depreciates the building and furniture by $105,000 (or 10% of the original value). Then, at the end of the year, its Net PP&E is:

$1,050,000 - $105,000 = $945,000

As the company buys more PP&E, the value of its Net PP&E will increase, and as time passes, the value will decrease according to depreciation expenses.
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