Summit Financial Group (SMMF)

5.27 +0.12  +2.33%  May 30, 8:00PM Go Pro
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Summit Financial Group Net PP&E

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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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SMMF News

Financial Sector Wrap
May 11, 5:08PM
$SMMF filed latest Quarterly Report http://stks.co/3f0c
about 28 days ago by MarketBrief
$SMMF filed latest Proxy Statement with the SEC (Form DEF 14A) http://stks.co/3FUO
about 55 days ago by MarketBrief
$SMMF Insider Buy: $285K of stock bought by Hawse Thomas J Iii (Director) on December 16, 2011 http://stks.co/1bv6
about 164 days ago by MarketBrief
$SMMF filed latest Quarterly Report http://stks.co/yui
about 209 days ago by MarketBrief
Summit Financial Group falls 15.7%
Sep 28, 10:00AM FlyOnTheWall
Summit Financial Group rises 12.6%
Aug 18, 12:00PM FlyOnTheWall

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