Tower Financial Corporation (TOFC)
Add to Watchlists Create an AlertTower Financial Corporation Net PP&E:
8.874M for March 31, 2013Tower Financial Corporation Historical Net PP&E Data
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| Data for this Date Range | |
|---|---|
| March 31, 2013 | 8.874M |
| Dec. 31, 2012 | 8.904M |
| Sept. 30, 2012 | 8.903M |
| June 30, 2012 | 8.959M |
| March 31, 2012 | 9.106M |
| Dec. 31, 2011 | 9.063M |
| Sept. 30, 2011 | 8.587M |
| June 30, 2011 | 8.302M |
| March 31, 2011 | 8.237M |
| Dec. 31, 2010 | 8.330M |
| Sept. 30, 2010 | 8.507M |
| June 30, 2010 | 8.642M |
| March 31, 2010 | 8.258M |
| Dec. 31, 2009 | 8.012M |
| Sept. 30, 2009 | 8.000M |
| June 30, 2009 | 7.592M |
| March 31, 2009 | 7.818M |
| Dec. 31, 2008 | 8.011M |
| Sept. 30, 2008 | 8.188M |
| June 30, 2008 | 9.341M |
| March 31, 2008 | Go Pro |
| Dec. 31, 2007 | Go Pro |
| Sept. 30, 2007 | Go Pro |
| June 30, 2007 | Go Pro |
| March 31, 2007 | Go Pro |
| Dec. 31, 2006 | Go Pro |
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| June 30, 2001 | Go Pro |
| March 31, 2001 | Go Pro |
| Dec. 31, 2000 | Go Pro |
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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TOFC Net PP&E Benchmarks
| Companies | |
|---|---|
| American River Bankshares | 1.798M |
| Bancorp | 10.96M |
| Severn Bancorp | 26.45M |
TOFC Net PP&E Rankings
| Overall |
54th percentile 3662 of 8006 |
| Sector |
43rd percentile 537 of 956 in Financial Services |
| Industry |
34th percentile 291 of 445 in Banks - Regional - US |
TOFC Net PP&E Range, Past 5 Years
| Minimum | 7.592M | Jun 2009 |
| Maximum | 9.341M | Jun 2008 |
| Average | 8.482M |
