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This statistic highlights NeoPhotonics’ Property, Plant, and Equipment by Region, reported annually from the year 2013 onwards.
Based in California, NeoPhotonics Corporation is an American public corporation company and founded in 1996. The company’s prime business is to manufactures, develop, and sell optoelectronic products that receive, switch, and transmit high speed digital optical signals for communications networks. These products include tunable lasers, transceivers, high bandwidth receivers, photonic integrated circuits, optical semiconductors, and 100 GBPS and above modules. Each of these is “cost-effective components that handle massive amounts of data at very high speeds.”
This data will help the investor to know about the capital expenditures of the company and how significantly it will impact the financial position of a company. An investor needs to know where the company is allocating its capital, making capital expenditures, and how the company plans to raise the capital for their projects, to ensure their value in the company.
The year 2013
This year the company valued its plant, property, and equipment to $68.85 million with significant improvements in China. NeoPhotonics highly scaled up its business in China and the United States. Both states cover more than 75% of the company’s plant, property, and equipment. On the other hand, Japan is keeping up with its pace, marking the figure of 15.70 million of plant, property, and equipment. Apart from these states, the plant, property, and equipment in the rest of the world are quite low, but the company is continuously focussing on scaling up in weak regions.
The year 2014
Compared to last year, the company’s overall value of plant, property, and equipment dropped, as the company wrote off specific leasehold improvements in its facility in Fremont, California. This year, the company recorded an asset impairment charge of $1.1 million in connection with the company’s business realignment initiatives. Additionally, a substantial portion of property, plant, and equipment, 51% were placed in China. The plant, property, and equipment significantly improved in the rest of the world to $823K from $18K, during the year.
The year 2015
With significant improvements in the rest of the world, the major portion in China drops to $24.33 million. Overall, the purchases of the company increased by $5.8 million worldwide. The plant, property, and equipment in the rest of the world again substantially increased to $3.37 million, while minute growth reported in Japan and the United States. Additionally, the company wrote off $0.2 million of property, plant, and equipment.
The year 2016
The overall value of plant, property, and equipment substantially increased during the year. The company witnessed a $34.9 million increase in property, plant, and equipment purchases to meet their product demand. Japan reported more than 100% growth in its plant, property, and equipment to $31.78 million. While China and the United States also reported an intact increase in their plant, property, and equipment.
The year 2017
Being the highest holder of plant, property, and equipment, China dropped down to $37.21 million. Plant, property, and equipment in the rest of the world also decreased to $4.28 million. On the contrary side, Japan and the United States reported growth. This year, the company reported a decrease in property, plant, and equipment purchases of $4.3 million. At the end of the year, the overall value of plant, property, and equipment globally stands at $127.56 million.
The year 2018
This year, the company reported a drastic change in the significant operational countries, i.e., the U.S., China, and Japan. On the contrary side, the plant, property, and equipment in the rest of the world jumped to $14.08 million. Apart from significant changes, the company wrote-off $1 million of property, plant, and equipment within operating expenses and reclassified $2.5 million of property, plant, and equipment within assets held for sale.
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