Jerash Holdings (US), Inc. PP&E Disclosure
Property, plant, and equipment, net consisted of the following:
| As of | As of | |||||||
| March 31, 2025 | March 31, 2024 | |||||||
| Land | $ | 2,200,334 | $ | 2,200,334 | ||||
| Property and buildings(1) | 21,158,457 | 10,540,962 | ||||||
| Equipment and machinery | 13,540,863 | 12,529,813 | ||||||
| Office and electric equipment | 1,484,093 | 1,086,203 | ||||||
| Automobiles | 1,382,946 | 1,333,823 | ||||||
| Leasehold improvements | 4,513,590 | 4,380,202 | ||||||
| Subtotal | 44,280,283 | 32,071,337 | ||||||
| Construction in progress (1) | 9,550,778 | |||||||
| Less: Accumulated depreciation and amortization | (19,256,602 | ) | (16,624,019 | ) | ||||
| Property, plant, and equipment, net | $ | 25,023,681 | $ | 24,998,096 | ||||
| (1) | In April 2022, the Company commenced a construction project to build a dormitory for employees. The construction is built on a land of 4,516 square meters (approximately 48,608 square feet) in Al Tajamouat Industrial City, Jordan, which was acquired by the Company in 2020. The dormitory building includes a kitchen to provide catering service for employees. Through March 31, 2025, the Company had spent approximately JOD 7.5 million (approximately $10.6 million) for the dormitory construction, dormitory kitchen, and improvement work. The dormitory and kitchen were fully completed and put in service in the second quarter and the fourth quarter of fiscal 2025, respectively. Construction cost has been transferred from construction in process to property and buildings. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 26, 2025 | Showing above |
| 2024 | Jun 28, 2024 | |
| 2023 | Jun 28, 2023 | |
| 2022 | Jun 27, 2022 | |
| 2021 | Jun 23, 2021 | |
| 2020 | Jun 29, 2020 | |
| 2019 | Jun 28, 2019 | |
| 2018 | Jun 28, 2018 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.