PRICESMART INC PP&E Disclosure
| August 31, 2025 | August 31, 2024 | ||||||||||
| Land | $ | 287,979 | $ | 278,115 | |||||||
| Building and improvements | 846,510 | 737,269 | |||||||||
| Fixtures and equipment | 464,893 | 421,273 | |||||||||
| Construction in progress | 45,535 | 85,271 | |||||||||
| Total property and equipment, historical cost | 1,644,917 | 1,521,928 | |||||||||
| Less: accumulated depreciation | (648,636) | (585,820) | |||||||||
| Property and equipment, net | $ | 996,281 | $ | 936,108 | |||||||
| Historical Cost | Accumulated Depreciation | Proceeds from disposal | Loss recognized | ||||||||||||||||||||
Fiscal Year 2025 | $ | 31,043 | $ | 28,093 | $ | 483 | $ | (2,467) | |||||||||||||||
Fiscal Year 2024 | $ | 24,803 | $ | 19,370 | $ | 3,265 | $ | (2,168) | |||||||||||||||
Fiscal Year 2023 | $ | 11,484 | $ | 10,379 | $ | 361 | $ | (744) | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Oct 30, 2025 | Showing above |
| 2024 | Oct 30, 2024 | |
| 2023 | Oct 30, 2023 | |
| 2022 | Oct 31, 2022 | |
| 2021 | Oct 21, 2021 | |
| 2020 | Oct 30, 2020 | |
| 2019 | Oct 29, 2019 | |
| 2018 | Oct 25, 2018 | |
| 2017 | Oct 26, 2017 | |
| 2016 | Oct 27, 2016 | |
| 2015 | Oct 29, 2015 | |
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.