Tyson Foods invested $ 1.199 million in property, plant and equipment in the 12 months ended October 3, 2020, a 4.8% drop year-on-year.
Fixed assets, also known as tangible assets or property, plant and equipment, is a term used in accounting for assets and property that cannot be easily converted to cash.
This can be compared to current assets such as cash or bank accounts, described as liquid assets. In most cases, only tangible assets are called fixed.
In the same period ended in 2018, Tyson Foods invested $ 1.2 billion.
Tyson Foods is one of the world’s largest food companies and a recognized leader in protein.
Founded in 1935 by John W. Tyson and developed under three generations of family leadership, the company has a broad portfolio of products and brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp, and State Fair.
Headquartered in Springdale, Arkansas, the company had approximately 139,000 employees as of October 3, 2020.
The company operates a vertically integrated chicken production process with the majority of its production certified as antibiotic-free (sometimes referred to as “NAE”).
Tyson Foods’ integrated operations consist of breeders, contract farmers, feed production, processing, further processing, marketing and transportation of chicken and related specialty products, including animal and pet food ingredients.
Through our wholly owned subsidiary, Cobb-Vantress, Inc., it is one of the leading suppliers of poultry farming livestock in the world.
Tyson Foods also processes live-fed cattle and pigs, and we manufacture carcasses of beef and pork prepared in primary and sub-primary cuts of meat, ready-to-store beef and pork, and fully cooked meats.
In addition, the company derives value from specialty products such as assorted skins and meats that are sold to other processors and others.