Novo Resources (ASX:NVO) Accumulated Depreciation : A$-12.99 Mil (As of Mar. 2024)

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What is Novo Resources Accumulated Depreciation?

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Novo Resources's quarterly accumulated depreciation declined from Sep. 2023 (A$-141.87 Mil) to Dec. 2023 (A$-12.54 Mil) but then increased from Dec. 2023 (A$-12.54 Mil) to Mar. 2024 (A$-12.99 Mil).

Novo Resources's annual accumulated depreciation increased from Dec. 2021 (A$-63.19 Mil) to Dec. 2022 (A$-138.03 Mil) but then stayed the same from Dec. 2022 (A$-138.03 Mil) to Dec. 2023 (A$-12.54 Mil).

Novo Resources Accumulated Depreciation Historical Data

The historical data trend for Novo Resources's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Novo Resources Accumulated Depreciation Chart

Novo Resources Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-0.24

-63.19

-138.03

-12.54

Novo Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accumulated Depreciation	Get a 7-Day Free Trial															-138.19	-139.40	-141.87	-12.54	-12.99

Novo Resources Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

Novo Resources Accumulated Depreciation Related Terms

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Novo Resources (ASX:NVO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (ASX:NVO) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

NSRPF:USA 1NO:Germany NVO:Canada

Address

1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5

Website

https://www.novoresources.com

Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.