Rio2 (RIOFF) Accumulated Depreciation

: $-4.03 Mil (As of Sep. 2023)

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

Rio2's quarterly accumulated depreciation increased from Mar. 2023 ($-3.12 Mil) to Jun. 2023 ($-3.61 Mil) and increased from Jun. 2023 ($-3.61 Mil) to Sep. 2023 ($-4.03 Mil).

Rio2's annual accumulated depreciation increased from Dec. 2020 ($-0.16 Mil) to Dec. 2021 ($-0.23 Mil) and increased from Dec. 2021 ($-0.23 Mil) to Dec. 2022 ($-2.52 Mil).

Rio2 Accumulated Depreciation Historical Data

The historical data trend for Rio2'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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Rio2 Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accumulated Depreciation

-0.04

-0.16

-0.23

-2.52

Rio2 Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Accumulated Depreciation																-1.62	-2.52	-3.12	-3.61	-4.03

Rio2 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.

Rio2 Accumulated Depreciation Related Terms

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Rio2 (RIOFF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rio2 Ltd (OTCPK:RIOFF) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

1SB:Germany RIO:Canada

Address

355 Burrard Street, Suite 1000, The Marine Building, Vancouver, BC, CAN, V6C 2G8

Website

https://www.rio2.com

Rio2 Ltd is a mining company with a focus on development and mining operations. It focuses on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile. The Company has four operating segments in four geographic areas which is the corporate office in Canada, the financing of the Fenix Gold Project in the Bahamas the support of the Fenix Gold Project in Peru, and the development of the Fenix Gold Project in Chile.

Rio2 (RIOFF) Headlines

From GuruFocus

Rio2 Secures Environmental Approval for Fenix Gold Project

By GlobeNewswire • 12-20-2023

Rio2 Limited Issues Shares In Lieu of Salaries

By GlobeNewswire • 10-06-2023

Rio2 Prices C$25 Million Marketed Public Offering and US$5 Million Non-Brokered Private Placement

By GlobeNewswire GlobeNewswire • 07-22-2021

Rio2 Limited Gets Approval for Issuing Shares in Lieu of Salaries

By GlobeNewswire GlobeNewswire • 03-27-2023