IRESS (ASX:IRE) Accumulated Depreciation : A$-130.5 Mil (As of Dec. 2023)

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What is IRESS Accumulated Depreciation?

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

IRESS's quarterly accumulated depreciation declined from Dec. 2022 (A$-118.9 Mil) to Jun. 2023 (A$0.0 Mil) but then increased from Jun. 2023 (A$0.0 Mil) to Dec. 2023 (A$-130.5 Mil).

IRESS's annual accumulated depreciation increased from Dec. 2021 (A$-98.9 Mil) to Dec. 2022 (A$-118.9 Mil) and increased from Dec. 2022 (A$-118.9 Mil) to Dec. 2023 (A$-130.5 Mil).

IRESS Accumulated Depreciation Historical Data

The historical data trend for IRESS'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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IRESS Accumulated Depreciation Chart

IRESS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

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-104.43

-100.13

-98.91

-118.94

-130.54

IRESS Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial															-98.91	-	-118.94	-	-130.54

IRESS 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.

IRESS Accumulated Depreciation Related Terms

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IRESS (ASX:IRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IRESS Ltd (ASX:IRE) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

BRF:Germany

Address

385 Bourke Street, Level 16, Melbourne, VIC, AUS, 3000

Website

https://www.iress.com

Iress develops software for the financial-services industry, operating in multiple regions and servicing clients ranging from small retail to large institutional businesses. Its core business unit, mainly in Australia, generates most of the company's earnings and free cash flows. Iress expanded into noncore markets through acquisitions, ultimately eroding returns and margins, with free cash flows from the core business invested in the noncore businesses. Its recent strategy includes reprioritizing growth in the core APAC business and divesting/monetizing noncore businesses. We view this renewed focus on its core business as a positive, as it will help maintain Iress' economic moat.

IRESS (ASX:IRE) Headlines

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