South32 (ASX:S32) Accumulated Depreciation: A$-18,636 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:S32 South32 Ltd ASX:S32
46 GF Score
Price A$5.30
! 7 Warning Signs
View Full Analysis

What is South32 Accumulated Depreciation?

South32 ASX:S32 +1.53% 46 Accumulated Depreciation is A$-18,636 Mil as of Jun. 2026. GuruFocus rates ASX:S32 with a GF Score™ of 46/100. The stock has 7 warning signs investors should review.

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

South32's quarterly accumulated depreciation declined from Jun. 2025 (A$-19,441 Mil) to Dec. 2025 (A$0 Mil) but then increased from Dec. 2025 (A$0 Mil) to Jun. 2026 (A$-18,636 Mil).

South32's annual accumulated depreciation declined from Jun. 2024 (A$-20,102 Mil) to Jun. 2025 (A$-19,441 Mil) but then stayed the same from Jun. 2025 (A$-19,441 Mil) to Jun. 2026 (A$-18,636 Mil).

South32 Accumulated Depreciation Related Terms

South32 Accumulated Depreciation Historical Data

* Premium members only.

The historical data trend for South32'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.

South32 Accumulated Depreciation Chart

South32 Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -18,672.61 -22,074.35 -20,102.09 -19,441.15 -18,635.61

South32 Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -20,102.09 0.00 -19,441.15 0.00 -18,635.61
ASX:S32
46GF Score
South32 Ltd ASX:S32
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

South32 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.

What does a Accumulated Depreciation of A$-18,636 Mil mean?
South32 (ASX:S32) has a Accumulated Depreciation of A$-18,636 Mil as of Jun. 2026. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on South32 and its competitors.
Is South32's Accumulated Depreciation too high?
South32's current Accumulated Depreciation is A$-18,636 Mil. Overall, South32 has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does South32's Accumulated Depreciation compare to competitors?
South32's Accumulated Depreciation of A$-18,636 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for a Metals & Mining company?
A good Accumulated Depreciation depends on the Metals & Mining industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on South32 and its competitors. South32's current Accumulated Depreciation is A$-18,636 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South32 stock overvalued right now?
South32 (ASX:S32) has a current Accumulated Depreciation of A$-18,636 Mil. The current Accumulated Depreciation is A$-18,636 Mil. South32's overall GF Score™ is 46/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For South32 (ASX:S32), the current Accumulated Depreciation is A$-18,636 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

South32 Business Description

Address 100 Street Georges Terrace, Level 2, Perth, WA, AUS, 6000
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
46GF Score

Get the complete analysis for ASX:S32

Accumulated Depreciation is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$5.30
Price