FIFG (First Foods Group) Accumulated Depreciation: $-0.28 Mil (As of Sep. 2023)

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What is First Foods Group Accumulated Depreciation?

First Foods Group FIFG -99.50% Accumulated Depreciation is $-0.28 Mil as of Sep. 2023.

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

First Foods Group's quarterly accumulated depreciation stayed the same from Mar. 2023 ($-0.28 Mil) to Jun. 2023 ($-0.28 Mil) and stayed the same from Jun. 2023 ($-0.28 Mil) to Sep. 2023 ($-0.28 Mil).

First Foods Group's annual accumulated depreciation increased from Dec. 2020 ($-0.04 Mil) to Dec. 2021 ($-0.14 Mil) and increased from Dec. 2021 ($-0.14 Mil) to Dec. 2022 ($-0.28 Mil).

First Foods Group Accumulated Depreciation Related Terms

First Foods Group Accumulated Depreciation Historical Data

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The historical data trend for First Foods Group'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.

First Foods Group Accumulated Depreciation Chart

First Foods Group Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accumulated Depreciation
Get a 7-Day Free Trial 0.00 0.00 -0.04 -0.14 -0.28

First Foods Group Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 -0.23 -0.28 -0.28 -0.28 -0.28

First Foods Group 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 $-0.28 Mil mean?
First Foods Group (FIFG) has a Accumulated Depreciation of $-0.28 Mil as of Sep. 2023. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on First Foods Group and its competitors.
Is First Foods Group's Accumulated Depreciation too high?
First Foods Group's current Accumulated Depreciation is $-0.28 Mil.
How does First Foods Group's Accumulated Depreciation compare to BLIS and JFIL?
First Foods Group's Accumulated Depreciation of $-0.28 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Accumulated Depreciation depends on the Business Services 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 First Foods Group and its competitors. First Foods Group's current Accumulated Depreciation is $-0.28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Foods Group stock overvalued right now?
First Foods Group (FIFG) has a current Accumulated Depreciation of $-0.28 Mil. The current Accumulated Depreciation is $-0.28 Mil. 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 First Foods Group (FIFG), the current Accumulated Depreciation is $-0.28 Mil as of Sep. 2023. 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.

First Foods Group Business Description

Address c/o Incorp Services, Inc, 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, NV, USA, 89169-6014
First Foods Group Inc is a smaller reporting company focused on developing specialty chocolate product line and related IP through its Holy Cacao subsidiary. In addition, it is also involved in merchant cash advance participations. Key revenue is derived from merchant cash advance income. It is also involved in new health-related brands, concepts and products through FFGI Wholesaling Division and participating in merchant cash advances through First Foods Funding Division. The Company conducts business as two operating segments, First Foods and Holy Cacao.