Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Accumulated Depreciation : KWD0.0 Mil (As of Mar. 2024)

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What is Ali Alghanim Sons Automotive Co KSC Accumulated Depreciation?

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

Ali Alghanim Sons Automotive Co KSC's quarterly accumulated depreciation increased from Sep. 2023 (KWD0.0 Mil) to Dec. 2023 (KWD-36.6 Mil) but then stayed the same from Dec. 2023 (KWD-36.6 Mil) to Mar. 2024 (KWD0.0 Mil).

Ali Alghanim Sons Automotive Co KSC's annual accumulated depreciation increased from Dec. 2021 (KWD-31.7 Mil) to Dec. 2022 (KWD-35.5 Mil) and increased from Dec. 2022 (KWD-35.5 Mil) to Dec. 2023 (KWD-36.6 Mil).

Ali Alghanim Sons Automotive Co KSC Accumulated Depreciation Historical Data

The historical data trend for Ali Alghanim Sons Automotive Co KSC'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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Ali Alghanim Sons Automotive Co KSC Accumulated Depreciation Chart

Ali Alghanim Sons Automotive Co KSC Annual Data

Trend

Dec21

Dec22

Dec23

Accumulated Depreciation

-31.71

-35.54

-36.55

Ali Alghanim Sons Automotive Co KSC Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Accumulated Depreciation	Get a 7-Day Free Trial							-	-	-	-36.55	-

Ali Alghanim Sons Automotive Co KSC 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.

Ali Alghanim Sons Automotive Co KSC Accumulated Depreciation Related Terms

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Ali Alghanim Sons Automotive Co KSC (KUW:ALG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ali Alghanim Sons Automotive Co KSC (KUW:ALG) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road 55, P.O. Box 21540, Safat, Opposite Kaifan Telecommunication, Shuwaikh, KWT, 13076

Website

https://alg.com.kw

Ali Alghanim Sons Automotive Co KSC is engaged in the automotive business. The Primary Activities of the Company are selling and purchasing cars and spare parts, importing and exporting light and heavy vehicles and cars, renting cars, maintaining light & heavy vehicles and cars, trading auto spare parts, and renting equipment and their maintenance. The Group is divided into four main geographical segments which are the State of Kuwait, Iraq, Egypt and the United Arab Emirates. The majority is derived from Kuwait.