PMMEF (Premium Exploration) Accumulated Depreciation: $-0.05 Mil (As of Sep. 2014)

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.

What is Premium Exploration Accumulated Depreciation?

Premium Exploration PMMEF -90.00% Accumulated Depreciation is $-0.05 Mil as of Sep. 2014.

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

Premium Exploration's quarterly accumulated depreciation increased from Mar. 2014 ($-0.05 Mil) to Jun. 2014 ($-0.05 Mil) and increased from Jun. 2014 ($-0.05 Mil) to Sep. 2014 ($-0.05 Mil).

Premium Exploration's annual accumulated depreciation increased from Dec. 2011 ($-0.02 Mil) to Dec. 2012 ($-0.04 Mil) but then stayed the same from Dec. 2012 ($-0.04 Mil) to Dec. 2013 ($-0.04 Mil).

Premium Exploration Accumulated Depreciation Related Terms

Premium Exploration Accumulated Depreciation Historical Data

* Premium members only.

The historical data trend for Premium Exploration'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.

Premium Exploration Accumulated Depreciation Chart

Premium Exploration Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only -0.13 -0.01 -0.02 -0.04 -0.04

Premium Exploration Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
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 -0.06 -0.04 -0.05 -0.05 -0.05

Premium Exploration 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 $-0.05 Mil mean?
Premium Exploration (PMMEF) has a Accumulated Depreciation of $-0.05 Mil as of Sep. 2014. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Premium Exploration and its competitors.
Is Premium Exploration's Accumulated Depreciation too high?
Premium Exploration's current Accumulated Depreciation is $-0.05 Mil.
How does Premium Exploration's Accumulated Depreciation compare to competitors?
Premium Exploration's Accumulated Depreciation of $-0.05 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 Premium Exploration and its competitors. Premium Exploration's current Accumulated Depreciation is $-0.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Premium Exploration stock overvalued right now?
Premium Exploration (PMMEF) has a current Accumulated Depreciation of $-0.05 Mil. The current Accumulated Depreciation is $-0.05 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 Premium Exploration (PMMEF), the current Accumulated Depreciation is $-0.05 Mil as of Sep. 2014. 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.

Premium Exploration Business Description

Address 254 W. Hanley Avenue, Suite A, Coeur d\'Alene, ID, USA, 83815
Premium Exploration Inc is a mineral exploration company operating in Canada. It mainly explores and develops precious metal properties. The company owns an interest in the Idaho Gold Project, which includes Buffalo Gulch Zone, the Deadwood Zone, the Friday Zone, the Project X Zone, the Monday Zone and the Lucky Strike Zone. It also holds exploration interest in Chrome Mountain Property.