POFCF (Petrofac) Accumulated Depreciation: $0 Mil (As of Jun. 2024)

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POFCF Petrofac Ltd POFCF
12 GF Score
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What is Petrofac Accumulated Depreciation?

Petrofac POFCF -95.67% 12 Accumulated Depreciation is $0 Mil as of Jun. 2024. GuruFocus rates POFCF with a GF Score™ of 12/100.

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

Petrofac's quarterly accumulated depreciation increased from Jun. 2023 ($0 Mil) to Dec. 2023 ($-951 Mil) but then stayed the same from Dec. 2023 ($-951 Mil) to Jun. 2024 ($0 Mil).

Petrofac's annual accumulated depreciation declined from Dec. 2021 ($-1,184 Mil) to Dec. 2022 ($-894 Mil) but then increased from Dec. 2022 ($-894 Mil) to Dec. 2023 ($-951 Mil).

Petrofac Accumulated Depreciation Related Terms

Petrofac Accumulated Depreciation Historical Data

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The historical data trend for Petrofac'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.

Petrofac Accumulated Depreciation Chart

Petrofac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -1,101.00 -1,184.00 -894.00 -951.00

Petrofac Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 0.00 -894.00 0.00 -951.00 0.00
POFCF
12GF Score
Petrofac Ltd POFCF
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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Petrofac 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 Mil mean?
Petrofac (POFCF) has a Accumulated Depreciation of $0 Mil as of Jun. 2024. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Petrofac and its competitors.
Is Petrofac's Accumulated Depreciation too high?
Petrofac's current Accumulated Depreciation is $0 Mil. Overall, Petrofac has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Petrofac's Accumulated Depreciation compare to SLB and BKR?
Petrofac's Accumulated Depreciation of $0 Mil can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas 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 Petrofac and its competitors. Petrofac's current Accumulated Depreciation is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petrofac stock overvalued right now?
Petrofac (POFCF) has a current Accumulated Depreciation of $0 Mil. The current Accumulated Depreciation is $0 Mil. Petrofac's overall GF Score™ is 12/100. 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 Petrofac (POFCF), the current Accumulated Depreciation is $0 Mil as of Jun. 2024. 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.

Petrofac Business Description

Industry EnergyOil & Gas
Address 26 New Street, St Helier, JEY, JE2 3RA
Petrofac Ltd provides engineering and construction services to the oil and gas production and processing industry. It designs, builds, operates, and maintains oil and gas facilities. The operating segments of the company include Engineering and Construction, Asset solutions, and Integrated Energy Services. It derives the majority of its revenue from the Asset Solutions segment which mainly includes reimbursable engineering and production services activities to the oil and gas industry. Geographically, the company derives maximum revenue from the United Kingdom and the rest from Algeria, Lithuania, Malaysia, the United States of America, Oman, and various other countries.
12GF Score

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

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