QIND (Quality Industrial) Accumulated Depreciation: $-40.63 Mil (As of Jun. 2023)

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Director of Data and Quant Analytics at GuruFocus
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What is Quality Industrial Accumulated Depreciation?

Quality Industrial QIND Accumulated Depreciation is $-40.63 Mil as of Jun. 2023.

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

Quality Industrial's quarterly accumulated depreciation stayed the same from Dec. 2022 ($0.00 Mil) to Mar. 2023 ($0.00 Mil) but then increased from Mar. 2023 ($0.00 Mil) to Jun. 2023 ($-40.63 Mil).

Quality Industrial Accumulated Depreciation Related Terms

Quality Industrial Accumulated Depreciation Historical Data

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The historical data trend for Quality Industrial'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.

Quality Industrial Accumulated Depreciation Chart

Quality Industrial Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Accumulated Depreciation
0.00 0.00 0.00 0.00

Quality Industrial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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 0.00 0.00 0.00 0.00 -40.63

Quality Industrial 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 $-40.63 Mil mean?
Quality Industrial (QIND) has a Accumulated Depreciation of $-40.63 Mil as of Jun. 2023. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Quality Industrial and its competitors.
Is Quality Industrial's Accumulated Depreciation too high?
Quality Industrial's current Accumulated Depreciation is $-40.63 Mil.
How does Quality Industrial's Accumulated Depreciation compare to OPTT and AUSI?
Quality Industrial's Accumulated Depreciation of $-40.63 Mil can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Accumulated Depreciation depends on the Industrial Products 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 Quality Industrial and its competitors. Quality Industrial's current Accumulated Depreciation is $-40.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Quality Industrial stock overvalued right now?
Quality Industrial (QIND) has a current Accumulated Depreciation of $-40.63 Mil. The current Accumulated Depreciation is $-40.63 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 Quality Industrial (QIND), the current Accumulated Depreciation is $-40.63 Mil as of Jun. 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.

Quality Industrial Business Description

Address 505 Montgomery Street, San Francisco, CA, USA, 94104
Quality Industrial Corp is engaged in the manufacture and assembly of industrial equipment and precision-engineered technology for the Industrial, Oil & Gas, and Utility sectors. Its services include consulting, designing, supplying, installing, and maintaining LPG systems, as well as the transportation and supply of LPG in both bulk and cylinder formats. The firm cater to a diverse range of clients, including commercial buildings, mixed-use apartment complexes, shopping centers, food courts, heavy industries, labor accommodations, catering units, commercial kitchens, and dining establishments.