SMGI (SMG Industries) Accumulated Depreciation: $-19.34 Mil (As of Sep. 2023)

Author: Vera Yuan Vera Yuan
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SMGI SMG Industries Inc SMGI
12 GF Score
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What is SMG Industries Accumulated Depreciation?

SMG Industries SMGI 12 Accumulated Depreciation is $-19.34 Mil as of Sep. 2023. GuruFocus rates SMGI 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.

SMG Industries's quarterly accumulated depreciation increased from Mar. 2023 ($-16.12 Mil) to Jun. 2023 ($-16.86 Mil) and increased from Jun. 2023 ($-16.86 Mil) to Sep. 2023 ($-19.34 Mil).

SMG Industries's annual accumulated depreciation increased from Dec. 2020 ($-5.99 Mil) to Dec. 2021 ($-11.26 Mil) and increased from Dec. 2021 ($-11.26 Mil) to Dec. 2022 ($-15.33 Mil).

SMG Industries Accumulated Depreciation Related Terms

SMG Industries Accumulated Depreciation Historical Data

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The historical data trend for SMG Industries'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.

SMG Industries Accumulated Depreciation Chart

SMG Industries Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.31 -0.45 -5.99 -11.26 -15.33

SMG Industries 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 -15.23 -15.33 -16.12 -16.86 -19.34
SMGI
12GF Score
SMG Industries Inc SMGI
Accumulated Depreciation is just one metric. See GF Score™, valuation, warning signs, and more.
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SMG Industries 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 $-19.34 Mil mean?
SMG Industries (SMGI) has a Accumulated Depreciation of $-19.34 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 SMG Industries and its competitors.
Is SMG Industries' Accumulated Depreciation too high?
SMG Industries' current Accumulated Depreciation is $-19.34 Mil. Overall, SMG Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SMG Industries' Accumulated Depreciation compare to SND and PFIE?
SMG Industries' Accumulated Depreciation of $-19.34 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 SMG Industries and its competitors. SMG Industries's current Accumulated Depreciation is $-19.34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMG Industries stock overvalued right now?
SMG Industries (SMGI) has a current Accumulated Depreciation of $-19.34 Mil. The current Accumulated Depreciation is $-19.34 Mil. SMG Industries' 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 SMG Industries (SMGI), the current Accumulated Depreciation is $-19.34 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.

SMG Industries Business Description

Industry EnergyOil & Gas
Address State Highway 249, Suite 450, Houston, TX, USA, 77070
SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.
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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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