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Volato Group (Volato Group) Accumulated Depreciation : $-0.25 Mil (As of Mar. 2024)


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What is Volato Group Accumulated Depreciation?

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

Volato Group's quarterly accumulated depreciation declined from Sep. 2023 ($-0.22 Mil) to Dec. 2023 ($-0.19 Mil) but then increased from Dec. 2023 ($-0.19 Mil) to Mar. 2024 ($-0.25 Mil).

Volato Group's annual accumulated depreciation increased from Dec. 2021 ($-0.03 Mil) to Dec. 2022 ($-0.06 Mil) and increased from Dec. 2022 ($-0.06 Mil) to Dec. 2023 ($-0.19 Mil).

Volato Group Accumulated Depreciation Historical Data

The historical data trend for Volato Group'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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Volato Group Accumulated Depreciation Chart

Volato Group Annual Data
Trend Dec21 Dec22 Dec23
Accumulated Depreciation
-0.03 -0.06 -0.19

Volato Group Quarterly Data
Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Accumulated Depreciation Get a 7-Day Free Trial - -0.14 -0.22 -0.19 -0.25

Volato Group 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.

Volato Group Accumulated Depreciation Related Terms

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Volato Group (Volato Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Volato Group Inc (AMEX:SOAR.WS) » Definitions » Accumulated Depreciation
Comparable Companies
Traded in Other Exchanges
SOAR:USA
Address
1954 Airport Road, Suite 124, Chamblee, GA, USA, 30341
Website
https://www.flyvolato.com
Volato Group Inc operates an aircraft ownership program, provides ad-hoc charter flights, sells deposit products, and manages aircraft for owners in the private aviation industry. The Volato aircraft ownership program consists of facilitating the formation of limited liability companies owned by third-party members. Subsequently, the Company sells an aircraft to each limited liability company.

Volato Group (Volato Group) Headlines

From GuruFocus

Volato Group Inc (SOAR) Navigates Market Turbulence with Strategic Fleet Expansion Despite Revenue Dip

By GuruFocus Research • 03-26-2024