UTX (Ultratrex) Accumulated Depreciation: $-2.17 Mil (As of Dec. 2024)

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What is Ultratrex Accumulated Depreciation?

Ultratrex UTX Accumulated Depreciation is $-2.17 Mil as of Dec. 2024.

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

Ultratrex's quarterly accumulated depreciation increased from Dec. 2023 ($0.00 Mil) to Jun. 2024 ($-2.16 Mil) and increased from Jun. 2024 ($-2.16 Mil) to Dec. 2024 ($-2.17 Mil).

Ultratrex's annual accumulated depreciation declined from . 20 ($0.00 Mil) to Jun. 2023 ($-1.54 Mil) but then increased from Jun. 2023 ($-1.54 Mil) to Jun. 2024 ($-2.16 Mil).

Ultratrex Accumulated Depreciation Related Terms

Ultratrex Accumulated Depreciation Historical Data

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The historical data trend for Ultratrex'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.

Ultratrex Accumulated Depreciation Chart

Ultratrex Annual Data
Trend Jun23 Jun24
Accumulated Depreciation
-1.54 -2.16

Ultratrex Semi-Annual Data
Jun23 Dec23 Jun24 Dec24
Accumulated Depreciation -1.54 0.00 -2.16 -2.17

Ultratrex 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 $-2.17 Mil mean?
Ultratrex (UTX) has a Accumulated Depreciation of $-2.17 Mil as of Dec. 2024. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Ultratrex and its competitors.
Is Ultratrex's Accumulated Depreciation too high?
Ultratrex's current Accumulated Depreciation is $-2.17 Mil.
How does Ultratrex's Accumulated Depreciation compare to ?
Ultratrex's Accumulated Depreciation of $-2.17 Mil can be compared against companies in the Farm & Heavy Construction Machinery 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 Farm & Heavy Construction Machinery company?
A good Accumulated Depreciation depends on the Farm & Heavy Construction Machinery 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 Ultratrex and its competitors. Ultratrex's current Accumulated Depreciation is $-2.17 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultratrex stock overvalued right now?
Ultratrex (UTX) has a current Accumulated Depreciation of $-2.17 Mil. The current Accumulated Depreciation is $-2.17 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 Ultratrex (UTX), the current Accumulated Depreciation is $-2.17 Mil as of Dec. 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.

Ultratrex Business Description

Comparable Companies
Address 220 Orchard Road, Unit 05-02, Midpoint Orchard, Singapore, SGP, 238852
Ultratrex Inc is a holding company engaged in the manufacturing, trading and leasing of amphibious excavators, dredgers, machineries and amphibious harvesters, leasing of all kinds of hydraulic cranes, related heavy machineries and spare parts, as well as import and export of heavy machineries and related business. The Group operates in a single business segment involving manufacturing, trading and leasing of amphibious excavators, dredgers machineries and amphibious harvesters, and leasing of hydraulic cranes, related heavy machineries and spare parts. Its main revenue is generated mainly from the manufacturing and sale of amphibious vehicles and spare parts. The Group operates across Asia Pacific with majority of revenue, Europe, the Middle East, Africa, South America and North America.