WXT (Wuxin Technology Holdings) Accumulated Depreciation: $-5.57 Mil (As of Dec. 2021)

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What is Wuxin Technology Holdings Accumulated Depreciation?

Wuxin Technology Holdings WXT Accumulated Depreciation is $-5.57 Mil as of Dec. 2021.

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

Wuxin Technology Holdings's quarterly accumulated depreciation increased from Dec. 2020 ($0.00 Mil) to Jun. 2021 ($-5.07 Mil) and increased from Jun. 2021 ($-5.07 Mil) to Dec. 2021 ($-5.57 Mil).

Wuxin Technology Holdings's annual accumulated depreciation declined from . 20 ($0.00 Mil) to Jun. 2020 ($-3.94 Mil) but then increased from Jun. 2020 ($-3.94 Mil) to Jun. 2021 ($-5.07 Mil).

Wuxin Technology Holdings Accumulated Depreciation Related Terms

Wuxin Technology Holdings Accumulated Depreciation Historical Data

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The historical data trend for Wuxin Technology Holdings'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.

Wuxin Technology Holdings Accumulated Depreciation Chart

Wuxin Technology Holdings Annual Data
Trend Jun20 Jun21
Accumulated Depreciation
-3.94 -5.07

Wuxin Technology Holdings Quarterly Data
Jun20 Dec20 Jun21 Dec21
Accumulated Depreciation -3.94 0.00 -5.07 -5.57

Wuxin Technology Holdings 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 $-5.57 Mil mean?
Wuxin Technology Holdings (WXT) has a Accumulated Depreciation of $-5.57 Mil as of Dec. 2021. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Wuxin Technology Holdings and its competitors.
Is Wuxin Technology Holdings' Accumulated Depreciation too high?
Wuxin Technology Holdings' current Accumulated Depreciation is $-5.57 Mil.
How does Wuxin Technology Holdings' Accumulated Depreciation compare to ?
Wuxin Technology Holdings' Accumulated Depreciation of $-5.57 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Accumulated Depreciation depends on the Hardware 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 Wuxin Technology Holdings and its competitors. Wuxin Technology Holdings's current Accumulated Depreciation is $-5.57 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wuxin Technology Holdings stock overvalued right now?
Wuxin Technology Holdings (WXT) has a current Accumulated Depreciation of $-5.57 Mil. The current Accumulated Depreciation is $-5.57 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 Wuxin Technology Holdings (WXT), the current Accumulated Depreciation is $-5.57 Mil as of Dec. 2021. 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.

Wuxin Technology Holdings Business Description

Comparable Companies
Address No. 2 Qiongyu Road, Nanshan District, Tefa Information and Technology Plaza, Floor 15, Shenzhen, CHN, 518052
Wuxin Technology Holdings Inc is engaged in providing Internet of Things connectivity solutions. The company has developed an ant delete center (ADC) protocol, which is a wireless, decentralized, and ad hoc protocol derived from the foraging principle of ant colonies, and allows an IoT network of numerous nodes to efficiently detect the shortest path of data transmission and decentralize the control.