LG Energy Solution (XKRX:373220) Accumulated Depreciation : ₩-8,699,456 Mil (As of Dec. 2023)

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What is LG Energy Solution Accumulated Depreciation?

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

LG Energy Solution's quarterly accumulated depreciation stayed the same from Jun. 2023 (₩0 Mil) to Sep. 2023 (₩0 Mil) but then increased from Sep. 2023 (₩0 Mil) to Dec. 2023 (₩-8,699,456 Mil).

LG Energy Solution's annual accumulated depreciation increased from Dec. 2021 (₩-5,153,212 Mil) to Dec. 2022 (₩-6,687,996 Mil) and increased from Dec. 2022 (₩-6,687,996 Mil) to Dec. 2023 (₩-8,699,456 Mil).

LG Energy Solution Accumulated Depreciation Historical Data

The historical data trend for LG Energy Solution'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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LG Energy Solution Accumulated Depreciation Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Accumulated Depreciation

-3,686,726.00

-5,153,212.00

-6,687,996.00

-8,699,456.00

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accumulated Depreciation	Get a 7-Day Free Trial							-6,687,996.00	-	-	-	-8,699,456.00

LG Energy Solution 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.

LG Energy Solution Accumulated Depreciation Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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