Grupo TMM (MEX:TMMA) Average Age of Fleet in Years : 0.00 (As of . 20)

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What is Grupo TMM Average Age of Fleet in Years?

Average Age of Fleet in Years indicates the average age of fleet of this coompany. Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life.

The historical rank and industry rank for Grupo TMM's Average Age of Fleet in Years or its related term are showing as below:

MEX:TMMA's Average Age of Fleet in Years is not ranked ^*
in the Transportation industry.
Industry Median:
* Ranked among companies with meaningful Average Age of Fleet in Years only.

Grupo TMM Average Age of Fleet in Years Historical Data

The historical data trend for Grupo TMM's Average Age of Fleet in Years 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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Grupo TMM Average Age of Fleet in Years Chart

Grupo TMM (MEX:TMMA) Average Age of Fleet in Years Explanation

Companies with a higher average age of fleet may need to spend more on buying new ships, which reduces cash position in the future. Usually it reflects that the company has financial problems and failed to buy new fleets. Under rare situations it reflects good maintenance for existing fleets and extending their life. Companies with a lower average age of fleet may also have a higher depreciation.

According to the data from statista.com, as of 2020, the average age of all ships in the world merchant fleet was just over 20 years. General cargo ships were the oldest type of vessels with an average age of around 26 years; likewise, over 65 percent of the world's cargo ships were older than 14 years, in contrast with over 18 percent of bulk carriers.

Grupo TMM Average Age of Fleet in Years Related Terms

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Grupo TMM (MEX:TMMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grupo TMM SA (MEX:TMMA) » Definitions » Average Age of Fleet in Years

Traded in Other Exchanges

GTMAY:USA

Address

Paseo de la Reforma No. 296, P.19. Colonia Juarez, Mexico, MEX, 06600

Website

https://www.tmm.com.mx

Grupo TMM SA is an integrated logistics and transportation company in Mexico. It provides dynamic ocean transportation services to various international and domestic clients. The company operates through four segments namely Maritime division, Logistics division, Ports, and terminals division and Warehousing division. The Maritime division includes transportation of bulk liquid products, materials, provisions for drilling platforms, and towing services for ships. The Logistics segment provides trucking services to various manufacturers and retailers. Operations at ports and terminals assist in loading and unloading, storage at maritime port terminals, and shipping agency operations. The warehousing segment includes storage and management of the facilities and bonded warehouses.

Grupo TMM (MEX:TMMA) Headlines

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