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Fitell (Fitell) Accumulated Depreciation : $-0.15 Mil (As of Dec. 2023)


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What is Fitell Accumulated Depreciation?

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

Fitell's quarterly accumulated depreciation increased from Dec. 2022 ($-0.84 Mil) to Jun. 2023 ($-0.95 Mil) but then stayed the same from Jun. 2023 ($-0.95 Mil) to Dec. 2023 ($-0.15 Mil).

Fitell's annual accumulated depreciation increased from Jun. 2021 ($-0.42 Mil) to Jun. 2022 ($-0.70 Mil) and increased from Jun. 2022 ($-0.70 Mil) to Jun. 2023 ($-0.95 Mil).

Fitell Accumulated Depreciation Historical Data

The historical data trend for Fitell'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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Fitell Accumulated Depreciation Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Accumulated Depreciation
-0.42 -0.70 -0.95

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accumulated Depreciation Get a 7-Day Free Trial - -0.70 -0.84 -0.95 -0.15

Fitell 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.

Fitell Accumulated Depreciation Related Terms

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Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Accumulated Depreciation
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.