2 Cheap Cars Group (NZSE:2CC) Accumulated Depreciation : NZ$-3.61 Mil (As of Mar. 2024)

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What is 2 Cheap Cars Group Accumulated Depreciation?

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

2 Cheap Cars Group's quarterly accumulated depreciation declined from Mar. 2023 (NZ$-3.21 Mil) to Sep. 2023 (NZ$0.00 Mil) but then increased from Sep. 2023 (NZ$0.00 Mil) to Mar. 2024 (NZ$-3.61 Mil).

2 Cheap Cars Group's annual accumulated depreciation increased from Mar. 2022 (NZ$-2.68 Mil) to Mar. 2023 (NZ$-3.21 Mil) and increased from Mar. 2023 (NZ$-3.21 Mil) to Mar. 2024 (NZ$-3.61 Mil).

2 Cheap Cars Group Accumulated Depreciation Historical Data

The historical data trend for 2 Cheap Cars Group'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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2 Cheap Cars Group Accumulated Depreciation Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Accumulated Depreciation

-2.73

-2.68

-3.21

-3.61

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Accumulated Depreciation	Get a 7-Day Free Trial			-2.68	-	-3.21	-	-3.61

2 Cheap Cars Group 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.

2 Cheap Cars Group Accumulated Depreciation Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Accumulated Depreciation

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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