What does fluid power businesses — depreciation mean?

The cost allocated to the Fluid Power segment for the aging of its physical equipment and facilities.

How do you interpret fluid power businesses — depreciation?

Rising depreciation may indicate a high level of capital investment in the segment's infrastructure.

How does fluid power businesses — depreciation compare across companies?

Standard operating expense for industrial segments with significant physical footprints.

Applied Industrial Technologies AIT Fluid Power Businesses — Depreciation

Discontinued — last reported Q3 '19

Similar metrics at other companies

PNRFlow Technologies — Depreciation

$3M-8.4%

PNRFlow — Depreciation

$3.6M-2.7%

PNRIndustrial & Flow Technologies — Depreciation

$4.88M-8.9%

DOVFluids — D&A

$30.03M+40.9%

CSL

CSLFluid Technologies — Segment Reporting Depreciation Depletion And Amortization

$3.75M—

CWPower — D&A

$7.09M-6.2%

Other financials

Income statement

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Revenue$1.3B+7.3%

Gross profit$380.8M+7.2%

Operating income$137.9M+6.6%

Net income$99.8M0.0%

EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%

Total debt$365.3M-36.2%

Total equity$1.9B+1.8%

Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%

CapEx$4.7M-37.3%

Free cash flow$95.4M-17.0%

Valuation

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Market cap$12.49B+14.4%

Enterprise value$12.68B+13.8%

P/E30.9×+2.9×

P/S2.6×+0.2×

Profitability

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Gross margin30.4%+0.1pp

Operating margin10.9%-0.3pp

Net margin8.3%-0.3pp

FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp

Debt / equity0.2×-0.1×

Current ratio2.9×-0.6×

Where this comes from

Reported directly by Applied Industrial Technologies in its filing.

Tagged under the XBRL concept us-gaap:Depreciation.

The official record: Applied Industrial Technologies’s 10-Q, filed April 30, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does fluid power businesses — depreciation mean?: The cost allocated to the Fluid Power segment for the aging of its physical equipment and facilities.
How do you interpret fluid power businesses — depreciation?: Rising depreciation may indicate a high level of capital investment in the segment's infrastructure.
How does fluid power businesses — depreciation compare across companies?: Standard operating expense for industrial segments with significant physical footprints.