Discontinued — last reported Q3 '24
Business Segments · Depreciation Expense Net Of Reversal
Safety Services — Depreciation Expense Net Of Reversal
APi Group Safety Services — Depreciation Expense Net Of Reversal increased by 28.6% to $9.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $8.00M to $9.00M. Over 2 years (FY 2021 to FY 2023), Safety Services — Depreciation Expense Net Of Reversal shows an upward trend with a 83.7% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ3 2024Oct 31, 2024
How to read this metric
Increasing depreciation often reflects a growing base of fixed assets or recent capital investments.
Detailed definition
The periodic allocation of the cost of tangible fixed assets over their useful lives within the Safety Services segment,...
Peer comparison
Standard non-cash expense metric for asset-heavy industrial segments.
Metric ID:
apg_segment_safety_services_depreciation_expense_net_of_reversalHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $3.00M | $2.00M | $7.00M | $5.00M | $8.00M | $6.00M | $6.00M | $7.00M | $8.00M | $6.00M | $8.00M | $7.00M | $9.00M |
| QoQ Change | — | +200.0% | -33.3% | +250.0% | -28.6% | +60.0% | -25.0% | +0.0% | +16.7% | +14.3% | -25.0% | +33.3% | -12.5% | +28.6% |
| YoY Change | — | — | — | — | +400.0% | +166.7% | +200.0% | -14.3% | +40.0% | +0.0% | +0.0% | +33.3% | +0.0% | +12.5% |
Range$1.00M – $9.00M
CAGR+96.6%
Avg YoY Growth+83.8%
Median YoY Growth+22.9%
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Frequently Asked Questions
- What is APi Group's safety services — depreciation expense net of reversal?
- APi Group (APG) reported safety services — depreciation expense net of reversal of $9.00M in Q3 2024.
- How has APi Group's safety services — depreciation expense net of reversal changed year-over-year?
- APi Group's safety services — depreciation expense net of reversal increased by 12.5% year-over-year, from $8.00M to $9.00M.
- What is the long-term trend for APi Group's safety services — depreciation expense net of reversal?
- Over 2 years (2021 to 2023), APi Group's safety services — depreciation expense net of reversal has grown at a 83.7% compound annual growth rate (CAGR), from $8.00M to $27.00M.
- What does safety services — depreciation expense net of reversal mean?
- The non-cash cost of the wear and tear on the segment's physical equipment and property.