Accumulated Depreciation
Barnes Group Accumulated Depreciation increased by 6.6% to $506.32M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 17.6%, from $614.34M to $506.32M. Over 3 years (FY 2020 to FY 2023), Accumulated Depreciation shows an upward trend with a 5.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A rising balance relative to gross assets suggests an aging infrastructure, potentially signaling a need for future capital expenditure to replace equipment.
Detailed definition
This is the cumulative amount of depreciation expense charged against the company's tangible assets since their acquisit...
Peer comparison
Commonly found in the balance sheet or notes for all companies with significant physical property, plant, and equipment.
ppe_accumulated_depreciationHistorical Data
| 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 | $554.80M | $557.76M | $563.43M | $574.00M | $570.79M | $570.04M | $586.84M | $601.28M | $609.71M | $614.34M | $628.80M | $468.88M | $475.09M | $506.32M |
| QoQ Change | — | +0.5% | +1.0% | +1.9% | -0.6% | -0.1% | +2.9% | +2.5% | +1.4% | +0.8% | +2.4% | -25.4% | +1.3% | +6.6% |
| YoY Change | — | — | — | — | +2.9% | +2.2% | +4.2% | +4.8% | +6.8% | +7.8% | +7.1% | -22.0% | -22.1% | -17.6% |
| % of PP&E (Net) | 155.2% | 160.5% | 165.0% | 171.2% | 178.3% | 184.5% | 183.3% | 187.0% | 190.3% | 155.5% | 156.1% | 134.5% | 135.0% | 143.9% |
| Share Change | — | +5.3pp | +4.5pp | +6.2pp | +7.1pp | +6.2pp | -1.2pp | +3.7pp | +3.3pp | -34.7pp | +0.6pp | -21.6pp | +0.5pp | +8.9pp |
Accumulated Depreciation at Other Companies
Frequently Asked Questions
- What is Barnes Group's accumulated depreciation?
- Barnes Group (B) reported accumulated depreciation of $506.32M in Q3 2024.
- How has Barnes Group's accumulated depreciation changed year-over-year?
- Barnes Group's accumulated depreciation decreased by 17.6% year-over-year, from $614.34M to $506.32M.
- What is the long-term trend for Barnes Group's accumulated depreciation?
- Over 3 years (2020 to 2023), Barnes Group's accumulated depreciation has grown at a 5.2% compound annual growth rate (CAGR), from $539.43M to $628.80M.
- What does accumulated depreciation mean?
- The total amount of depreciation recorded against physical assets over time.