What is Flex Ltd.'s nextracker — depreciation?

Flex Ltd. (FLEX) reported nextracker — depreciation of $1.00M in Q1 2023.

How has Flex Ltd.'s nextracker — depreciation changed year-over-year?

Flex Ltd.'s nextracker — depreciation increased by 33.3% year-over-year, from $750.00K to $1.00M.

What does nextracker — depreciation mean?

The annual expense recognized for the wear and tear of the segment's physical assets.

Discontinued — last reported Q1 '23

Nextracker — Depreciation

Flex Ltd. Nextracker — Depreciation remained flat by 0.0% to $1.00M in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 33.3%, from $750.00K to $1.00M.

Analysis

StatementSegment

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ2 2019

Last reportedQ1 2023

Rolls up toD&A

How to read this metric

An increase suggests higher capital investment in physical infrastructure, while a decrease may indicate aging assets or lower capital intensity.

Detailed definition

This is the systematic allocation of the cost of tangible assets over their useful lives within the specific business se...

Peer comparison

Standardized as 'Depreciation and Amortization' across all manufacturing and industrial sectors.

Metric ID: flex_segment_nextracker_depreciation

Historical Data

2 years

	FY'22	FY'23
Value	$3.00M	$4.00M
YoY Change	—	+33.3%

Range$3.00M – $4.00M

Avg YoY Growth+33.3%

Median YoY Growth+33.3%

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Frequently Asked Questions

What is Flex Ltd.'s nextracker — depreciation?: Flex Ltd. (FLEX) reported nextracker — depreciation of $1.00M in Q1 2023.
How has Flex Ltd.'s nextracker — depreciation changed year-over-year?: Flex Ltd.'s nextracker — depreciation increased by 33.3% year-over-year, from $750.00K to $1.00M.
What does nextracker — depreciation mean?: The annual expense recognized for the wear and tear of the segment's physical assets.