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Hitek Global (Hitek Global) Accumulated Depreciation : $-1.48 Mil (As of Dec. 2023)


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What is Hitek Global Accumulated Depreciation?

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

Hitek Global's quarterly accumulated depreciation declined from Dec. 2022 ($-1.47 Mil) to Jun. 2023 ($-1.37 Mil) but then increased from Jun. 2023 ($-1.37 Mil) to Dec. 2023 ($-1.48 Mil).

Hitek Global's annual accumulated depreciation declined from Dec. 2021 ($-1.58 Mil) to Dec. 2022 ($-1.47 Mil) but then increased from Dec. 2022 ($-1.47 Mil) to Dec. 2023 ($-1.48 Mil).

Hitek Global Accumulated Depreciation Historical Data

The historical data trend for Hitek Global'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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Hitek Global Accumulated Depreciation Chart

Hitek Global Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Accumulated Depreciation
Get a 7-Day Free Trial -0.74 -1.18 -1.58 -1.47 -1.48

Hitek Global Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.58 -1.51 -1.47 -1.37 -1.48

Hitek Global 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.

Hitek Global Accumulated Depreciation Related Terms

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Hitek Global (Hitek Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Hitek Global Inc (NAS:HKIT) » Definitions » Accumulated Depreciation
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Traded in Other Exchanges
4JX:Germany
Address
No. 30 Guanri Road, Siming District, Unit 304, Fujian Province, Phase II, Software Park, Xiamen, CHN
Website
http://www.xmhitek.com
Hitek Global Inc is a provider of information technology consulting and solutions services. The company has two lines of businesses such as services to small and medium businesses, which consist of Anti-Counterfeiting Tax Control System tax devices, including Golden Tax Disk and printers, ACTCS services, and IT services; and services to large businesses, which include hardware sales and software sales. It generates revenues from hardware sales, software sales, IT services, and tax devices and services.