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Scorpio Tankers (STNG) Depreciation Expense (2019 - 2023)

Scorpio Tankers has reported Depreciation Expense over the past 5 years, most recently at -$2.1 million for Q4 2023.

  • Quarterly Depreciation Expense rose 78.46% to -$2.1 million in Q4 2023 from the year-ago period, while the trailing twelve-month figure was -$5.3 million through Dec 2023, up 72.85% year-over-year, with the annual reading at $180.3 million for FY2025, 2.69% down from the prior year.
  • Depreciation Expense was -$2.1 million for Q4 2023 at Scorpio Tankers, up from -$4.1 million in the prior quarter.
  • Over five years, Depreciation Expense peaked at $11.8 million in Q1 2021 and troughed at -$13.6 million in Q2 2020.
  • The 5-year median for Depreciation Expense is -$9.7 million (2022), against an average of -$5.9 million.
  • Year-over-year, Depreciation Expense plummeted 718.13% in 2020 and then soared 189.72% in 2021.
  • A 5-year view of Depreciation Expense shows it stood at -$12.6 million in 2019, then increased by 0.46% to -$12.6 million in 2020, then increased by 17.82% to -$10.3 million in 2021, then increased by 5.47% to -$9.8 million in 2022, then surged by 78.46% to -$2.1 million in 2023.
  • Per Business Quant, the three most recent readings for STNG's Depreciation Expense are -$2.1 million (Q4 2023), -$4.1 million (Q3 2023), and -$8.5 million (Q2 2023).