Analysis of Property, Plant and Equipment
Property, Plant and Equipment Disclosure
lululemon athletica inc., balance sheet: property, plant and equipment
US$ in thousands
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
| Item | Description | The company |
|---|---|---|
| Property and equipment, gross | Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | lululemon athletica inc. property and equipment, gross increased from 2022 to 2023 and from 2023 to 2024. |
| Property and equipment, net | Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. | lululemon athletica inc. property and equipment, net increased from 2022 to 2023 and from 2023 to 2024. |
Asset Age Ratios (Summary)
lululemon athletica inc., asset age ratios
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
| Asset age ratio | Description | The company |
|---|---|---|
| Average age ratio | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | lululemon athletica inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | lululemon athletica inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024. |
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | lululemon athletica inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
| Estimated remaining life | lululemon athletica inc. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |
Average Age
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
2024 Calculations
1 Average age = 100 × Accumulated depreciation ÷ (Property and equipment, gross – Land)
= 100 × 1,217,425 ÷ (2,763,236 – 79,498) = 45.36%
| Asset age ratio | Description | The company |
|---|---|---|
| Average age | As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. | lululemon athletica inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
Estimated Total Useful Life
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
2024 Calculations
1 Estimated total useful life = (Property and equipment, gross – Land) ÷ Depreciation expense related to property and equipment
= (2,763,236 – 79,498) ÷ 374,000 = 7
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated total useful life | Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. | lululemon athletica inc. estimated total useful life of depreciable property, plant and equipment decreased from 2022 to 2023 and from 2023 to 2024. |
Estimated Age, Time Elapsed since Purchase
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
2024 Calculations
1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense related to property and equipment
= 1,217,425 ÷ 374,000 = 3
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated time elapsed since purchase | The approximate age in years of a company fixed assets. Useful for comparison purposes. | lululemon athletica inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 and from 2023 to 2024. |
Estimated Remaining Life
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).
2024 Calculations
1 Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation expense related to property and equipment
= (1,545,811 – 79,498) ÷ 374,000 = 4
| Asset age ratio | Description | The company |
|---|---|---|
| Estimated remaining life | lululemon athletica inc. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |