Stock Analysis on Net

Dollar Tree Inc. (NASDAQ:DLTR)

This company has been moved to the archive! The financial data has not been updated since November 22, 2022.

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

Dollar Tree Inc., balance sheet: property, plant and equipment

US$ in thousands

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Land 239,700 238,700 233,500 215,300 208,000 193,800
Buildings 1,568,200 1,524,000 1,395,500 1,300,700 1,092,500 1,044,900
Leasehold improvements 2,840,100 2,631,700 2,335,100 2,037,400 1,860,200 1,690,200
Furniture, fixtures and equipment 4,704,100 4,229,400 3,813,200 3,348,700 3,003,300 2,735,400
Construction in progress 489,000 257,500 298,600 233,800 228,800 146,000
Property, plant and equipment, gross 9,841,100 8,881,300 8,075,900 7,135,900 6,392,800 5,810,300
Accumulated depreciation (5,363,800) (4,765,000) (4,194,100) (3,690,600) (3,192,100) (2,694,500)
Property, plant and equipment, net 4,477,300 4,116,300 3,881,800 3,445,300 3,200,700 3,115,800

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

Item Description The company
Property, plant 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. Dollar Tree Inc. property, plant and equipment, gross increased from 2020 to 2021 and from 2021 to 2022.
Property, plant 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. Dollar Tree Inc. property, plant and equipment, net increased from 2020 to 2021 and from 2021 to 2022.

Asset Age Ratios (Summary)

Dollar Tree Inc., asset age ratios

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Average age ratio 55.86% 55.13% 53.48% 53.33% 51.61% 47.97%
Estimated total useful life (years) 14 14 13 12 11 10
Estimated age, time elapsed since purchase (years) 8 8 7 7 6 5
Estimated remaining life (years) 6 6 6 6 6 5

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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. Dollar Tree Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
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. Dollar Tree Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Dollar Tree Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
Estimated remaining life Dollar Tree Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Average Age

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation 5,363,800 4,765,000 4,194,100 3,690,600 3,192,100 2,694,500
Property, plant and equipment, gross 9,841,100 8,881,300 8,075,900 7,135,900 6,392,800 5,810,300
Land 239,700 238,700 233,500 215,300 208,000 193,800
Asset Age Ratio
Average age1 55.86% 55.13% 53.48% 53.33% 51.61% 47.97%

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 5,363,800 ÷ (9,841,100239,700) = 55.86%

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. Dollar Tree Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

Estimated Total Useful Life

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Property, plant and equipment, gross 9,841,100 8,881,300 8,075,900 7,135,900 6,392,800 5,810,300
Land 239,700 238,700 233,500 215,300 208,000 193,800
Depreciation expense 672,000 631,100 581,900 555,700 542,000 561,800
Asset Age Ratio (Years)
Estimated total useful life1 14 14 13 12 11 10

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

1 Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation expense
= (9,841,100239,700) ÷ 672,000 = 14

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. Dollar Tree Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation 5,363,800 4,765,000 4,194,100 3,690,600 3,192,100 2,694,500
Depreciation expense 672,000 631,100 581,900 555,700 542,000 561,800
Asset Age Ratio (Years)
Time elapsed since purchase1 8 8 7 7 6 5

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 5,363,800 ÷ 672,000 = 8

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. Dollar Tree Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

Estimated Remaining Life

Microsoft Excel
Jan 29, 2022 Jan 30, 2021 Feb 1, 2020 Feb 2, 2019 Feb 3, 2018 Jan 28, 2017
Selected Financial Data (US$ in thousands)
Property, plant and equipment, net 4,477,300 4,116,300 3,881,800 3,445,300 3,200,700 3,115,800
Land 239,700 238,700 233,500 215,300 208,000 193,800
Depreciation expense 672,000 631,100 581,900 555,700 542,000 561,800
Asset Age Ratio (Years)
Estimated remaining life1 6 6 6 6 6 5

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

2022 Calculations

1 Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation expense
= (4,477,300239,700) ÷ 672,000 = 6

Asset age ratio Description The company
Estimated remaining life Dollar Tree Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.