Depletion Expense
The depletion expense is a financial metric that represents the portion of the cost of a natural resource that is used up during a given period. Natural resources such as oil, gas, minerals, and timber are finite resources that are physically depleted over time as they are extracted, produced, and sold. The depletion expense is calculated as the cost of the natural resource divided by its estimated total quantity, multiplied by the quantity extracted and sold during the period. This expense is usually included in the operating expenses section of the income statement as a non-cash charge that reduces the reported net income of the company.
Additional Details
| Metric Name |
Type |
Default Period Type |
| depletion_expense |
|
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |