Aeries Technology, Inc. PP&E Disclosure
| As of March 31, | ||||||||
| 2025 | 2024 | |||||||
| Software and computer equipment[1] [2] | $ | 3,972 | $ | 5,009 | ||||
| Leasehold improvements[1] | 944 | 1,095 | ||||||
| Office equipment[1] | 432 | 528 | ||||||
| Internal-use software under development[2] | 769 | |||||||
| Furniture and fixtures[1] | 165 | 110 | ||||||
| Vehicles | 324 | 247 | ||||||
| Property and equipment, gross | $ | 5,837 | $ | 7,758 | ||||
| Accumulated depreciation and amortization[1] | (4,266 | ) | (4,179 | ) | ||||
| Property and equipment, net | $ | 1,571 | $ | 3,579 | ||||
| [1] | Property and equipment held under finance lease arrangements amounted to $247 and $443 as of March 31, 2025 and 2024, respectively. Accumulated depreciation for property and equipment held under finance lease arrangements was $1,632 and $1,127 as of March 31, 2025 and March 31, 2024, respectively. Depreciation expense in respect to these assets was $303 and $401 for the years ended March 31, 2025 and 2024, respectively. | |
| [2] | Due to decline in customer marketability and future economic benefits of Software and computer equipment and Internal-use software under development, the Company assessed the recoverability of the asset group during the year ended March 31, 2025. Hence, the Company fully impaired the related asset group in the year ended March 31, 2025. Impairment charge of $ 1,693 and $0 has been included in Selling, General and Administrative Expenses for the year ended March 31, 2025 and March 31, 2024 respectively. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jul 2, 2025 | Showing above |
| 2024 | Sep 27, 2024 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.