RE:Oil price effect on transport division?colourama wrote:
Does anyone have insight to the effect of oil/gasoline prices on PHA's costs to provide their medical transport services?
Given that property, plant and equipment (ppe) represents only represents 9.3% of total assets I will say that it doesn't have a material impact on costs. Their original book value for vehicles under ppe, is ~ $1.4m which has now depreciated to $1m which is just 2.5% of total assets.