Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

RH, balance sheet: property, plant and equipment

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Finance lease right-of-use assets	1,303,133)	958,148)	844,832)	734,425)	9,343)	8,060)
Leasehold improvements	391,912)	389,179)	340,546)	318,313)	614,510)	556,443)
Computer software	147,553)	122,552)	143,571)	138,328)	143,776)	130,890)
Land	97,670)	20,614)	9,059)	6,061)	11,518)	11,382)
Building and building improvements	94,508)	54,061)	43,193)	33,370)	28,233)	4,927)
Furniture, fixtures and equipment	86,456)	86,058)	92,736)	79,575)	76,194)	81,469)
Machinery, equipment and aircraft	79,836)	73,968)	67,080)	66,228)	54,207)	52,757)
Built-to-suit property	37,057)	37,057)	24,881)	2,882)	245,217)	237,909)
Property and equipment, gross	2,238,125)	1,741,637)	1,565,898)	1,379,182)	1,182,998)	1,083,837)
Accumulated depreciation and amortization	(602,141)	(513,717)	(488,700)	(411,583)	(319,436)	(283,139)
Property and equipment, net	1,635,984)	1,227,920)	1,077,198)	967,599)	863,562)	800,698)

Based on: 10-K (reporting date: 2023-01-28), 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).

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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.	RH property and equipment, gross increased from 2021 to 2022 and from 2022 to 2023.
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.	RH property and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

RH, asset age ratios

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Average age ratio	28.13%	29.85%	31.39%	29.97%	27.27%	26.40%
Estimated total useful life (years)	20	18	16	14	16	15
Estimated age, time elapsed since purchase (years)	6	5	5	4	4	4
Estimated remaining life (years)	14	13	11	10	11	11

Based on: 10-K (reporting date: 2023-01-28), 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).

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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.	RH average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.
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.	RH estimated total useful life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	RH estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2021 to 2022 and from 2022 to 2023.
Estimated remaining life		RH estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	602,141)	513,717)	488,700)	411,583)	319,436)	283,139)
Property and equipment, gross	2,238,125)	1,741,637)	1,565,898)	1,379,182)	1,182,998)	1,083,837)
Land	97,670)	20,614)	9,059)	6,061)	11,518)	11,382)
Asset Age Ratio
Average age¹	28.13%	29.85%	31.39%	29.97%	27.27%	26.40%

Based on: 10-K (reporting date: 2023-01-28), 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).

2023 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Property and equipment, gross – Land)
= 100 × 602,141 ÷ (2,238,125 – 97,670) = 28.13%

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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.	RH average age ratio of depreciable property, plant and equipment improved from 2021 to 2022 and from 2022 to 2023.

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, gross	2,238,125)	1,741,637)	1,565,898)	1,379,182)	1,182,998)	1,083,837)
Land	97,670)	20,614)	9,059)	6,061)	11,518)	11,382)
Depreciation and amortization of property and equipment	108,346)	95,964)	99,992)	100,691)	74,300)	70,000)
Asset Age Ratio (Years)
Estimated total useful life¹	20	18	16	14	16	15

Based on: 10-K (reporting date: 2023-01-28), 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).

2023 Calculations

¹ Estimated total useful life = (Property and equipment, gross – Land) ÷ Depreciation and amortization of property and equipment
= (2,238,125 – 97,670) ÷ 108,346 = 20

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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.	RH estimated total useful life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation and amortization	602,141)	513,717)	488,700)	411,583)	319,436)	283,139)
Depreciation and amortization of property and equipment	108,346)	95,964)	99,992)	100,691)	74,300)	70,000)
Asset Age Ratio (Years)
Time elapsed since purchase¹	6	5	5	4	4	4

Based on: 10-K (reporting date: 2023-01-28), 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).

2023 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization of property and equipment
= 602,141 ÷ 108,346 = 6

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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.	RH estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2021 to 2022 and from 2022 to 2023.

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Selected Financial Data (US$ in thousands)
Property and equipment, net	1,635,984)	1,227,920)	1,077,198)	967,599)	863,562)	800,698)
Land	97,670)	20,614)	9,059)	6,061)	11,518)	11,382)
Depreciation and amortization of property and equipment	108,346)	95,964)	99,992)	100,691)	74,300)	70,000)
Asset Age Ratio (Years)
Estimated remaining life¹	14	13	11	10	11	11

Based on: 10-K (reporting date: 2023-01-28), 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).

2023 Calculations

¹ Estimated remaining life = (Property and equipment, net – Land) ÷ Depreciation and amortization of property and equipment
= (1,635,984 – 97,670) ÷ 108,346 = 14

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Asset age ratio	Description	The company
Estimated remaining life		RH estimated remaining life of depreciable property, plant and equipment increased from 2021 to 2022 and from 2022 to 2023.

RH (NYSE:RH)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life