Block (BSQKZ) Asset Writedowns and Impairment (2021 - 2023)
Block recorded quarterly Asset Writedowns and Impairment of $132.3 million in Q4 2023, up 452.08% quarter-over-quarter from -$37.6 million in Q4 2022, and up 452.08% year-over-year from $24.0 million in Q4 2022.
Block's Asset Writedowns and Impairment history runs 3 years deep, the most recent figure standing at $132.3 million for Q4 2023.
- In Q4 2023, Asset Writedowns and Impairment rose 452.08% year-over-year to $132.3 million; the TTM figure through Dec 2023 stood at $94.7 million (changed N/A YoY), while the FY2024 annual figure was $133.9 million, up 1.16% from the prior year.
- Asset Writedowns and Impairment came in at $132.3 million for Q4 2023 at Block, up from -$37.6 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $132.3 million in Q4 2023 to a low of -$37.6 million in Q4 2022.
- A 3-year average of $29.1 million and a median of $19.9 million in 2021 frame the typical range for Asset Writedowns and Impairment.
- Across the five-year window, Asset Writedowns and Impairment slumped 73.02% in 2022 and surged 452.08% in 2023, its largest moves.
- Block's Asset Writedowns and Impairment stood at $6.0 million in 2021, then slumped by 726.33% to -$37.6 million in 2022, then soared by 452.08% to $132.3 million in 2023.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $132.3 million, -$37.6 million, and $1.6 million for Q4 2023, Q4 2022, and Q3 2022 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn |
| 10 | Block | - | - | 2.91 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 132.31 Mn |
| Dec 31, 2023 | 132.31 Mn |
| Dec 31, 2022 | -37.58 Mn |
| Dec 31, 2022 | -37.58 Mn |
| Sep 30, 2022 | 1.62 Mn |
| Sep 30, 2022 | 1.62 Mn |
| Jun 30, 2022 | 35.96 Mn |
| Jun 30, 2022 | 35.96 Mn |
| Sep 30, 2021 | 6.00 Mn |
| Sep 30, 2021 | 6.00 Mn |
| Jun 30, 2021 | 45.27 Mn |
| Jun 30, 2021 | 45.27 Mn |
| Mar 31, 2021 | 19.86 Mn |
| Mar 31, 2021 | 19.86 Mn |