TechnipFMC (FTI) Asset Writedowns and Impairment (2017 - 2022)
TechnipFMC (FTI) reported Asset Writedowns and Impairment of $3.6 million for Q3 2022, up 176.92% year-over-year from $1.3 million in Q3 2021, and up 227.27% quarter-over-quarter from $1.1 million in Q1 2022.
TechnipFMC (FTI) Asset Writedowns and Impairment (2017 - 2022) Analysis & Trends
TechnipFMC (FTI) has 6 years of Asset Writedowns and Impairment data on file, last reported at $3.6 million in Q3 2022.
- Asset Writedowns and Impairment for Q3 2022 came in at $3.6 million, up 176.92% year-over-year; the trailing twelve-month figure through Mar 2023 was $3.6 million (down 88.54% YoY), and the FY2023 annual result was $1.7 million, down 63.83% from the prior year.
- Asset Writedowns and Impairment improved to $3.6 million in Q3 2022 per FTI's latest filing, from $1.1 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $3.2 billion in Q1 2020 and troughed at $300000.0 in Q2 2019.
- A 5-year average of $422.2 million and a median of $15.4 million in 2018 frame the typical range for Asset Writedowns and Impairment.
- The sharpest annual moves came in 2020 and 2021: Asset Writedowns and Impairment soared 354122.22% in 2020, then slumped 99.41% in 2021.
- A 5-year view of Asset Writedowns and Impairment shows it stood at $1.8 billion in 2018, then surged by 32.29% to $2.4 billion in 2019, then sank by 98.76% to $29.1 million in 2020, then fell by 3.09% to $28.2 million in 2021, then tumbled by 87.23% to $3.6 million in 2022.
- Business Quant data shows FTI's Asset Writedowns and Impairment at $3.6 million in Q3 2022, $1.1 million in Q1 2022, and $28.2 million in Q4 2021.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2022 | 3.60 Mn |
| Sep 30, 2022 | 3.60 Mn |
| Mar 31, 2022 | 1.10 Mn |
| Mar 31, 2022 | 1.10 Mn |
| Dec 31, 2021 | 28.20 Mn |
| Dec 31, 2021 | 28.20 Mn |
| Sep 30, 2021 | 1.30 Mn |
| Sep 30, 2021 | 1.30 Mn |
| Jun 30, 2021 | 800,000.00 |
| Jun 30, 2021 | 800,000.00 |
| Mar 31, 2021 | 18.80 Mn |
| Mar 31, 2021 | 18.80 Mn |
| Dec 31, 2020 | 29.10 Mn |
| Dec 31, 2020 | 29.10 Mn |
| Sep 30, 2020 | 23.00 Mn |
| Sep 30, 2020 | 23.00 Mn |
| Jun 30, 2020 | 33.70 Mn |
| Jun 30, 2020 | 33.70 Mn |
| Mar 31, 2020 | 3.19 Bn |
| Mar 31, 2020 | 3.19 Bn |