TechnipFMC (FTI) Asset Writedowns and Impairment (2017 - 2022)
TechnipFMC's (FTI) quarterly Asset Writedowns and Impairment came in at $3.6 million in Q3 2022, up 176.92% year-on-year from $1.3 million in Q3 2021, and up 227.27% on a QoQ basis 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.
- On a quarterly basis, Asset Writedowns and Impairment rose 176.92% year-over-year to $3.6 million in Q3 2022; TTM through Mar 2023 was $3.6 million, a 88.54% decrease from a year earlier, with the FY2023 full-year figure at $1.7 million, down 63.83% from the prior year.
- Asset Writedowns and Impairment for Q3 2022 stood at $3.6 million, up from $1.1 million in the prior quarter.
- Over the last five years, Asset Writedowns and Impairment for FTI reached as high as $3.2 billion in Q1 2020 and fell as low as $300000.0 in Q2 2019.
- Historically, Asset Writedowns and Impairment has averaged $422.2 million across 5 years, with a median of $15.4 million in 2018.
- Across the five-year window, Asset Writedowns and Impairment jumped 354122.22% in 2020 and plunged 99.41% in 2021, its largest moves.
- Year by year, Asset Writedowns and Impairment stood at $1.8 billion in 2018, then surged by 32.29% to $2.4 billion in 2019, then slumped by 98.76% to $29.1 million in 2020, then slipped by 3.09% to $28.2 million in 2021, then plunged by 87.23% to $3.6 million in 2022.
- Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $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 | 78.08 Bn | 74.69 Bn | 5.38 Bn |
| 2 | Tenaris | 58.18 Bn | 46.31 Bn | 1.05 Bn |
| 3 | TechnipFMC | 30.64 Bn | 29.36 Bn | 1.64 Bn |
| 4 | Halliburton | 27.87 Bn | 25.86 Bn | 2.04 Bn |
| 5 | Nov | 7.48 Bn | 6.14 Bn | 379.00 Mn |
| 6 | Weatherford International | 6.35 Bn | 5.21 Bn | 776.00 Mn |
| 7 | Archrock | 6.34 Bn | 6.34 Bn | 247.42 Mn |
| 8 | Oceaneering International | 5.28 Bn | 4.67 Bn | 127.27 Mn |
| 9 | Kodiak Gas Services | 5.09 Bn | 4.99 Bn | 222.88 Mn |
| 10 | Tidewater | 3.87 Bn | 3.32 Bn | 160.04 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 |