Flotek Industries (FTK) Asset Writedowns and Impairment (2014 - 2022)
Flotek Industries (FTK) recorded Asset Writedowns and Impairment of -$1.04 million in Q4 2022, compared with $7.52 million a year earlier.
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Analysis
Flotek Industries (FTK) Asset Writedowns and Impairment (2014 - 2022) Analysis & Trends
On a TTM basis, Flotek Industries' Asset Writedowns and Impairment came in at $733,000 as of Dec 31, 2022, down 91.0% year-over-year; for FY2021, it was $8.1 million, down 75.0% from FY2020.
- Annual Asset Writedowns and Impairment has a four-year compound annual growth rate of 113.8% (FY2017 to FY2021).
- Across earlier years, Asset Writedowns and Impairment came in at $32.36 million in FY2020 (+471.9%), $5.66 million in FY2019 (-84.8%), $37.18 million in FY2018 and $388,000 in FY2017.
- The Q4 2022 figure is the lowest quarterly Asset Writedowns and Impairment since Q4 2016.
- On a year-over-year basis, Asset Writedowns and Impairment rose in two of the last four quarters, with an average decline of 31.7%.
- Per Business Quant, the preceding three quarters came in at $1 million (Q3 2022), $459,000 (Q2 2022) and $310,000 (Q1 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Linde | 221.03 Bn | 204.14 Bn | 4.43 Bn |
| 2 | Corning | 141.47 Bn | 134.60 Bn | 1.63 Bn |
| 3 | Sherwin Williams | 77.59 Bn | 76.63 Bn | 3.34 Bn |
| 4 | Air Products & Chemicals | 61.84 Bn | 59.74 Bn | 1.04 Bn |
| 5 | LyondellBasell Industries | 37.84 Bn | 27.46 Bn | 2.04 Bn |
| 6 | Nutrien | 33.77 Bn | 30.64 Bn | 3.25 Bn |
| 7 | Qnity Electronics | 27.51 Bn | 24.93 Bn | 666.00 Mn |
| 8 | Ati | 26.21 Bn | 24.36 Bn | 309.80 Mn |
| 9 | Ppg Industries | 23.37 Bn | 16.17 Bn | 1.81 Bn |
| 10 | Flotek Industries | 1.12 Bn | 1.10 Bn | 23.78 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2022 | -1.04 Mn |
| Sep 30, 2022 | 1.00 Mn |
| Jun 30, 2022 | 459,000.00 |
| Mar 31, 2022 | 310,000.00 |
| Dec 31, 2021 | 7.52 Mn |
| Jun 30, 2021 | 273,000.00 |
| Mar 31, 2021 | 307,000.00 |
| Sep 30, 2020 | 11.71 Mn |
| Jun 30, 2020 | 10.34 Mn |
| Mar 31, 2020 | 19.84 Mn |
| Dec 31, 2019 | 5.66 Mn |
| Jun 30, 2018 | 37.18 Mn |
| Mar 31, 2018 | 1.31 Mn |
| Dec 31, 2017 | -2,000.00 |
| Mar 31, 2017 | 89,000.00 |
| Dec 31, 2016 | -40.44 Mn |
| Dec 31, 2015 | -20.37 Mn |
| Jun 30, 2015 | 20.37 Mn |
| Dec 31, 2014 | 10,000.00 |
API Access
Flotek Industries Asset Writedowns and Impairment API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=FTK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-writedowns-and-impairment", "ticker": "FTK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-writedowns-and-impairment&ticker=FTK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();