Gap (GAP) Asset Writedowns and Impairment (2016 - 2024)
Gap (GAP) reported Asset Writedowns and Impairment of $1.0 million for Q1 2024, down 50.0% on a YoY basis from $2.0 million in Q1 2023, and little changed sequentially from $1.0 million in Q3 2023.
Gap (GAP) Asset Writedowns and Impairment (2016 - 2024) Analysis & Trends
Gap (GAP) has 8 years of Asset Writedowns and Impairment data on file, last reported at $1.0 million in Q1 2024.
- For the quarter ending Q1 2024, Asset Writedowns and Impairment fell 50.0% year-over-year to $1.0 million; the trailing twelve-month figure through Feb 2024 stood at $3.0 million (down 83.33% YoY), and the FY2025 full-year result was $1.0 million, down 66.67% from the prior year.
- Asset Writedowns and Impairment held at $1.0 million in Q1 2024, from $1.0 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $360.0 million in Q2 2020 to a low of -$226.0 million in Q1 2021.
- A 5-year average of $14.7 million and a median of $1.0 million in 2021 frame the typical range for Asset Writedowns and Impairment.
- Across the five-year window, Asset Writedowns and Impairment plunged 22500.0% in 2021 and surged 103.1% in 2022, its largest moves.
- Tracing GAP's Asset Writedowns and Impairment over 5 years: stood at $360.0 million in 2020, then sank by 99.72% to $1.0 million in 2021, then soared by 1200.0% to $13.0 million in 2022, then sank by 92.31% to $1.0 million in 2023, then changed by 0.0% to $1.0 million in 2024.
- Business Quant data shows GAP's Asset Writedowns and Impairment at $1.0 million in Q1 2024, $1.0 million in Q3 2023, and $1.0 million in Q2 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Tjx Companies | 169.48 Bn | 163.90 Bn | 4.48 Bn |
| 2 | Ross Stores | 74.91 Bn | 70.31 Bn | 1.80 Bn |
| 3 | Burlington Stores | 21.30 Bn | 20.55 Bn | 1.26 Bn |
| 4 | Lululemon Athletica | 12.32 Bn | 10.51 Bn | 2.00 Bn |
| 5 | Gap | 6.81 Bn | 4.25 Bn | 1.42 Bn |
| 6 | Victoria's Secret | 6.71 Bn | 6.55 Bn | 585.00 Mn |
| 7 | Urban Outfitters | 5.96 Bn | 5.55 Bn | 542.57 Mn |
| 8 | Boot Barn Holdings | 4.50 Bn | 4.30 Bn | 281.24 Mn |
| 9 | Abercrombie & Fitch | 4.04 Bn | 3.43 Bn | 682.63 Mn |
| 10 | American Eagle Outfitters | 2.94 Bn | 2.70 Bn | 651.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Feb 3, 2024 | 1.00 Mn |
| Feb 3, 2024 | 1.00 Mn |
| Jul 29, 2023 | 1.00 Mn |
| Jul 29, 2023 | 1.00 Mn |
| Apr 29, 2023 | 1.00 Mn |
| Apr 29, 2023 | 1.00 Mn |
| Jan 28, 2023 | 2.00 Mn |
| Jan 28, 2023 | 2.00 Mn |
| Oct 29, 2022 | 13.00 Mn |
| Oct 29, 2022 | 13.00 Mn |
| Apr 30, 2022 | 3.00 Mn |
| Apr 30, 2022 | 3.00 Mn |
| Jan 29, 2022 | 7.00 Mn |
| Jan 29, 2022 | 7.00 Mn |
| Jul 31, 2021 | 1.00 Mn |
| Jul 31, 2021 | 1.00 Mn |
| Jan 30, 2021 | -226.00 Mn |
| Jan 30, 2021 | -226.00 Mn |
| May 2, 2020 | 360.00 Mn |
| May 2, 2020 | 360.00 Mn |