Globalfoundries (GFS) Asset Writedowns and Impairment (2021 - 2024)
Globalfoundries (GFS) posted Asset Writedowns and Impairment of $998.0 million for Q4 2024, up 3596.3% sequentially from $27.0 million in Q4 2023, and up 3596.3% YoY from $27.0 million in Q1 2024.
Globalfoundries (GFS) Asset Writedowns and Impairment (2021 - 2024) Analysis & Trends
Globalfoundries has reported Asset Writedowns and Impairment for 4 years, with the latest figure at $998.0 million in Q4 2024.
- Quarterly Asset Writedowns and Impairment rose 3596.3% year-over-year to $998.0 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was $999.0 million (changed N/A YoY) and the FY2024 annual result came in at $935.0 million, changed N/A from the prior year.
- Asset Writedowns and Impairment rose to $998.0 million in Q4 2024 per GFS's latest filing, from $27.0 million in the prior quarter.
- Over five years, Asset Writedowns and Impairment peaked at $998.0 million in Q4 2024 and troughed at -$57.0 million in Q3 2022.
- A 4-year average of $92.9 million and a median of $1.0 million in 2021 frame the typical range for Asset Writedowns and Impairment.
- The sharpest annual moves came in 2022 and 2024: Asset Writedowns and Impairment tumbled 5800.0% in 2022, then jumped 3596.3% in 2024.
- Over 4 years, Asset Writedowns and Impairment stood at $23.0 million in 2021, then surged by 252.17% to $81.0 million in 2022, then slumped by 66.67% to $27.0 million in 2023, then surged by 3596.3% to $998.0 million in 2024.
- According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $998.0 million, $27.0 million, and -$39.0 million for Q4 2024, Q4 2023, and Q3 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Nvidia | 5,000.69 Bn | 4,957.21 Bn | 61.16 Bn |
| 2 | Taiwan Semiconductor Manufacturing | 2,106.48 Bn | 2,009.53 Bn | 23.77 Bn |
| 3 | Broadcom | 1,866.23 Bn | 1,846.60 Bn | 15.42 Bn |
| 4 | Micron Technology | 1,057.61 Bn | 1,031.59 Bn | 35.06 Bn |
| 5 | Advanced Micro Devices | 822.43 Bn | 810.09 Bn | 5.42 Bn |
| 6 | Intel | 458.91 Bn | 444.79 Bn | 6.51 Bn |
| 7 | Aeluma | 301.08 Bn | 301.05 Bn | 386,000.00 |
| 8 | Arm Holdings | 255.32 Bn | 251.43 Bn | 1.25 Bn |
| 9 | Texas Instruments | 245.36 Bn | 238.36 Bn | 3.35 Bn |
| 10 | Globalfoundries | 55.51 Bn | 52.51 Bn | 451.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 998.00 Mn |
| Dec 31, 2024 | 998.00 Mn |
| Dec 31, 2023 | 27.00 Mn |
| Dec 31, 2023 | 27.00 Mn |
| Sep 30, 2023 | -39.00 Mn |
| Sep 30, 2023 | -39.00 Mn |
| Jun 30, 2023 | 13.00 Mn |
| Jun 30, 2023 | 13.00 Mn |
| Mar 31, 2023 | -1.00 Mn |
| Mar 31, 2023 | -1.00 Mn |
| Dec 31, 2022 | 81.00 Mn |
| Dec 31, 2022 | 81.00 Mn |
| Sep 30, 2022 | -57.00 Mn |
| Sep 30, 2022 | -57.00 Mn |
| Jun 30, 2022 | -20.00 Mn |
| Jun 30, 2022 | -20.00 Mn |
| Mar 31, 2022 | -4.00 Mn |
| Mar 31, 2022 | -4.00 Mn |
| Dec 31, 2021 | 23.00 Mn |
| Dec 31, 2021 | 23.00 Mn |