People Inc (IAC) Asset Writedowns and Impairment (2020 - 2023)

People (IAC) has reported Asset Writedowns and Impairment for 4 consecutive years, with $27.8 million the latest figure, recorded in Q2 2023.

• Asset Writedowns and Impairment for Q2 2023 came in at $27.8 million, up 84.45% year-over-year; the trailing twelve-month figure through Jun 2023 was $101.3 million (up 116.71% YoY), and the FY2020 annual result was $80.8 million, up 22.89% from the prior year.
• Asset Writedowns and Impairment was $27.8 million for Q2 2023 at People, down from $44.7 million in the prior quarter.
• Over five years, Asset Writedowns and Impairment peaked at $62.7 million in Q4 2020 and troughed at $5.5 million in Q3 2021.
• Average Asset Writedowns and Impairment over 4 years is $23.6 million, with a median of $14.4 million recorded in 2022.
• Year-over-year, Asset Writedowns and Impairment rose 21.47% in 2022 and jumped 225.64% in 2023.
• Over 4 years, Asset Writedowns and Impairment stood at $62.7 million in 2020, then plunged by 91.17% to $5.5 million in 2021, then soared by 172.26% to $15.1 million in 2022, then surged by 84.45% to $27.8 million in 2023.
• Per Business Quant data, the three most recent Asset Writedowns and Impairment figures were $27.8 million in Q2 2023, $44.7 million in Q1 2023, and $15.1 million in Q2 2022.