Lufax Holding (LU) Asset Writedowns and Impairment (2019 - 2023)

Lufax Holding (LU) reported Asset Writedowns and Impairment of -$4.4 million for Q4 2023, down 327.28% year-over-year from $1.9 million in Q4 2022, and down 327.28% quarter-over-quarter from -$1.0 million in Q4 2022.

Lufax Holding (LU) Asset Writedowns and Impairment (2019 - 2023) Analysis & Trends

Lufax Holding (LU) has 5 years of Asset Writedowns and Impairment data on file, last reported at -$4.4 million in Q4 2023.

  • Asset Writedowns and Impairment for Q4 2023 came in at -$4.4 million, down 327.28% year-over-year; the trailing twelve-month figure through Dec 2023 was -$67.5 million (up 60.57% YoY), and the FY2023 annual result was -$4.4 million, up 92.89% from the prior year.
  • Asset Writedowns and Impairment retreated to -$4.4 million in Q4 2023 per LU's latest filing, from -$1.0 million in the prior quarter.
  • Over five years, Asset Writedowns and Impairment peaked at -$8845.5 in Q3 2019 and troughed at -$108.2 million in Q4 2021.
  • A 5-year average of -$26.0 million and a median of -$7.0 million in 2022 frame the typical range for Asset Writedowns and Impairment.
  • On a YoY basis, Asset Writedowns and Impairment climbed as much as 99.05% in 2022 and fell as far as 16476.03% in 2022.
  • A 5-year view of Asset Writedowns and Impairment shows it stood at -$19.1 million in 2019, then surged by 94.24% to -$1.1 million in 2020, then sank by 9742.04% to -$108.2 million in 2021, then jumped by 99.05% to -$1.0 million in 2022, then sank by 327.28% to -$4.4 million in 2023.
  • Business Quant data shows LU's Asset Writedowns and Impairment at -$4.4 million in Q4 2023, -$1.0 million in Q4 2022, and -$9.6 million in Q3 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Visa 541.66 Bn 529.25 Bn -
2 Mastercard 437.55 Bn 427.34 Bn -
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn -
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn
6 Synchrony Financial 24.26 Bn 3.70 Bn -
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn
10 Lufax Holding 354.37 Mn -1.21 Bn -

Historic Data

Download Data
DateValue
Dec 31, 2023 -4.40 Mn
Dec 31, 2023 -4.40 Mn
Dec 31, 2022 -1.03 Mn
Dec 31, 2022 -1.03 Mn
Sep 30, 2022 -9.57 Mn
Sep 30, 2022 -9.57 Mn
Jun 30, 2022 -52.55 Mn
Jun 30, 2022 -52.55 Mn
Dec 31, 2021 -108.16 Mn
Dec 31, 2021 -108.16 Mn
Sep 30, 2021 -63.56 Mn
Sep 30, 2021 -63.56 Mn
Jun 30, 2021 -317,000.00
Jun 30, 2021 -317,000.00
Dec 31, 2020 -1.10 Mn
Dec 31, 2020 -1.10 Mn
Dec 31, 2019 -19.09 Mn
Dec 31, 2019 -19.09 Mn
Sep 30, 2019 -8,845.45
Sep 30, 2019 -8,845.45