Open Text (OTEX) Asset Writedowns and Impairment (2017 - 2024)
Open Text (OTEX) recorded quarterly Asset Writedowns and Impairment of $4.3 million in Q1 2024, down 31.53% quarter-over-quarter from $6.2 million in Q4 2023, and up 27.93% on a YoY basis from $3.3 million in Q2 2023.
Open Text (OTEX) Asset Writedowns and Impairment (2017 - 2024) Analysis & Trends
Open Text's Asset Writedowns and Impairment history runs 5 years deep, the most recent figure standing at $4.3 million for Q1 2024.
- In Q1 2024, Asset Writedowns and Impairment rose 27.93% year-over-year to $4.3 million; the TTM figure through Mar 2024 stood at $18.6 million (up 161.06% YoY), while the FY2018 annual figure was $155000.0, down 81.39% from the prior year.
- Asset Writedowns and Impairment was $4.3 million for Q1 2024 at Open Text, down from $6.2 million in the prior quarter.
- In the past five years, Asset Writedowns and Impairment ranged from a high of $6.2 million in Q4 2023 to a low of $948000.0 in Q4 2022.
- Historically, Asset Writedowns and Impairment has averaged $3.7 million across 3 years, with a median of $3.8 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Asset Writedowns and Impairment jumped 559.07% in 2023, then rose 27.93% in 2024.
- A 3-year view of Asset Writedowns and Impairment shows it stood at $948000.0 in 2022, then surged by 559.07% to $6.2 million in 2023, then slumped by 31.53% to $4.3 million in 2024.
- The last three Asset Writedowns and Impairment figures came in at $4.3 million (Q1 2024), $6.2 million (Q4 2023), and $4.7 million (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn |
| 10 | Open Text | 5.55 Bn | 4.30 Bn | 937.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 4.28 Mn |
| Mar 31, 2024 | 4.28 Mn |
| Dec 31, 2023 | 6.25 Mn |
| Dec 31, 2023 | 6.25 Mn |
| Sep 30, 2023 | 4.72 Mn |
| Sep 30, 2023 | 4.72 Mn |
| Mar 31, 2023 | 3.34 Mn |
| Mar 31, 2023 | 3.34 Mn |
| Dec 31, 2022 | 948,000.00 |
| Dec 31, 2022 | 948,000.00 |
| Sep 30, 2022 | 2.83 Mn |
| Sep 30, 2022 | 2.83 Mn |
| Jun 30, 2018 | 155,000.00 |
| Jun 30, 2018 | 155,000.00 |
| Mar 31, 2017 | 800,000.00 |
| Mar 31, 2017 | 800,000.00 |