Otis Worldwide (OTIS) Asset Writedowns and Impairment (2019 - 2020)
Otis Worldwide (OTIS) posted quarterly Asset Writedowns and Impairment of $16.0 million for Q4 2020, down 38.46% year-over-year from $26.0 million in Q1 2020, and down 70.91% quarter-over-quarter from $55.0 million in Q1 2020.
Otis Worldwide (OTIS) Asset Writedowns and Impairment (2019 - 2020) Analysis & Trends
Otis Worldwide (OTIS) has reported Asset Writedowns and Impairment for 2 consecutive years, with $16.0 million the latest figure, recorded in Q4 2020.
- In Q4 2020, Asset Writedowns and Impairment fell 38.46% year-over-year to $16.0 million; the TTM figure through Sep 2021 stood at $16.0 million (down 80.25% YoY), while the FY2020 annual figure was $71.0 million, up 173.08% from the prior year.
- Asset Writedowns and Impairment slipped to $16.0 million in Q4 2020 per OTIS's latest filing, from $55.0 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $55.0 million in Q1 2020 and bottomed at $16.0 million in Q4 2020.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 256.94 Bn | 243.82 Bn | 2.36 Bn |
| 2 | Eaton | 163.14 Bn | 162.45 Bn | 2.86 Bn |
| 3 | Parker-Hannifin | 126.50 Bn | 126.02 Bn | 2.02 Bn |
| 4 | Emerson Electric | 87.87 Bn | 85.69 Bn | 2.66 Bn |
| 5 | Cummins | 81.13 Bn | 76.46 Bn | 2.47 Bn |
| 6 | Illinois Tool Works | 80.86 Bn | 80.02 Bn | 1.90 Bn |
| 7 | Ametek | 54.87 Bn | 54.38 Bn | 735.04 Mn |
| 8 | Rockwell Automation | 48.51 Bn | 48.03 Bn | 1.14 Bn |
| 9 | Ingersoll Rand | 31.31 Bn | 30.14 Bn | 862.60 Mn |
| 10 | Otis Worldwide | 27.38 Bn | 26.57 Bn | 1.14 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2020 | 16.00 Mn |
| Dec 31, 2020 | 16.00 Mn |
| Mar 31, 2020 | 55.00 Mn |
| Mar 31, 2020 | 55.00 Mn |
| Dec 31, 2019 | 26.00 Mn |
| Dec 31, 2019 | 26.00 Mn |