Rimini Street (RMNI) Asset Writedowns and Impairment (2017 - 2022)

Rimini Street (RMNI) has reported Asset Writedowns and Impairment for 5 consecutive years, with $3.0 million the latest figure, recorded in Q4 2022.

• For the quarter ending Q4 2022, Asset Writedowns and Impairment rose 139.89% year-over-year to $3.0 million; the trailing twelve-month figure through Dec 2022 stood at $3.0 million (up 82.72% YoY), and the FY2022 full-year result was $3.0 million, up 82.72% from the prior year.
• Asset Writedowns and Impairment climbed to $3.0 million in Q4 2022 per RMNI's latest filing, from $1.3 million in the prior quarter.
• Across five years, Asset Writedowns and Impairment topped out at $47.4 million in Q3 2018 and bottomed at $393000.0 in Q1 2021.
• Historically, Asset Writedowns and Impairment has averaged $10.1 million across 4 years, with a median of $2.1 million in 2021.
• The sharpest annual moves came in 2018 and 2021: Asset Writedowns and Impairment surged 24022.73% in 2018, then increased 7.63% in 2021.
• Over 4 years, Asset Writedowns and Impairment stood at $47.4 million in 2018, then sank by 97.54% to $1.2 million in 2020, then advanced by 7.63% to $1.3 million in 2021, then soared by 139.89% to $3.0 million in 2022.
• According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $3.0 million, $1.3 million, and $393000.0 for Q4 2022, Q4 2021, and Q1 2021 respectively.