Tim (TIMB) Asset Writedowns and Impairment (2020 - 2023)

Tim (TIMB) posted quarterly Asset Writedowns and Impairment of -$61.7 million for Q2 2023, down 1.77% year-over-year from -$62.9 million in Q2 2022, and down 100.65% on a QoQ basis from -$30.8 million in Q1 2023.

Tim (TIMB) Asset Writedowns and Impairment (2020 - 2023) Analysis & Trends

Tim (TIMB) has reported Asset Writedowns and Impairment for 4 consecutive years, with -$61.7 million the latest figure, recorded in Q2 2023.

  • In Q2 2023, Asset Writedowns and Impairment fell 1.77% year-over-year to -$61.7 million; the TTM figure through Jun 2023 stood at -$179.3 million (down 67.69% YoY), while the FY2025 annual figure was $142.0 million, changed N/A from the prior year.
  • Asset Writedowns and Impairment came in at -$61.7 million for Q2 2023 at Tim, down from -$30.8 million in the prior quarter.
  • The five-year high for Asset Writedowns and Impairment was $22.6 million in Q1 2021, with the low at -$61.7 million in Q2 2023.
  • Average Asset Writedowns and Impairment over 4 years is -$33.2 million, with a median of -$36.8 million recorded in 2020.
  • Across the five-year window, Asset Writedowns and Impairment soared 152.9% in 2021 and slumped 215.42% in 2022, its largest moves.
  • Year by year, Asset Writedowns and Impairment stood at -$42.8 million in 2020, then jumped by 152.9% to $22.6 million in 2021, then plunged by 368.19% to -$60.7 million in 2022, then retreated by 1.77% to -$61.7 million in 2023.
  • According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered -$61.7 million, -$30.8 million, and -$60.7 million for Q2 2023, Q1 2023, and Q2 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Perusahaan Perseroan Persero Pt Telekomunikasi Indonesia Tbk 1,360.11 Bn 465.10 Bn -
2 T-Mobile US 190.40 Bn 186.88 Bn 17.62 Bn
3 Verizon Communications 176.65 Bn 169.60 Bn 27.94 Bn
4 At&T 143.78 Bn 133.82 Bn 25.25 Bn
5 Telecom Argentina 27.29 Bn -708.89 Bn -
6 Charter Communications 17.55 Bn 21.72 Bn -
7 Millicom International Cellular 15.13 Bn 13.99 Bn -
8 Globalstar 10.40 Bn 10.04 Bn 46.63 Mn
9 Sify Technologies 7.22 Bn 7.17 Bn 54.72 Mn
10 Tim - - 677.20 Mn

Historic Data

Download Data
DateValue
Jun 30, 2023 -61.75 Mn
Jun 30, 2023 -61.75 Mn
Mar 31, 2023 30.77 Mn
Mar 31, 2023 30.77 Mn
Jun 30, 2022 -60.67 Mn
Jun 30, 2022 -60.67 Mn
Mar 31, 2022 26.11 Mn
Mar 31, 2022 26.11 Mn
Mar 31, 2021 22.62 Mn
Mar 31, 2021 22.62 Mn
Mar 31, 2020 -42.76 Mn
Mar 31, 2020 -42.76 Mn