Trinet (TNET) Asset Writedowns and Impairment (2022 - 2024)
Trinet's quarterly Asset Writedowns and Impairment came in at $1.0 million in Q1 2024, little changed year-on-year from $1.0 million in Q2 2023, and up 150.0% quarter-over-quarter from -$2.0 million in Q4 2023.
Trinet has reported Asset Writedowns and Impairment for 3 years, with the latest figure at $1.0 million in Q1 2024.
- For the quarter ending Q1 2024, Asset Writedowns and Impairment changed 0.0% year-over-year to $1.0 million; the trailing twelve-month figure through Mar 2024 stood at $1.0 million (down 50.0% YoY), and the FY2024 full-year result was $2.0 million, changed N/A from the prior year.
- Asset Writedowns and Impairment for Q1 2024 stood at $1.0 million, up from -$2.0 million in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $1.0 million in Q4 2022, with the low at -$2.0 million in Q4 2023.
- Average Asset Writedowns and Impairment over 3 years is $250000.0, with a median of $1.0 million recorded in 2022.
- Year-over-year, Asset Writedowns and Impairment sank 300.0% in 2023 and changed 0.0% in 2024.
- Tracing TNET's Asset Writedowns and Impairment over 3 years: stood at $1.0 million in 2022, then slumped by 300.0% to -$2.0 million in 2023, then surged by 150.0% to $1.0 million in 2024.
- The last three Asset Writedowns and Impairment figures came in at $1.0 million (Q1 2024), -$2.0 million (Q4 2023), and $1.0 million (Q1 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Korn Ferry | 3.61 Bn | 2.64 Bn | 724.93 Mn |
| 2 | Robert Half | 2.93 Bn | 2.65 Bn | 479.91 Mn |
| 3 | Trinet | 2.15 Bn | 684.96 Mn | 1.16 Bn |
| 4 | ManpowerGroup | 1.48 Bn | 1.25 Bn | 723.00 Mn |
| 5 | Insperity | 1.31 Bn | 754.86 Mn | 302.00 Mn |
| 6 | Barrett Business Services | 814.51 Mn | 722.64 Mn | 43.19 Mn |
| 7 | Kforce | 805.03 Mn | 803.69 Mn | 90.07 Mn |
| 8 | Kelly Services | 399.73 Mn | 374.13 Mn | 196.40 Mn |
| 9 | TrueBlue | 187.20 Mn | 163.07 Mn | 79.02 Mn |
| 10 | HireQuest | 182.43 Mn | 181.41 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 1.00 Mn |
| Mar 31, 2024 | 1.00 Mn |
| Dec 31, 2023 | -2.00 Mn |
| Dec 31, 2023 | -2.00 Mn |
| Mar 31, 2023 | 1.00 Mn |
| Mar 31, 2023 | 1.00 Mn |
| Dec 31, 2022 | 1.00 Mn |
| Dec 31, 2022 | 1.00 Mn |