Trinet (TNET) Asset Writedowns and Impairment (2022 - 2024)

Trinet (TNET) recorded quarterly Asset Writedowns and Impairment of $1.0 million in Q1 2024, up 150.0% quarter-over-quarter from -$2.0 million in Q4 2023, and little changed on a YoY basis from $1.0 million in Q2 2023.

Trinet (TNET) Asset Writedowns and Impairment (2022 - 2024) Analysis & Trends

Trinet's Asset Writedowns and Impairment history runs 3 years deep, the most recent figure standing at $1.0 million for Q1 2024.

  • In Q1 2024, Asset Writedowns and Impairment changed 0.0% year-over-year to $1.0 million; the TTM figure through Mar 2024 stood at $1.0 million (down 50.0% YoY), while the FY2024 annual figure was $2.0 million, changed N/A from the prior year.
  • Asset Writedowns and Impairment was $1.0 million for Q1 2024 at Trinet, up from -$2.0 million in the prior quarter.
  • In the past five years, Asset Writedowns and Impairment ranged from a high of $1.0 million in Q4 2022 to a low of -$2.0 million in Q4 2023.
  • Historically, Asset Writedowns and Impairment has averaged $250000.0 across 3 years, with a median of $1.0 million in 2022.
  • The sharpest annual moves came in 2023 and 2024: Asset Writedowns and Impairment sank 300.0% in 2023, then changed 0.0% in 2024.
  • A 3-year view of Asset Writedowns and Impairment shows it stood at $1.0 million in 2022, then tumbled by 300.0% to -$2.0 million in 2023, then jumped 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 3.69 Bn 2.72 Bn 724.93 Mn
2 Robert Half 3.13 Bn 2.85 Bn 479.91 Mn
3 Trinet 2.12 Bn 660.05 Mn 1.16 Bn
4 ManpowerGroup 1.56 Bn 1.34 Bn 723.00 Mn
5 Insperity 1.38 Bn 825.54 Mn 302.00 Mn
6 Barrett Business Services 828.03 Mn 736.15 Mn 43.19 Mn
7 Kforce 777.11 Mn 775.77 Mn 90.07 Mn
8 Kelly Services 391.13 Mn 365.53 Mn 196.40 Mn
9 TrueBlue 205.89 Mn 181.76 Mn 79.02 Mn
10 HireQuest 172.03 Mn 171.01 Mn -

Historic Data

Download Data
DateValue
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