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| 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 |