Universal Technical Institute (UTI) Asset Writedowns and Impairment (2010 - 2024)
Universal Technical Institute (UTI) posted quarterly Asset Writedowns and Impairment of -$5.1 million for Q3 2024, down 250.1% year-over-year from $3.4 million in Q4 2023, and down 369.9% quarter-over-quarter from $1.9 million in Q2 2024.
Universal Technical Institute (UTI) Asset Writedowns and Impairment (2010 - 2024) Analysis & Trends
Universal Technical Institute (UTI) has reported Asset Writedowns and Impairment for 15 consecutive years, with -$5.1 million the latest figure, recorded in Q3 2024.
- In Q3 2024, Asset Writedowns and Impairment fell 250.1% year-over-year to -$5.1 million; the TTM figure through Jun 2024 stood at $3.6 million (up 164.16% YoY), while the FY2022 annual figure was $2.0 million, up 16.41% from the prior year.
- Asset Writedowns and Impairment slipped to -$5.1 million in Q3 2024 per UTI's latest filing, from $1.9 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $1.9 million in Q2 2024 and bottomed at -$5.1 million in Q3 2024.
- Historically, Asset Writedowns and Impairment has averaged $180789.5 across 5 years, with a median of $560000.0 in 2021.
- Annual changes were most pronounced in 2022 — Asset Writedowns and Impairment jumped 2957.69% — and 2023, when it slumped 1779.22%.
- Universal Technical Institute's Asset Writedowns and Impairment stood at $389000.0 in 2020, then jumped by 43.96% to $560000.0 in 2021, then slipped by 4.46% to $535000.0 in 2022, then surged by 177.76% to $1.5 million in 2023, then tumbled by 440.92% to -$5.1 million in 2024.
- Business Quant data shows UTI's Asset Writedowns and Impairment at -$5.1 million in Q3 2024, $1.9 million in Q2 2024, and $1.7 million in Q1 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn |
| 10 | Universal Technical Institute | 1.44 Bn | 1.27 Bn | 100.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | -5.07 Mn |
| Sep 30, 2024 | -5.07 Mn |
| Jun 30, 2024 | 1.88 Mn |
| Jun 30, 2024 | 1.88 Mn |
| Mar 31, 2024 | 1.70 Mn |
| Mar 31, 2024 | 1.70 Mn |
| Dec 31, 2023 | 1.49 Mn |
| Dec 31, 2023 | 1.49 Mn |
| Sep 30, 2023 | -1.45 Mn |
| Sep 30, 2023 | -1.45 Mn |
| Jun 30, 2023 | -624,000.00 |
| Jun 30, 2023 | -624,000.00 |
| Mar 31, 2023 | 1.54 Mn |
| Mar 31, 2023 | 1.54 Mn |
| Dec 31, 2022 | 535,000.00 |
| Dec 31, 2022 | 535,000.00 |
| Sep 30, 2022 | -77,000.00 |
| Sep 30, 2022 | -77,000.00 |
| Jun 30, 2022 | 722,000.00 |
| Jun 30, 2022 | 722,000.00 |