Weatherford International (WFRD) Asset Writedowns and Impairment (2013 - 2024)

Weatherford International (WFRD) posted Asset Writedowns and Impairment of $9.0 million for Q2 2024, up 50.0% on a QoQ basis from $6.0 million in Q1 2024.

Weatherford International (WFRD) Asset Writedowns and Impairment (2013 - 2024) Analysis & Trends

Weatherford International's Asset Writedowns and Impairment history runs 12 years deep, the most recent figure standing at $9.0 million for Q2 2024.

  • Quarterly Asset Writedowns and Impairment changed N/A year-over-year to $9.0 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $34.0 million (up 47.83% YoY) and the FY2023 annual result came in at $19.0 million, down 47.22% from the prior year.
  • Asset Writedowns and Impairment was $9.0 million for Q2 2024 at Weatherford International, up from $6.0 million in the prior quarter.
  • Across five years, Asset Writedowns and Impairment topped out at $178.0 million in Q2 2020 and bottomed at $2.0 million in Q1 2020.
  • A 5-year average of $25.0 million and a median of $11.0 million in 2021 frame the typical range for Asset Writedowns and Impairment.
  • Peak annual rise in Asset Writedowns and Impairment reached 1269.23% in 2020, while the deepest fall reached 96.55% in 2020.
  • Weatherford International's Asset Writedowns and Impairment stood at $44.0 million in 2020, then plunged by 72.73% to $12.0 million in 2021, then plunged by 50.0% to $6.0 million in 2022, then surged by 216.67% to $19.0 million in 2023, then sank by 52.63% to $9.0 million in 2024.
  • Business Quant data shows WFRD's Asset Writedowns and Impairment at $9.0 million in Q2 2024, $6.0 million in Q1 2024, and $19.0 million in Q4 2023.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Slb 78.08 Bn 74.69 Bn 5.38 Bn
2 Tenaris 58.18 Bn 46.31 Bn 1.05 Bn
3 TechnipFMC 30.64 Bn 29.36 Bn 1.64 Bn
4 Halliburton 27.87 Bn 25.86 Bn 2.04 Bn
5 Nov 7.48 Bn 6.14 Bn 379.00 Mn
6 Weatherford International 6.35 Bn 5.21 Bn 776.00 Mn
7 Archrock 6.34 Bn 6.34 Bn 247.42 Mn
8 Oceaneering International 5.28 Bn 4.67 Bn 127.27 Mn
9 Kodiak Gas Services 5.09 Bn 4.99 Bn 222.88 Mn
10 Tidewater 3.87 Bn 3.32 Bn 160.04 Mn

Historic Data

Download Data
DateValue
Jun 30, 2024 9.00 Mn
Jun 30, 2024 9.00 Mn
Mar 31, 2024 6.00 Mn
Mar 31, 2024 6.00 Mn
Dec 31, 2023 19.00 Mn
Dec 31, 2023 19.00 Mn
Mar 31, 2023 11.00 Mn
Mar 31, 2023 11.00 Mn
Dec 31, 2022 6.00 Mn
Dec 31, 2022 6.00 Mn
Sep 30, 2022 6.00 Mn
Sep 30, 2022 6.00 Mn
Jun 30, 2022 9.00 Mn
Jun 30, 2022 9.00 Mn
Mar 31, 2022 12.00 Mn
Mar 31, 2022 12.00 Mn
Dec 31, 2021 12.00 Mn
Dec 31, 2021 12.00 Mn
Sep 30, 2021 11.00 Mn
Sep 30, 2021 11.00 Mn