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| Date | Value |
|---|---|
| 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 |