What does scanners and services — asset impairment charges mean?

The specific cost recognized when assets in the scanners and services segment lose value.

How do you interpret scanners and services — asset impairment charges?

High impairment charges are a negative signal, suggesting that previous investments in hardware or technology are not yielding expected returns.

How does scanners and services — asset impairment charges compare across companies?

Standard accounting metric for assessing asset health across all industries with significant physical or intangible asset bases.

Align Technology ALGN Scanners And Services — Asset Impairment Charges

Discontinued — last reported Q2 '19

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APTVOperating Segments — Asset Impairment Charges

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Other financials

Income statement

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Revenue$1.0B+6.2%

Gross profit$736.6M+8.3%

Operating income$142.0M+8.3%

Net income$112.8M+21.0%

EPS (diluted)$1.57+23.6%

Balance sheet

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Cash & equivalents$1.1B+21.4%

Total debt$116.0M-2.1%

Total equity$4.1B+9.4%

Total assets$6.3B+3.5%

Cash flow

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Operating cash flow$151.0M+187%

CapEx$30.8M+21.7%

Free cash flow$120.3M+339%

Valuation

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Market cap$13.04B+4.5%

Enterprise value$12.1B+3.1%

P/E30.3×-0.1×

P/S3.2×0.0×

Profitability

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Gross margin67.6%-2.3pp

Operating margin13.6%-1.1pp

Net margin10.5%+0.2pp

FCF margin14.3%-1.6pp

Returns & leverage

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Return on equity10.8%0.0pp

Debt / equity0×0.0×

Current ratio1.4×+0.2×

Where this comes from

Reported directly by Align Technology in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Align Technology’s 10-Q, filed August 1, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does scanners and services — asset impairment charges mean?: The specific cost recognized when assets in the scanners and services segment lose value.
How do you interpret scanners and services — asset impairment charges?: High impairment charges are a negative signal, suggesting that previous investments in hardware or technology are not yielding expected returns.
How does scanners and services — asset impairment charges compare across companies?: Standard accounting metric for assessing asset health across all industries with significant physical or intangible asset bases.