Discontinued — last reported Q3 '23
Oilfield Services & Equipment — Inventory impairment
Baker Hughes Oilfield Services & Equipment — Inventory impairment decreased by 100.0% to $0.00 in Q3 2023 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests potential issues with inventory management, technological obsolescence, or a weakening market for specific oilfield products, while a decrease indicates stable demand and efficient inventory turnover.
Detailed definition
This metric represents the non-cash expense recognized when the carrying value of inventory within the Oilfield Services...
Peer comparison
Peers in the oilfield services sector often report this as 'lower of cost or market' adjustments or inventory write-downs, which typically spike during industry downturns or rapid technological shifts.
bkr_segment_oilfield_services_equipment_inventory_impairmentHistorical Data
| Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|
| Value | $18.00M | $15.00M | $0.00 |
| QoQ Change | — | -16.7% | -100.0% |
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Frequently Asked Questions
- What is Baker Hughes's oilfield services & equipment — inventory impairment?
- Baker Hughes (BKR) reported oilfield services & equipment — inventory impairment of $0.00 in Q3 2023.
- What does oilfield services & equipment — inventory impairment mean?
- The cost recorded when the value of oilfield equipment and supplies held in stock drops below what the company originally paid for them.