What does automotive — goodwill impairment charge mean?

A current-period charge taken when the value of an acquired automotive business is deemed lower than its recorded book value.

How do you interpret automotive — goodwill impairment charge?

A non-zero value is a negative signal indicating that past acquisitions are underperforming or market conditions have deteriorated.

How does automotive — goodwill impairment charge compare across companies?

Investors monitor this to assess the quality of management's capital allocation and acquisition discipline.

Genuine Parts GPC Automotive — Goodwill impairment charge

Discontinued — last reported Q4 '22

Similar metrics at other companies

PAGRetail automotive dealership — Goodwill impairment charges

$10.18M—

MODAutomotive — Goodwill Impairment

$125K—

LFUSAutomotive — Goodwill, Impairment Loss

$33.8M—

MODAutomotive — Goodwill Impaired Accumulated Impairment Loss

$9.2M0.0%

ALLYAutomotive Finance operations — Goodwill impairment

$0—

GRMNAuto OEM — Goodwill Impairment

$3M—

Other financials

Income statement

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Revenue$6.3B+6.8%

Gross profit$2.3B+7.6%

Net income$188.5M-3.0%

EPS (diluted)$1.37-2.1%

Balance sheet

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Cash & equivalents$500.0M+18.9%

Total debt$6.4B+4.2%

Total equity$4.5B+0.6%

Total assets$21.0B+5.9%

Cash flow

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Operating cash flow$63.9M+257%

CapEx$97.6M-18.6%

Free cash flow-$33.6M+79.1%

Valuation

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Market cap$14.96B-11.0%

Enterprise value$20.82B-7.4%

P/E17.3×+4.3×

P/S0.6×-0.1×

Profitability

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Gross margin36.9%+0.3pp

Net margin3.4%-1.3pp

FCF margin2.2%+0.7pp

Returns & leverage

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Return on equity17.1%-7.4pp

Debt / equity1.4×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Genuine Parts in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Genuine Parts’s 10-K, filed February 23, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genuine Parts's automotive — goodwill impairment charge?: Genuine Parts (GPC) reported automotive — goodwill impairment charge of $0 in Q4 2022.
What does automotive — goodwill impairment charge mean?: A current-period charge taken when the value of an acquired automotive business is deemed lower than its recorded book value.
How do you interpret automotive — goodwill impairment charge?: A non-zero value is a negative signal indicating that past acquisitions are underperforming or market conditions have deteriorated.
How does automotive — goodwill impairment charge compare across companies?: Investors monitor this to assess the quality of management's capital allocation and acquisition discipline.