Discontinued — last reported Q3 '21
Geographic · Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
BRAZIL — Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ3 2021
Last reportedQ3 2021Nov 4, 2021
How to read this metric
An increase in the valuation allowance indicates a negative outlook on the recoverability of tax assets, often signaling declining profitability or economic uncertainty in the region. A decrease suggests improved tax planning outcomes or a more optimistic forecast for future taxable income in Brazil.
Detailed definition
This metric represents the periodic change in the valuation allowance established against deferred tax assets specifical...
Peer comparison
Comparable to valuation allowance adjustments reported by multinational corporations with significant operations in emerging markets, where tax asset recoverability is highly sensitive to local macroeconomic volatility.
Metric ID:
itt_segment_brazil_valuation_allowance_deferred_tax_asset_increase_decrease_amountHistorical Data
1 periods
| Q3 '21 | |
|---|---|
| Value | $1.90M |
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Frequently Asked Questions
- What is ITT's brazil — valuation allowance, deferred tax asset, increase (decrease), amount?
- ITT (ITT) reported brazil — valuation allowance, deferred tax asset, increase (decrease), amount of $1.90M in Q3 2021.
- What does brazil — valuation allowance, deferred tax asset, increase (decrease), amount mean?
- The net change in the reserve set aside for deferred tax assets in Brazil that are deemed unlikely to be realized.