Discontinued — last reported Q3 '23
RUSSIAN FEDERATION — Asset impairment charges
ITT RUSSIAN FEDERATION — Asset impairment charges decreased by 64.3% to $500.00K in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 66.7%, from $300.00K to $500.00K. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests a decline in the expected future economic benefit of assets in the region, often signaling a strategic retreat or economic downturn.
Detailed definition
Measures the non-cash expense recognized when the carrying amount of long-lived assets, such as property, plant, equipme...
Peer comparison
Similar to 'Asset impairment' or 'Write-down of long-lived assets' reported by companies undergoing regional restructuring or facing adverse economic conditions.
itt_segment_russian_federation_asset_impairment_chargesHistorical Data
| Q1 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|
| Value | $8.80M | $300.00K | $1.80M | $1.40M | $500.00K |
| QoQ Change | — | -96.6% | +500.0% | -22.2% | -64.3% |
| YoY Change | — | — | -79.5% | — | +66.7% |
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Frequently Asked Questions
- What is ITT's russian federation — asset impairment charges?
- ITT (ITT) reported russian federation — asset impairment charges of $500.00K in Q3 2023.
- How has ITT's russian federation — asset impairment charges changed year-over-year?
- ITT's russian federation — asset impairment charges increased by 66.7% year-over-year, from $300.00K to $500.00K.
- What does russian federation — asset impairment charges mean?
- The accounting loss recorded when the value of assets in a specific region is deemed to have permanently declined.