What is ITT's russian federation — inventory write-down?

ITT (ITT) reported russian federation — inventory write-down of $1.6M in Q3 2023.

What does russian federation — inventory write-down mean?

The expense recognized when inventory in a specific region loses value or becomes unsellable.

Discontinued — last reported Q3 '23

RUSSIAN FEDERATION — Inventory Write-down

ITT RUSSIAN FEDERATION — Inventory Write-down increased by 33.3% to $1.6M in Q3 2023 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityModerate

First reportedQ1 2022

Last reportedQ3 2023Nov 2, 2023

Rolls up toInventory Write-Down

How to read this metric

Higher write-downs signal poor inventory turnover, supply chain disruptions, or deteriorating market conditions in the specific region.

Detailed definition

Reflects the reduction in the carrying value of inventory within a specific geographic segment when the cost exceeds its...

Peer comparison

Comparable to 'Inventory valuation adjustments' or 'Obsolescence charges' found in the cost of goods sold section of peer industrial manufacturers.

Metric ID: itt_segment_russian_federation_inventory_write_down

Historical Data

5 periods

	Q1 '22	Q2 '22	Q1 '23	Q2 '23	Q3 '23
Value	$5.4M	$300K	$200K	$1.2M	$1.6M
QoQ Change	—	-94.4%	-33.3%	+500.0%	+33.3%
YoY Change	—	—	-96.3%	+300.0%	—

Range$200K – $5.4M

CAGR-70.4%

Avg YoY Growth+101.9%

Median YoY Growth+101.9%

Current Streak2 quarters growth

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Frequently Asked Questions

What is ITT's russian federation — inventory write-down?: ITT (ITT) reported russian federation — inventory write-down of $1.6M in Q3 2023.
What does russian federation — inventory write-down mean?: The expense recognized when inventory in a specific region loses value or becomes unsellable.