What does europe — asset impairment charges mean?

The cost recorded when the value of physical assets in the European segment drops significantly.

How do you interpret europe — asset impairment charges?

An increase indicates potential operational challenges or declining market conditions in the region.

How does europe — asset impairment charges compare across companies?

Commonly reported as asset impairment or write-downs in segment notes for industrial manufacturing peers.

Modine Manufacturing MOD Europe — Asset Impairment Charges

Discontinued — last reported Q4 '16

Similar metrics at other companies

RLEurope Segment — Asset Impairment Charges

$0—

SWEurope, MEA and APAC — Impairment of property, plant and equipment

$28M+1,300%

GMEEurope — Asset impairments

-$4.9M-128%

GMEEurope — Impairment Of Long Lived Assets Held For Use

$150K-50.0%

SWEurope, MEA and APAC — Property, plant, and equipment impairment

$250K-80.0%

GMEEurope — Other Asset Impairment Charges

$1.63M+58.5%

Other financials

Income statement

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Revenue$954.4M+47.5%

Gross profit$214.7M+29.3%

Operating income$103.9M+39.5%

Net income$73.3M+47.8%

EPS (diluted)$1.36+46.2%

Balance sheet

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Cash & equivalents$73.5M+2.7%

Total debt$538.5M+32.2%

Total equity$1.2B+31.2%

Total assets$2.7B+39.5%

Cash flow

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Operating cash flow$194.9M+256%

CapEx$42.1M+52.0%

Free cash flow$152.8M+464%

Valuation

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Market cap$15.71B+183%

Enterprise value$16.17B+172%

P/E129.3×+99.1×

P/S4.9×+2.8×

Profitability

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Gross margin23%-1.9pp

Operating margin10.8%-0.2pp

Net margin3.8%-3.3pp

FCF margin3.3%-1.7pp

Returns & leverage

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Return on equity11.5%-10.7pp

Debt / equity0.5×0.0×

Current ratio1.9×+0.2×

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Modine Manufacturing’s 10-K, filed May 24, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does europe — asset impairment charges mean?: The cost recorded when the value of physical assets in the European segment drops significantly.
How do you interpret europe — asset impairment charges?: An increase indicates potential operational challenges or declining market conditions in the region.
How does europe — asset impairment charges compare across companies?: Commonly reported as asset impairment or write-downs in segment notes for industrial manufacturing peers.