Discontinued — last reported Q4 '23
Other — Depreciation
nVent Electric plc Other — Depreciation remained flat by 0.0% to $1.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 2.0%, from $1.28M to $1.25M. Over 2 years (FY 2021 to FY 2023), Other — Depreciation shows an upward trend with a 9.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase suggests a larger asset base or accelerated depreciation, while a decrease may indicate aging assets or reduced capital investment.
Detailed definition
The systematic allocation of the cost of tangible assets within the 'Other' segment over their useful lives. This non-ca...
Peer comparison
Depreciation in 'Other' segments is typically low and stable, reflecting corporate-level assets rather than high-volume manufacturing equipment.
nvt_segment_other_depreciationHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $4.20M | $5.10M | $5.00M |
| YoY Change | — | +21.4% | -2.0% |
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Frequently Asked Questions
- What is nVent Electric plc's other — depreciation?
- nVent Electric plc (NVT) reported other — depreciation of $1.25M in Q4 2023.
- How has nVent Electric plc's other — depreciation changed year-over-year?
- nVent Electric plc's other — depreciation decreased by 2.0% year-over-year, from $1.28M to $1.25M.
- What is the long-term trend for nVent Electric plc's other — depreciation?
- Over 2 years (2021 to 2023), nVent Electric plc's other — depreciation has grown at a 9.1% compound annual growth rate (CAGR), from $4.20M to $5.00M.
- What does other — depreciation mean?
- The non-cash expense representing the wear and tear of assets used in the company's miscellaneous business segment.