Discontinued — last reported Q4 '23
Business Segments · Depreciation
Thermal Management — Depreciation
nVent Electric plc Thermal Management — Depreciation remained flat by 0.0% to $2.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 8.1%, from $1.85M to $2.00M. Over 2 years (FY 2021 to FY 2023), Thermal Management — Depreciation shows an upward trend with a 5.4% CAGR.
Analysis
StatementSegment
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2016
Last reportedQ4 2023Feb 20, 2024
Rolls up toD&A
How to read this metric
High depreciation relative to revenue may indicate a capital-intensive business model or aging equipment requiring replacement.
Detailed definition
The systematic allocation of the cost of tangible assets over their useful lives within the Thermal Management segment....
Peer comparison
Standard accounting expense for industrial segments with significant physical infrastructure.
Metric ID:
nvt_segment_thermal_management_depreciationHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $7.20M | $7.40M | $8.00M |
| YoY Change | — | +2.8% | +8.1% |
Range$7.20M – $8.00M
CAGR+5.4%
Avg YoY Growth+5.4%
Median YoY Growth+5.4%
Current Streak2+ years growth
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Frequently Asked Questions
- What is nVent Electric plc's thermal management — depreciation?
- nVent Electric plc (NVT) reported thermal management — depreciation of $2.00M in Q4 2023.
- How has nVent Electric plc's thermal management — depreciation changed year-over-year?
- nVent Electric plc's thermal management — depreciation increased by 8.1% year-over-year, from $1.85M to $2.00M.
- What is the long-term trend for nVent Electric plc's thermal management — depreciation?
- Over 2 years (2021 to 2023), nVent Electric plc's thermal management — depreciation has grown at a 5.4% compound annual growth rate (CAGR), from $7.20M to $8.00M.
- What does thermal management — depreciation mean?
- The annual non-cash cost of using physical assets in the Thermal Management segment.