Discontinued — last reported Q4 '23
Business Segments · Expected costs
New Equipment — Expected costs
Otis Worldwide New Equipment — Expected costs increased by 18.6% to $51.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 24.4%, from $41.00M to $51.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2023
Rolls up toRestructuring Reserve
How to read this metric
An increase may signal rising input costs or project complexity, while a decrease suggests improved cost management or project completion.
Detailed definition
Reflects the projected future expenditures required to fulfill existing new equipment contracts and installation obligat...
Peer comparison
Comparable to 'Estimated Cost to Complete' or 'Projected Contract Costs' in construction and capital equipment industries.
Metric ID:
otis_segment_new_equipment_expected_costsHistorical Data
6 periods
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|
| Value | $36.00M | $41.00M | $26.00M | $34.00M | $43.00M | $51.00M |
| QoQ Change | — | +13.9% | -36.6% | +30.8% | +26.5% | +18.6% |
| YoY Change | — | +13.9% | — | — | — | +24.4% |
Range$26.00M – $51.00M
CAGR+32.1%
Avg YoY Growth+19.1%
Median YoY Growth+19.1%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Otis Worldwide's new equipment — expected costs?
- Otis Worldwide (OTIS) reported new equipment — expected costs of $51.00M in Q4 2023.
- How has Otis Worldwide's new equipment — expected costs changed year-over-year?
- Otis Worldwide's new equipment — expected costs increased by 24.4% year-over-year, from $41.00M to $51.00M.
- What does new equipment — expected costs mean?
- The estimated future costs to complete current new equipment projects.