What is Otis Worldwide's non-us — loss on fixed asset impairment?

Otis Worldwide (OTIS) reported non-us — loss on fixed asset impairment of $18.00M in Q3 2024.

What does non-us — loss on fixed asset impairment mean?

The accounting loss recognized when the value of international fixed assets is written down due to reduced future utility.

Discontinued — last reported Q3 '24

Geographic · Loss on fixed asset impairment

Non-US — Loss on fixed asset impairment

Analysis

StatementSegment

CategoryEfficiency

SignalLower is better

VolatilityVolatile

First reportedQ3 2024

Last reportedQ3 2024

Rolls up toImpairment Charges

How to read this metric

An increase signals deteriorating asset performance or unfavorable economic conditions in international markets, while a low or zero value suggests stable asset utilization.

Detailed definition

This metric measures the non-cash charge taken when the carrying amount of long-lived fixed assets in the non-US segment...

Peer comparison

Commonly reported as 'Impairment of long-lived assets' or 'Fixed asset write-downs' by industrial peers.

Metric ID: otis_segment_non_us_loss_on_fixed_asset_impairment

Historical Data

1 periods

	Q3 '24
Value	$18.00M

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Frequently Asked Questions

What is Otis Worldwide's non-us — loss on fixed asset impairment?: Otis Worldwide (OTIS) reported non-us — loss on fixed asset impairment of $18.00M in Q3 2024.
What does non-us — loss on fixed asset impairment mean?: The accounting loss recognized when the value of international fixed assets is written down due to reduced future utility.