Discontinued — last reported Q4 '23
Business Segments · Expected costs
Service — Expected costs
Otis Worldwide Service — Expected costs remained flat by 0.0% to $77.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 11.6%, from $69.00M to $77.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ4 2021
Last reportedQ4 2023
Rolls up toRestructuring Reserve
How to read this metric
Rising expected costs may signal inflationary pressures on labor or parts, while declining costs suggest successful operational efficiencies or reduced service intensity.
Detailed definition
Represents the projected future expenditures required to fulfill service obligations, maintenance contracts, and operati...
Peer comparison
Similar to 'Estimated Cost to Complete' or 'Projected Service Delivery Costs' used in long-term service contract accounting.
Metric ID:
otis_segment_service_expected_costsHistorical Data
6 periods
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|
| Value | $48.00M | $69.00M | $45.00M | $64.00M | $77.00M | $77.00M |
| QoQ Change | — | +43.8% | -34.8% | +42.2% | +20.3% | +0.0% |
| YoY Change | — | +43.8% | — | — | — | +11.6% |
Range$45.00M – $77.00M
CAGR+45.9%
Avg YoY Growth+27.7%
Median YoY Growth+27.7%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Otis Worldwide's service — expected costs?
- Otis Worldwide (OTIS) reported service — expected costs of $77.00M in Q4 2023.
- How has Otis Worldwide's service — expected costs changed year-over-year?
- Otis Worldwide's service — expected costs increased by 11.6% year-over-year, from $69.00M to $77.00M.
- What does service — expected costs mean?
- The anticipated future spending required to maintain service operations.