Discontinued — last reported Q4 '23
Business Segments · Remaining costs
Service — Remaining costs
Otis Worldwide Service — Remaining costs decreased by 13.6% to $19.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 280.0%, from $5.00M to $19.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ4 2023
Rolls up toRestructuring Reserve
How to read this metric
A decreasing balance indicates the successful completion of planned operational changes, whereas a persistent balance suggests ongoing or delayed transformation efforts.
Detailed definition
Reflects the outstanding financial obligations or unspent budget allocated to complete specific restructuring initiative...
Peer comparison
Comparable to 'Accrued Restructuring Liabilities' or 'Remaining Project Commitments' in financial disclosures.
Metric ID:
otis_segment_service_remaining_costsHistorical Data
6 periods
| Q4 '21 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|
| Value | $6.00M | $5.00M | $7.00M | $20.00M | $22.00M | $19.00M |
| QoQ Change | — | -16.7% | +40.0% | +185.7% | +10.0% | -13.6% |
| YoY Change | — | -16.7% | — | — | — | +280.0% |
Range$5.00M – $22.00M
CAGR+151.5%
Avg YoY Growth+131.7%
Median YoY Growth+131.7%
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Frequently Asked Questions
- What is Otis Worldwide's service — remaining costs?
- Otis Worldwide (OTIS) reported service — remaining costs of $19.00M in Q4 2023.
- How has Otis Worldwide's service — remaining costs changed year-over-year?
- Otis Worldwide's service — remaining costs increased by 280.0% year-over-year, from $5.00M to $19.00M.
- What does service — remaining costs mean?
- The amount of money left to be spent on ongoing restructuring or service projects.