What is Quanta Services's renewable energy — asset impairment charges?

Quanta Services (PWR) reported renewable energy — asset impairment charges of $2.93M in Q4 2022.

What does renewable energy — asset impairment charges mean?

The reduction in value of assets that are no longer expected to be as profitable as previously thought.

Discontinued — last reported Q4 '22

Business Segments · Asset impairment charges

Renewable Energy — Asset impairment charges

Quanta Services Renewable Energy — Asset impairment charges remained flat by 0.0% to $2.93M in Q4 2022 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ1 2022

Last reportedQ4 2022

How to read this metric

High or frequent charges signal poor capital allocation or deteriorating market conditions for specific assets.

Detailed definition

Non-cash charges recognized when the carrying value of an asset in the renewable energy segment exceeds its fair value....

Peer comparison

Standard accounting metric for assessing asset quality and valuation accuracy.

Metric ID: pwr_segment_renewable_energy_asset_impairment_charges

Historical Data

1 years

	FY'22
Value	$11.70M

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Frequently Asked Questions

What is Quanta Services's renewable energy — asset impairment charges?: Quanta Services (PWR) reported renewable energy — asset impairment charges of $2.93M in Q4 2022.
What does renewable energy — asset impairment charges mean?: The reduction in value of assets that are no longer expected to be as profitable as previously thought.