Discontinued — last reported Q1 '24
Software as a Service — Intangible Amortization
ResMed Software as a Service — Intangible Amortization decreased by 2.5% to $6.76M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 2.8%, from $6.96M to $6.76M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in amortization expense typically reflects recent acquisitions or significant investments in intangible assets, while a decrease may indicate that older assets are becoming fully amortized. High levels of amortization relative to revenue can mask the underlying cash-generating efficiency of the software segment.
Detailed definition
This metric represents the periodic non-cash expense recognized to allocate the cost of intangible assets, such as acqui...
Peer comparison
Comparable to 'Amortization of Acquired Intangibles' found in the footnotes or segment disclosures of other technology-enabled healthcare or SaaS companies, though it is highly dependent on the company's specific M&A history.
rmd_segment_software_as_a_service_amortization_of_intangible_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.16M | $10.16M | $10.16M | $9.91M | $5.32M | $5.15M | $5.96M | $6.96M | $6.99M | $6.93M | $6.76M |
| QoQ Change | — | -0.0% | +0.0% | -2.4% | -46.4% | -3.2% | +15.9% | +16.7% | +0.5% | -0.8% | -2.5% |
| YoY Change | — | — | — | — | -47.7% | -49.3% | -41.3% | -29.8% | +35.9% | +16.3% | -2.8% |
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Frequently Asked Questions
- What is ResMed's software as a service — intangible amortization?
- ResMed (RMD) reported software as a service — intangible amortization of $6.76M in Q1 2024.
- How has ResMed's software as a service — intangible amortization changed year-over-year?
- ResMed's software as a service — intangible amortization decreased by 2.8% year-over-year, from $6.96M to $6.76M.
- What does software as a service — intangible amortization mean?
- The annual non-cash expense representing the gradual write-down of intangible assets specifically related to the software business.