What does asia pacific — tax benefit on impairment charge mean?

This metric quantifies the reduction in income tax expense resulting from the recognition of a goodwill impairment charge within the Asia Pacific segment. It represents the tax shield generated by the accounting loss, which may be deductible depending on local tax jurisdictions. This figure is essential for calculating the net-of-tax impact of impairment events on the company's overall earnings.

Watts Water Technologies, Inc. WTS Asia Pacific — Tax Benefit On Impairment Charge

Discontinued — last reported Q4 '14

Similar metrics at other companies

PPGAsia Pacific — Pre-Tax Income

$104.5M-12.2%

COPAsia Pacific Operating Segment — Income tax provision (benefit)

$60M-6.3%

AXPAPAC Geographic Region — Pretax income (loss) from continuing operations

$207.75M+26.7%

JPMAsia-Pacific — Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

$1.45B+14.2%

BKAsia Pacific — Pre-Tax Income

$186.5M+5.1%

JPMAsia Pacific — Net Income

$1.03B+13.4%

Other financials

Income statement

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Revenue$677.3M+21.4%

Gross profit$326.1M+19.7%

Operating income$133.0M+51.7%

Net income$99.6M+34.6%

EPS (diluted)$2.97+34.4%

Balance sheet

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Cash & equivalents$374.7M+11.3%

Total debt$197.8M+0.3%

Total equity$2.1B+18.3%

Total assets$2.9B+17.6%

Cash flow

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Operating cash flow$17.9M-67.6%

CapEx$11.3M+17.7%

Free cash flow$6.6M-85.5%

Valuation

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Market cap$11.48B+42.5%

Enterprise value$11.31B+42.8%

P/E31.3×+3.8×

P/S4.5×+0.9×

Profitability

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Gross margin49.2%+1.6pp

Operating margin19.3%+2.3pp

Net margin14.3%+1.3pp

FCF margin12.4%-2.6pp

Returns & leverage

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Return on equity18.9%+1.3pp

Debt / equity0.1×0.0×

Current ratio2.7×+0.3×

Where this comes from

Reported directly by Watts Water Technologies, Inc. in its filing.

Tagged under the XBRL concept wts:TaxBenefitOnImpairmentCharge.

The official record: Watts Water Technologies, Inc.’s 10-K, filed February 29, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does asia pacific — tax benefit on impairment charge mean?: This metric quantifies the reduction in income tax expense resulting from the recognition of a goodwill impairment charge within the Asia Pacific segment. It represents the tax shield generated by the accounting loss, which may be deductible depending on local tax jurisdictions. This figure is essential for calculating the net-of-tax impact of impairment events on the company's overall earnings.