Otis Depreciation And Amortization from 2010 to 2024

OTIS Stock  USD 102.98  0.46  0.45%   
Otis Worldwide Depreciation And Amortization yearly trend continues to be comparatively stable with very little volatility. Depreciation And Amortization will likely drop to about 161.3 M in 2024. Depreciation And Amortization is the systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives. View All Fundamentals
 
Depreciation And Amortization  
First Reported
2019-03-31
Previous Quarter
41 M
Current Value
48 M
Quarterly Volatility
2.9 M
 
Covid
Check Otis Worldwide financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Otis Worldwide's main balance sheet or income statement drivers, such as Tax Provision of 511.7 M, Interest Income of 78.9 M or Depreciation And Amortization of 161.3 M, as well as many indicators such as Price To Sales Ratio of 1.66, Dividend Yield of 0.0097 or Days Sales Outstanding of 77.86. Otis financial statements analysis is a perfect complement when working with Otis Worldwide Valuation or Volatility modules.
  
Check out the analysis of Otis Worldwide Correlation against competitors.

Latest Otis Worldwide's Depreciation And Amortization Growth Pattern

Below is the plot of the Depreciation And Amortization of Otis Worldwide Corp over the last few years. It is the systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives. Otis Worldwide's Depreciation And Amortization historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Otis Worldwide's overall financial position and show how it may be relating to other accounts over time.
Depreciation And Amortization10 Years Trend
Pretty Stable
   Depreciation And Amortization   
       Timeline  

Otis Depreciation And Amortization Regression Statistics

Arithmetic Mean187,417,143
Geometric Mean186,210,440
Coefficient Of Variation12.78
Mean Deviation14,599,619
Median177,000,000
Standard Deviation23,955,442
Sample Variance573.9T
Range104.7M
R-Value0.26
Mean Square Error575.6T
R-Squared0.07
Significance0.35
Slope1,402,857
Total Sum of Squares8034.1T

Otis Depreciation And Amortization History

2024161.3 M
2023193 M
2021203 M
2020191 M
2019266 M
2018190 M

About Otis Worldwide Financial Statements

Otis Worldwide shareholders use historical fundamental indicators, such as Depreciation And Amortization, to determine how well the company is positioned to perform in the future. Although Otis Worldwide investors may analyze each financial statement separately, they are all interrelated. The changes in Otis Worldwide's assets and liabilities, for example, are also reflected in the revenues and expenses on on Otis Worldwide's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Depreciation And Amortization193 M161.3 M

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Additional Tools for Otis Stock Analysis

When running Otis Worldwide's price analysis, check to measure Otis Worldwide's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Otis Worldwide is operating at the current time. Most of Otis Worldwide's value examination focuses on studying past and present price action to predict the probability of Otis Worldwide's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Otis Worldwide's price. Additionally, you may evaluate how the addition of Otis Worldwide to your portfolios can decrease your overall portfolio volatility.