What are the common causes of write-downs in the food industry? How do perishable goods contribute to inventory write-downs?

Apr 19, 2021 ... A write-down is the reduction of the value of an asset. The amount of the write-down is the difference between the book value listed on the balance sheet. Nov 4, 2024 ... German drugmaker BioNTech on Monday lowered its guidance for full-year revenue, citing COVID-19 uptake and price levels, inventory write-downs Sep 25, 2020 ... The LCM method is ideal for valuing inventory that loses value rapidly, as inventory may be written down to align properly with replacement cost ... Dec 9, 2019 ... ... writing them down. The inventory should include a variety of essential questions, including ones that invite students to share relevant ... Jan 21, 2025 ... An inventory write-down affects the balance sheet by reducing the value of inventory and increasing the cost of goods sold (COGS). Oct 31, 2023 ... As COVID sales crater, Pfizer takes $5.6B in inventory write-offs on Paxlovid, Comirnaty ... For Pfizer, several years of pandemic megaprofits ... A company is able to take a deduction on their tax return for obsolete inventory if they are no longer able to use the inventory in a “normal” manner. Nov 12, 2024 ... The company wrote down $612 million of inventory, of which $536 million is related to its solar business and $76 million to its non-solar ... Inventory write-down refers to the process of reducing the book value of inventory to its current market value, typically due to factors such as obsolescence, ... Jan 5, 2024 ... Lamb Weston feels effect of excess potato inventory write-down. Second-quarter volumes pressured by low-margin business exit. ... Lamb Weston ...