Ituran Location & Control Ltd. Files 2024 Annual Report
Ticker: ITRN · Form: 20-F · Filed: Apr 21, 2025 · CIK: 1337117
Sentiment: neutral
Topics: annual-report, financials, leases, impairment
TL;DR
Ituran's 2024 20-F is in: lease obligations down, goodwill impairment noted.
AI Summary
Ituran Location & Control Ltd. filed its 20-F annual report for the fiscal year ending December 31, 2024. The company reported US$34.0 million in operating lease transactions as of December 31, 2024, down from US$40.9 million in the prior year. The filing also mentions goodwill impairment loss as of December 31, 2024, though the specific amount is not fully detailed in the provided text.
Why It Matters
This filing provides investors with a comprehensive overview of Ituran's financial performance and operational status for the past fiscal year, including key financial figures and disclosures.
Risk Assessment
Risk Level: medium — The mention of goodwill impairment loss suggests potential challenges or revaluations of acquired assets, which warrants investor attention.
Key Numbers
- US$34.0M — Operating Lease Transactions (As of December 31, 2024, indicating a decrease from the previous year.)
- US$40.9M — Operating Lease Transactions (As of December 31, 2023, showing the prior year's figure.)
- US$23.1M — Operating Lease Transactions (As of December 31, 2024, for a different category of leases.)
- US$21.9M — Operating Lease Transactions (As of December 31, 2023, for a different category of leases.)
Key Players & Entities
- Ituran Location & Control Ltd. (company) — Filer of the 20-F report
- US$34.0 million (dollar_amount) — Operating lease transactions as of December 31, 2024
- US$40.9 million (dollar_amount) — Operating lease transactions as of December 31, 2023
- December 31, 2024 (date) — Reporting period end date
- December 31, 2023 (date) — Prior year reporting period end date
FAQ
What is the total amount of goodwill impairment loss as of December 31, 2024?
The provided text indicates that there is an accumulated amount of goodwill impairment loss as of December 31, 2024, but the specific dollar amount is not fully detailed in this excerpt.
What was the total value of operating lease transactions for Ituran at the end of 2023?
As of December 31, 2023, the amount subject to operating lease transactions was US$40.9 million.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the primary business classification for Ituran Location & Control Ltd. according to the SIC code?
The Standard Industrial Classification (SIC) code is 5065, which corresponds to Wholesale-Electronic Parts & Equipment, NEC.
What is the filing date of this 20-F report?
This 20-F report was filed on April 21, 2025.
Filing Details
This Form 20-F (Form 20-F) was filed with the SEC on April 21, 2025 regarding Ituran Location & Control Ltd. (ITRN).