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CBIZ (CBZ) Goodwill

: $865 Mil (As of Dec. 2023)
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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. CBIZ's goodwill for the quarter that ended in Dec. 2023 was $865 Mil.


CBIZ Goodwill Historical Data

The historical data trend for CBIZ's Goodwill can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CBIZ Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 588.21 683.08 740.74 819.92 865.18

CBIZ Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Goodwill Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 819.92 - - - 865.18

CBIZ Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.


CBIZ  (NYSE:CBZ) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

CBIZ's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill-to-Asset (A: Dec. 2023 )=Goodwill/Total Assets
=865.18/2043.592
=0.42

CBIZ's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill-to-Asset (Q: Dec. 2023 )=Goodwill/Total Assets
=865.18/2043.592
=0.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


CBIZ Goodwill Related Terms

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CBIZ (CBZ) Business Description

Traded in Other Exchanges
Address
6801 Brecksville Road, Door N., Independence, OH, USA, 44131
CBIZ Inc through its subsidiaries provides professional business services. Its business units have been aggregated into three practice groups: Financial Services, Benefits and Insurance Services, and National Practices. The company provides its services to various industries such as Agribusiness, Agribusiness, SAAS, Construction, Health Care, Oil and Gas, Real Estate, Retail, Financial Institutions, and Government among others. It derives the majority of its revenues from the Financial Services segment and geographically from the United States.
Executives
Ware H Grove officer: C.F.O. 6480 ROCKSIDE WOODS BLVD SOUTH, SUITE 330, CLEVELAND OH 44131
Benaree Pratt Wiley director C/O BNY MELLON INVESTMENT ADVISER, INC., 240 GREENWICH STREET, NEW YORK NY 10286
Joseph S Dimartino director
Chris Spurio officer: President, Financial Services
Michael P Kouzelos officer: President, Employee Services 6050 OAK TREE BLVD SUITE 500, CLEVELAND OH 44131
Rodney A Young director 350 OAK GROVE PARKWAY, SAINT PAUL MN 55127
Sherrill W Hudson director 201 SOUTH BISCAYNE BOULEVARD, 34TH FLOOR, MIAMI CENTER, MIAMI FL 33131
Jerome P Grisko director, officer: President and COO
Todd J Slotkin director 35 EAST 62ND STREET, NEW YORK NY 10021
Richard T Marabito director 5096 RICHMOND ROAD, BEDFORD HEIGHTS OH 44146
Steven L Gerard director P.O. BOX 554, MILWAUKEE WI 53201-0554
A Haag Sherman director 600 TRAVIS STREET, SUITE 5900, HOUSTON TX 77002
Donald V Weir director SANDERS MORRIS HARRIS, 600 TRAVIS, HOUSTON TX 77002
Gina D France director III CASCADE PLAZA, AKRON OH 44308
Michael H Degroote director 1111 INTERNATIONAL BLVD., BURLINGTON A6 L7L 6W1