GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Minerals Technologies Inc (NYSE:MTX) » Definitions » Goodwill

Minerals Technologies (Minerals Technologies) Goodwill : $914 Mil (As of Dec. 2023)


View and export this data going back to 1992. Start your Free Trial

What is Minerals Technologies Goodwill?

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. Minerals Technologies's goodwill for the quarter that ended in Dec. 2023 was $914 Mil.


Minerals Technologies Goodwill Historical Data

The historical data trend for Minerals Technologies'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.

Minerals Technologies Goodwill Chart

Minerals Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 807.40 808.50 907.50 914.80 913.60

Minerals Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Goodwill Get a 7-Day Free Trial 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 914.80 915.30 914.30 913.60 913.60

Minerals Technologies 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.


Minerals Technologies  (NYSE:MTX) 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.

Minerals Technologies'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
=913.6/3346.6
=0.27

Minerals Technologies'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
=913.6/3346.6
=0.27

* 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.


Minerals Technologies Goodwill Related Terms

Thank you for viewing the detailed overview of Minerals Technologies's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.


Minerals Technologies (Minerals Technologies) Business Description

Traded in Other Exchanges
Address
622 Third Avenue, 38th Floor, New York, NY, USA, 10017-6707
Minerals Technologies Inc mines, produces, and sells mineral-based products. The firm organizes itself into three segments based on product type. The specialty minerals segment, sells calcium carbonate, limestone, and talc, which is used in the paper, building materials, paint, automotive, and pharmaceutical industries. The refractories segment sells products for steel furnaces. The performance materials segment sells bentonite used in steel alloy casting and household products including cat litter. The majority of revenue comes from the United States.
Executives
Dj Iii Monagle officer: Vice President C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Brett Argirakis officer: Vice President 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Michael Cipolla officer: CONTROLLER C/O MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE, NEW YORK NY 10017
Douglas T Dietrich officer: Vice President 622 THIRD AVENUE, NEW YORK X1 10017
Jonathan J Hastings officer: Vice President 622 THIRD AVENUE, NEW YORK NY 10017
Rocky Motwani director MINERALS TECHNOLOGIES INC., 622 3RD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Marc E Robinson director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Joseph C. Breunig director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Alison Ann Deans director C/O NEUBERGER BERMAN, LLC, 605 THIRD AVENUE, NEW YORK NY 10158-3698
Franklin Feder director MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
John J Carmola director 622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Robert L Clark director C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017
Carolyn K Pittman director 622 THIRD AVENUE 38TH FL, MINERALS TECHNOLOGIES, NEW YORK NY 10017
Timothy Jordan officer: Vice President 622 3RD AVENUE, 38TH FL, NEW YORK NY 10017
Thomas J Meek officer: Vice President C/O MINERALS TECHNOLOGIES INC., 622 THIRD AVENUE, NEW YORK NY 10017