SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'Goodwill' WPRT (Westport Fuel Systems) Goodwill
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Westport Fuel Systems (Westport Fuel Systems) Goodwill

: $3.1 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. Westport Fuel Systems's goodwill for the quarter that ended in Dec. 2023 was $3.1 Mil.


Westport Fuel Systems Goodwill Historical Data

The historical data trend for Westport Fuel Systems'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.

Westport Fuel Systems 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 3.11 3.40 3.12 2.96 3.07

Westport Fuel Systems 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 2.96 3.01 3.02 2.93 3.07

Westport Fuel Systems 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.


Westport Fuel Systems  (NAS:WPRT) 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.

Westport Fuel Systems'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
=3.07/355.748
=0.01

Westport Fuel Systems'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
=3.07/355.748
=0.01

* 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.


Westport Fuel Systems Goodwill Related Terms

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Westport Fuel Systems (Westport Fuel Systems) Business Description

Traded in Other Exchanges
Address
1750 West 75th Avenue, Suite 101, Vancouver, BC, CAN, V6P 6G2
Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.
Executives
Eileen Wheatman director 125 EAST SIR FRANCIS DRAKE BLVD., STE 400, LARKSPUR CA 94939
Kevin Douglas 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas Family Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
James & Jean Douglas Irrevocable Descendants Trust 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Douglas James E Iii 10 percent owner, other: 13(d)(3) group 300A DRAKES LANDING ROAD, SUITE 200, GREENBRAE CA 94904
Peter Yu director C/O CARTESIAN CAPITAL GROUP, 505 FIFTH AVENUE, 15TH FLOOR, NEW YORK NY 10017
Kgd 2010 Annuity Trust V 10 percent owner, other: 13(d)(3) group 125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939
Mmd 2010 Annuity Trust V 10 percent owner, other: 13(d)(3) group 125 E. SIR FRANCIS DRAKE BLVD, STE 400, LARKSPUR CA 93939