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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Albemarle's intangible assets for the quarter that ended in Mar. 2024 was $1,865 Mil.
The historical data trend for Albemarle's Intangible Assets 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.
Albemarle Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1,933.41 | 2,014.63 | 1,906.57 | 1,905.50 | 1,891.59 |
Albemarle Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 1,918.66 | 1,909.23 | 1,866.62 | 1,891.59 | 1,865.29 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Albemarle (NYSE:ALB) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Albemarle's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kristin M Coleman | officer: EVP, General Counsel | 140 HAZEL AVE., GLENCOE IL 60022 |
Neal Ravi Sheorey | officer: Chief Financial Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Michael James Simmons | officer: President - Ketjen | 301 COMMERCE STREET, SUITE 3200, FORT WORTH TX 76102 |
Eric Norris | officer: President, Lithium | 1519 AUDUBON ROAD, CHARLOTTE NC 28211 |
J Kent Masters | director | ALBEMARLE CORP., 451 FLORIDA ST, BATON ROUGE LA 70801 |
Sean B. O'hollaren | officer: Chief External Affairs Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Jacobus G. Fourie | officer: Chief Capital Projects Officer | 4250 CONGRESS STREET, SUITE 900, CHARLOTTE NC 28209 |
Scott Tozier | officer: EVP & CFO | ALBEMARLE CORP, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209 |
Karen G Narwold | officer: EVP, Chief Admin Officer | ALBEMARLE CORPORATION, 4250 CONGRESS ST, SUITE 900, CHARLOTTE NC 28209 |
Raphael Goszcz Crawford | officer: President, Catalysts | 4311 GREENBRIAR HILLS PLANTATION RD, CHARLOTTE NC 28277 |
Ralf Hans Cramer | director | MIERENDORSFSTRASSE 26, BENSHEIM 2M 64625 |
Netha N. Johnson | officer: President, Bromine Specialties | 3489 CRESTMOOR DRIVE, WOODBURY MN 55125 |
Barichivich John Clarence Iii | officer: VP, Controller & CAO | 4250 CONGRESS ST., SUITE 900, CHARLOTTE NC 28209 |
Kissam Luther C Iv | director, officer: Chairman, President & CEO | 3801 BERESFORD ROAD, CHARLOTTE NC 28211 |
Melissa H. Anderson | officer: SVP, Chief HR Officer | ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209 |
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