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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. CECO Environmental's intangible assets for the quarter that ended in Dec. 2023 was $271.4 Mil.
The historical data trend for CECO Environmental'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.
CECO Environmental Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 197.59 | 204.39 | 196.65 | 227.96 | 271.36 |
CECO Environmental Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | 227.96 | 252.74 | 252.19 | 271.68 | 271.36 |
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.
CECO Environmental (NAS:CECO) 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 CECO Environmental's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Todd R Gleason | director, officer: Chief Executive Officer | 5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416 |
Richard F Wallman | director | HONEYWELL, 101 COLUMBIA ROAD, MORRISTOWN NJ 07962 |
Laurie Siegel | director | C/O VOLT INFORMATION SCIENCES, INC., 1133 AVENUE OF THE AMERICAS, 15TH FLOOR, NEW YORK NY 10036 |
Kiril Kovachev | officer: Chief Accounting Officer | 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254 |
Paul M Gohr | officer: Chief Accounting Officer | 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227 |
David B Liner | director | 6901 PROFESSIONAL PARKWAY E, STE 200, SARASOTA FL 34240 |
Ramesh Nuggihalli | officer: Chief Operating Officer | 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254 |
Peter K. Johansson | officer: See Remarks | 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254 |
Knowling Robert E Jr | director | C/O HEWLETT-PACKARD CO, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Joycelynn Watkins-asiyanbi | officer: General Counsel and Secretary | 14651 DALLAS PARKWAY, SUITE 500, DALLAS TX 75254 |
Chasity Henry | officer: See Remarks | 14651 NORTH DALLAS PARKWAY, SUITE 500, DALLAS TX 75254 |
Jonathan Pollack | director | 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4 |
Matthew Eckl | officer: Chief Financial Officer | 4625 RED BANK ROAD, SUITE 299, CINCINNATI OH 45227 |
Jason Dezwirek | director, 10 percent owner | 2300 YONGE STREET, SUITE 1710, TORONTO A6 M4P 1E4 |
Dennis Sadlowski | director | 4625 RED BANK ROAD, SUITE 200, CINCINNATI OH 45227 |
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