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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Gulf Resources's intangible assets for the quarter that ended in Sep. 2023 was $9.25 Mil.
The historical data trend for Gulf Resources'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.
Gulf Resources Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 9.64 | 9.12 | 10.13 | 10.37 | 9.51 |
Gulf Resources Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Intangible Assets | Get a 7-Day Free Trial | 9.33 | 9.51 | 9.64 | 9.19 | 9.25 |
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.
Gulf Resources (NAS:GURE) 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 Gulf Resources's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiaobin Liu | director, officer: Chief Executive Officer | GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Naihui Miao | officer: COO and Secretary | GULF RESOURCES INC. NO.99, WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Min Li | director, officer: Chief Financial Officer | CHEMING INDUSTRIAL PARK UNIT, HAOYUAN CHEMICAL COMPANY LIMITED, SHOUGUANG CITY, SHAN F4 F4 262714 |
Tengfei Zhang | director | C/O GULF RESOURCES, INC. 99 WENCHANG RD., CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Shengwei Ma | director | LEVEL 11, VEGETABLE BUILDING, INDUSTRIAL PARK OF THE EAST CITY, SHOUGUANG CITY, SHANGDON PROVI F4 262700 |
Shitong Jiang | director | GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Yang Zou | director | C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Nan Li | director | C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Ming Yang | 10 percent owner | NO. 501 BO HAI ROAD, SHOUGUANG CITY, SHANDONG F4 262700 |
Weijie Chen | 10 percent owner | NORTH WEIGAO ROAD, LUOCHENG SUB-DISTRICT OFFICE, SHOUGUANG F4 262700 |
Hap Trading, Llc | 10 percent owner | 395 HUDSON STREET, SUITE 701, NEW YORK NY 10014 |
Vignolo Biagio M Jr | director | 1 WHITEHALL STREET, NEW YORK NY 10004 |
Richard Khaleel | director | 110 RIVERSIDE DRIVE, APT 3E, NEW YORK NY 10024 |
Shandong Haoyuan Industry Group Ltd | 10 percent owner | WO PU TOWN, QING HE OIL EXTRACTION PLANT, 2ND LIVING DISTRICT, SHOUGUANG CITY F4 51800 |
Wenxiang Yu | 10 percent owner | NO. 108 SHENG CHENG ROAD, BUILDING NO. 1, UNIT 3, ROOM 402, SHOUGUANG CITY, SHAN F4 262700 |
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