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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Prime Global Capital Group's intangible assets for the quarter that ended in Jan. 2020 was $0.00 Mil.
The historical data trend for Prime Global Capital Group'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.
Prime Global Capital Group Annual Data | |||||||||||||||||||||
Trend | Mar10 | Oct11 | Oct12 | Oct13 | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Prime Global Capital Group Quarterly Data | ||||||||||||||||||||
Apr15 | Jul15 | Oct15 | Jan16 | Apr16 | Jul16 | Oct16 | Jan17 | Apr17 | Jul17 | Oct17 | Jan18 | Apr18 | Jul18 | Oct18 | Jan19 | Apr19 | Jul19 | Oct19 | Jan20 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Prime Global Capital Group (GREY:PGCG) 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 Prime Global Capital Group's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Choon Meng Soo | director | E-5-2, MEGAN AVENUE 1, BLOCK E JALAN TUN RAZAK KUALA LUMPUR N8 50400 |
Chai Jeremy Chia Pei | director | E-5-2, MEGAN AVENUE 1, BLOCK E JALAN TUN RAZAK KUALA LUMPUR N8 50400 |
Gan Maylee Suat Lee | director | NO. 12, 1ST FLOOR, JALAN BK 1/17 BANDAR KINRARA INDUSTRIAL PARK PUCHONG, SELANGOR N8 47180 |
James Scheifley | director | 9800 MT PYRAMID COURT # 350 ENGLEWOOD CO 80112 |
Ham Poh Chai | director | 11-2, JALAN 26/70A DESA SRI HARTAMAS KUALA LUMPUR N8 50480 |
Weng Kung Wong | director, 10 percent owner, officer: Chief Executive Officer | 11-2, JALAN 26/70A, DESA SRI HARTAMAS KUALA LUMPUR N8 50480 |
Peijin Wu Harrison | director | 11-2,JALAN 26/70A DESA SRI HARTAMAS,LUALA LUMPUS N8 50480 |
Embi Amiruddin Bin Che | director | 11-2,JALAN 26/70A DESA SRI HARTAMAS,LUALA LUMPUS N8 50480 |
Ee Ring Yap | director | PO BOX 11-2, JALAN 26/70A DESA SRI HARTAMAS KUALA LUMPUR N8 50480 |
Sek Fong Wong | director, officer: Secretary | 11-2, JALAN 26/70A, DESA SRI HARTAMAS KUALA LUMPUR N8 50480 |
Liong Tat Teh | director, officer: Chief Financial Officer | 11-2, JALAN 26/70A, DESA SRI HARTAMAS KUALA LUMPUR N8 50480 |
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