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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. RBC Bearings's intangible assets for the quarter that ended in Dec. 2023 was $3,288 Mil.
The historical data trend for RBC Bearings'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.
RBC Bearings Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 417.07 | 440.52 | 431.94 | 3,413.60 | 3,322.70 |
RBC Bearings 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 | 3,337.91 | 3,322.70 | 3,306.80 | 3,301.50 | 3,288.30 |
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.
RBC Bearings (NYSE:RBC) 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 RBC Bearings's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael H. Ambrose | director | ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Michael J Hartnett | officer: President and CEO | RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Richard R Crowell | director | AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024 |
Dolores J Ennico | director | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Robert M Sullivan | officer: Corporate Controller | 103 STILLWOLD DRIVE, WETHERSFIELD CT 06109 |
John J. Feeney | officer: Vice President and Secretary | ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Steven H. Kaplan | director | 11 LINDEN SHORES, BRANFORD CT 06405 |
Patrick S. Bannon | officer: V.P. and General Manager | 131 WOODS WAY DRIVE, SOUTHBURY CT 06488 |
Richard J Edwards | officer: V.P. and General Manager | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Edward Stewart | director | 5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253 |
Daniel A Bergeron | officer: VP and CFO | |
Alan B Levine | director | |
Ernest D Hawkins | officer: Vice President of Finance | 102 WILLENBROCK ROAD, OXFORD CT 06478 |
Amir Faghri | director | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
Joseph Salamunovich | officer: General Counsel and Secretary | RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478 |
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