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Richly Field China Development (HKSE:00313) Goodwill : HK$109.04 Mil (As of Sep. 2023)


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What is Richly Field China Development Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Richly Field China Development's goodwill for the quarter that ended in Sep. 2023 was HK$109.04 Mil.


Richly Field China Development Goodwill Historical Data

The historical data trend for Richly Field China Development's Goodwill 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.

* Premium members only.

Richly Field China Development Goodwill Chart

Richly Field China Development Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.65 109.52 118.39 123.30 114.30

Richly Field China Development Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 120.11 123.30 110.64 114.30 109.04

Richly Field China Development Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.


Richly Field China Development  (HKSE:00313) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Richly Field China Development's Goodwill-to-Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Goodwill-to-Asset (A: Mar. 2023 )=Goodwill/Total Assets
=114.3/2150.012
=0.05

Richly Field China Development's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Goodwill-to-Asset (Q: Sep. 2023 )=Goodwill/Total Assets
=109.04/2062.804
=0.05

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Richly Field China Development Goodwill Related Terms

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Richly Field China Development (HKSE:00313) Business Description

Traded in Other Exchanges
N/A
Address
No. 223 Hing Fong Road, Unit 1504, 15th Floor, Tower 2, Metroplaza, Kwai Chung, New Territories, Hong Kong, HKG
Richly Field China Development Ltd is an investment holding company. The group is principally engaged in outlets commercial operation and development and operation of featured commercial properties (such as tourism property, senior care property and wine chateaus), development of high-end residential properties as well as property management. The group's revenue is derived from its property development and investment projects in Changsha, Hunan Province (Changsha Project), Qinhuangdao of Hebei Province (Qinhuangdao Project) and Ningxia, Yinchuan City (Ningxia Project) in the PRC.
Executives
Galaxy Sharp Investment Holdings Limited 2201 Interest of corporation controlled by you
Sino Dynamics Investments Limited 2201 Interest of corporation controlled by you
Wu Peipei 2201 Interest of corporation controlled by you
Wang Hua 2201 Interest of corporation controlled by you
Zhen Xuan Tou Zi You Xian Gong Si 2101 Beneficial owner
Du Wei 2201 Interest of corporation controlled by you
Quan Li Guo Ji You Xian Gong Si 2201 Interest of corporation controlled by you
Jia Yue You Xian Gong Si 2101 Beneficial owner
Mei De Qi Ye You Xian Gong Si 2201 Interest of corporation controlled by you

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