Canada House Wellness Group (Canada House Wellness Group) Goodwill : $2.63 Mil (As of Apr. 2023)

Canada House Wellness Group Goodwill Chart

Canada House Wellness Group Annual Data
	Trend	Mar12	Mar13	Mar14	Jul15	Jul16	Apr17	Apr18	Apr19	Apr20	Apr21
Goodwill		Get a 7-Day Free Trial					-	-	-	-	2.43

Canada House Wellness Group Quarterly Data
	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Oct22	Jan23	Apr23
Goodwill	Get a 7-Day Free Trial															2.86	2.81	2.59	2.65	2.63

Canada House Wellness Group 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.

Canada House Wellness Group  (OTCPK:SARSF) 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.

Canada House Wellness Group's Goodwill-to-Asset Ratio for the fiscal year that ended in Apr. 2021 is calculated as

Canada House Wellness Group's Goodwill-to-Asset Ratio for the quarter that ended in Apr. 2023 is calculated as

* 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.

Canada House Wellness Group Goodwill Related Terms

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Canada House Wellness Group (Canada House Wellness Group) Business Description