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Forbidden Foods (ASX:FFF) Goodwill-to-Asset : 0.57 (As of Jun. 2024)


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What is Forbidden Foods Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Forbidden Foods's Goodwill for the quarter that ended in Jun. 2024 was A$1.39 Mil. Forbidden Foods's Total Assets for the quarter that ended in Jun. 2024 was A$2.43 Mil. Therefore, Forbidden Foods's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.57.


Forbidden Foods Goodwill-to-Asset Historical Data

The historical data trend for Forbidden Foods's Goodwill-to-Asset 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.

Forbidden Foods Goodwill-to-Asset Chart

Forbidden Foods Annual Data
Trend Jun21 Jun22 Jun23 Jun24
Goodwill-to-Asset
- 0.37 0.52 0.57

Forbidden Foods Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only 0.37 - 0.52 - 0.57

Competitive Comparison of Forbidden Foods's Goodwill-to-Asset

For the Packaged Foods subindustry, Forbidden Foods's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forbidden Foods's Goodwill-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Forbidden Foods's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Forbidden Foods's Goodwill-to-Asset falls into.



Forbidden Foods Goodwill-to-Asset Calculation

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.

Forbidden Foods's Goodwill to Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Goodwill to Asset (A: Jun. 2024 )=Goodwill/Total Assets
=1.39/2.433
=0.57

Forbidden Foods's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Goodwill to Asset (Q: Jun. 2024 )=Goodwill/Total Assets
=1.39/2.433
=0.57

* 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.


Forbidden Foods  (ASX:FFF) Goodwill-to-Asset Explanation

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.


Forbidden Foods Goodwill-to-Asset Related Terms

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Forbidden Foods Business Description

Traded in Other Exchanges
N/A
Address
440 Collins Street, Level 12, Melbourne, VIC, AUS, 3000
Forbidden Foods Ltd is an Australian owned and managed food company specialising in the sourcing and development of health focused food products for retail and food service in Australia and abroad. The company creates healthy and nutritious products that engage, delight and inspire health conscious consumers with its innovation, authenticity, quality and sustainability.

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