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AS-IP Tech (AS-IP Tech) Goodwill-to-Asset : 0.00 (As of Mar. 2023)


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What is AS-IP Tech Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. AS-IP Tech's Goodwill for the quarter that ended in Mar. 2023 was $0.00 Mil. AS-IP Tech's Total Assets for the quarter that ended in Mar. 2023 was $0.03 Mil. Therefore, AS-IP Tech's Goodwill to Asset Ratio for the quarter that ended in Mar. 2023 was 0.00.


AS-IP Tech Goodwill-to-Asset Historical Data

The historical data trend for AS-IP Tech'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.

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AS-IP Tech Goodwill-to-Asset Chart

AS-IP Tech Annual Data
Trend Jun13 Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22
Goodwill-to-Asset
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AS-IP Tech Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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Competitive Comparison of AS-IP Tech's Goodwill-to-Asset

For the Communication Equipment subindustry, AS-IP Tech'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.


AS-IP Tech's Goodwill-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AS-IP Tech's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where AS-IP Tech's Goodwill-to-Asset falls into.



AS-IP Tech 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.

AS-IP Tech's Goodwill to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as

Goodwill to Asset (A: Jun. 2022 )=Goodwill/Total Assets
=0/0.133
=

AS-IP Tech's Goodwill to Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

Goodwill to Asset (Q: Mar. 2023 )=Goodwill/Total Assets
=0/0.029
=0.00

* 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.


AS-IP Tech  (OTCPK:IPTK) 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.


AS-IP Tech Goodwill-to-Asset Related Terms

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AS-IP Tech (AS-IP Tech) Business Description

Traded in Other Exchanges
N/A
Address
1/15 Castles Drive, Torquay, VIC, AUS, 3228
AS-IP Tech Inc is engaged in creating in-flight connectivity systems that utilize Bluetooth Smart technology as a low-cost alternative to the traditionally expensive Wi-Fi platform. The company's technology consists of two products BizjetMobile and fflya. BizjetMobile provides corporate jets with an alternative global inflight connectivity solution and is marketed under the brand names CHiiMP and BizjetInternet. These are mobile apps that deliver optimized inflight text and email for passengers and crew; and fflya provides airlines with an inflight connectivity approach based on the latest mobile app technology, narrowband satellite links, and BlueTooth technology. The fflya platform reduces the installation, certification and equipment costs by up to 90% compared to inflight broadband.
Executives
Richard Lukso director 5610 VIA ARBOLADA, TUCSON AZ 85750
Philip Andrew Shiels director, officer: Chief Financial Officer 88 ELGIN STREET, HAWTHORN C3 3122
Ronald John Chapman director, 10 percent owner, officer: Chief Executive Officer 160 SILVAN ROAD, WATTLE GLEN C3 3096
Graham Owen Chappell director 5 MARINE PARADE, STE 2, ST KILDA, VICTORIA C3 3182
Van Der Griend Eric Paul 10 percent owner 100 BARKLY STREET, ST. KILDA C3 3182

AS-IP Tech (AS-IP Tech) Headlines

From GuruFocus

ASIP Tech announces new STC for fflya.

By PRNewswire PRNewswire 05-08-2023

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-23-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-13-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 06-03-2022

AS-IP Tech, Inc. Makes Aviation History

By PRNewswire PRNewswire 11-30-2021

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-03-2022

ASIP Tech selected by Wizz Air for free inflight connectivity

By PRNewswire PRNewswire 07-13-2022