ArcelorMittal (ArcelorMittal) Goodwill-to-Asset

: 0.04 (As of Dec. 2023)

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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. ArcelorMittal's Goodwill for the quarter that ended in Dec. 2023 was $3,908 Mil. ArcelorMittal's Total Assets for the quarter that ended in Dec. 2023 was $93,917 Mil. Therefore, ArcelorMittal's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 was 0.04.

ArcelorMittal Goodwill-to-Asset Historical Data

The historical data trend for ArcelorMittal'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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ArcelorMittal Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Goodwill-to-Asset

0.06

0.05

0.04

ArcelorMittal Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Goodwill-to-Asset																0.04	-	-	-	0.04

Competitive Comparison

For the Steel subindustry, ArcelorMittal'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.

ArcelorMittal Goodwill-to-Asset Distribution

For the Steel industry and Basic Materials sector, ArcelorMittal's Goodwill-to-Asset distribution charts can be found below:

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

ArcelorMittal 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.

ArcelorMittal's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )	=	Goodwill	/	Total Assets
	=	3908	/	93917
	=	0.04

ArcelorMittal's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill to Asset (Q: Dec. 2023 )	=	Goodwill	/	Total Assets
	=	3908	/	93917
	=	0.04

ArcelorMittal (NYSE:MT) 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.

ArcelorMittal Goodwill-to-Asset Related Terms

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ArcelorMittal (ArcelorMittal) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal SA (NYSE:MT) » Definitions » Goodwill-to-Asset

Comparable Companies

Traded in Other Exchanges

AMSYF:USA MT:Netherlands MT:Mexico MTa:UK 0RP9:UK MTS:Spain ARRD:Germany ARMT34:Brazil MT:Austria

Address

24-26, Boulevard d’Avranches, Luxembourg, LUX, L-1160

Website

http://www.arcelormittal.com

ArcelorMittal SA is involved in the steel industry. The company's operating segments include NAFTA; Brazil; Europe; ACIS; Mining and others. It generates maximum revenue from the Europe segment. Europe segment produces hot-rolled coil, cold-rolled coil, coated products, tinplate, plate, and slab. These products are sold primarily to customers in the automotive, general, and packaging sectors as well as also produce long products consisting of sections, wire rods, rebar, billets, blooms and wire drawing, and tubular products. Geographically, it derives a majority of its revenue from Brazil.