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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Orion Energy Systems's Goodwill for the quarter that ended in Jun. 2024 was $1.48 Mil. Orion Energy Systems's Total Assets for the quarter that ended in Jun. 2024 was $59.76 Mil. Therefore, Orion Energy Systems's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.03.
The historical data trend for Orion Energy Systems'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.
Orion Energy Systems Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | - | - | - | 0.02 | 0.02 |
Orion Energy Systems Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 |
For the Furnishings, Fixtures & Appliances subindustry, Orion Energy Systems'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.
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Orion Energy Systems's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Orion Energy Systems's Goodwill-to-Asset falls into.
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.
Orion Energy Systems's Goodwill to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Goodwill to Asset (A: Mar. 2024 ) | = | Goodwill | / | Total Assets |
= | 1.48 | / | 63.169 | |
= | 0.02 |
Orion Energy Systems'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 |
= | 1.48 | / | 59.755 | |
= | 0.02 |
* 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.
Orion Energy Systems (NAS:OESX) 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.
Thank you for viewing the detailed overview of Orion Energy Systems's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
J Per Brodin | officer: EVP, CFO, CAO & Treasurer | |
Scott A. Green | officer: President-Orion Services Group | 2210 WOODLAND DRIVE, MANITOWOC WI 54220 |
Ellen B Richstone | director | C/O SONUS NETWORKS, INC., 7 TECHNOLOGY PARK DRIVE, WESTFORD MA 01886 |
Michael H Jenkins | director, officer: Chief Executive Officer | 2210 WOODLAND DRIVE, MANITOWOC WI 54220 |
Anthony L. Otten | director | 2210 WOODLAND DRIVE, MANITOWOC WI 54220 |
Richard A Shapiro | director | C/O WEXFORD CAPITAL, 411 WEST PUTNAM AVE, SUITE 125, GREENWICH CT 06830 |
Sally A. Washlow | director | 6500 W. CORTLAND STREET, CHICAGO IL 60607 |
Heather L Wishart-smith | director | 2210 WOODLAND DRIVE, MANITOWOC WI 54220 |
Charles R. Mcdulin | director | 2210 WOODLAND DRIVE, MANITOWOC WI 54220 |
Michael W Altschaefl | director | ALBANY-CHICAGO COMPANY LLC, 8200 100TH STREET, PLEASANT PRAIRIE WI 53158 |
Michael J Potts | director, officer: Executive Vice President | ORION ENERGY SYSTEMS, INC., 1204 PILGRIM ROAD, PLYMOUTH WI 53073 |
Alan B Howe | director | 1155 KAS DRIVE SUITE 100, RICHARDSON TX 75081 |
Kenneth M Young | director | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD., SUITE 400, WOODLAND HILLS CA 91367 |
William T Hull | officer: Chief Financial Officer | 9395 HUNT CLUB TRAIL, WARREN OH 44484 |
Mark C Williamson | director | 123 EAST MAIN STREET, SUITE 202, MADISON WI 53703 |
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