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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Steel Dynamics's intangible assets for the quarter that ended in Mar. 2024 was $728 Mil.
The historical data trend for Steel Dynamics's Intangible Assets 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.
Steel Dynamics Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 780.82 | 781.80 | 749.18 | 769.57 | 735.23 |
Steel Dynamics Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 762.70 | 751.48 | 743.32 | 735.23 | 727.57 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Steel Dynamics (NAS:STLD) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Steel Dynamics's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Glenn Pushis | officer: Senior Vice President | 4500 COUNTY ROAD 59, BUTLER IN 46721 |
James C Marcuccilli | director | 127 W BERRY ST, FORT WAYNE IN 46802 |
Bradley S Seaman | director | 161 SHAWFORD WAY, LAKE FOREST IL 60045 |
Richard A Poinsatte | officer: Senior Vice President | 6714 POINTE INVERNESS WAY, SUITE 200, FORT WAYNE IN 46804 |
Jennifer L Hamann | director | 1400 DOUGLAS STREET, OMAHA NE 68130 |
Christopher A Graham | officer: Vice President | 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804 |
Gabriel Shaheen | director | 1540 PARILLA CIRCLE, TRINITY FL 34655 |
Keith E Busse | director | 7575 W. JEFFERSON BLVD., FORT WAYNE IN 46804 |
James Stanley Anderson | officer: Senior Vice President | 203 E BERRY STREET, AWB SUITE 804, FORT WAYNE IN 46802 |
Luis Manuel Sierra | director | 1555 CORAOPOLIS HEIGHTS ROAD, MOON TOWNSHIP PA 15108 |
Miguel Alvarez | officer: Senior Vice President | 7575 WEST JEFFERSON BLVD., FORT WAYNE IN 46804 |
Mark D Millett | director, officer: President and CEO | 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804 |
Theresa E Wagler | officer: Executive Vice President & CFO | 7575 W JEFFERSON BLVD, FORT WAYNE IN 46804 |
Russell B Rinn | officer: Executive Vice President | 7575 WEST JEFFERSON BOULEVARD, FORT WAYNE IN 46804 |
Kenneth W. Cornew | director | 10 SOUTH DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603 |
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