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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Techprecision's intangible assets for the quarter that ended in Dec. 2023 was $0.00 Mil.
The historical data trend for Techprecision'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.
Techprecision Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Techprecision Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Techprecision (NAS:TPCS) 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 Techprecision's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Barbara M. Lilley | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, 1 BELLA DRIVE, WESTMINISTER MA 01473 |
Andrew A Levy | director | 46 BALDWIN FARM NORTH, GREENWHICH CT 06831 |
Walter Milton Schenker | director | 1130 ROUTE 46, SUITE 22, PARSIPPANY NJ 07054 |
Thomas Sammons | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, 992 OLD EAGLE SCHOOL ROAD, SUITE 909, WAYNE PA 19087 |
Alexander Shen | officer: Chief Executive Officer | C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034 |
Robert A Crisafulli | director | 1 BELLA DRIVE, WESTMINSTER PA 01473 |
Richard Mcgowan | director | C/O CLEVELAND BIOLABS, INC., 73 HIGH STREET, BUFFALO NY 14203 |
Philip A Dur | director | 1600 TECHNOLOGY WAY, P.O. BOX 231, LATROBE PA 15650 |
Robert G Isaman | director | C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880 |
Robert Francis | other: President & GM of Ranor, Inc. | C/O TECHPRECISION CORPORATION, 3477 CORPORATE PARKWAY, CENTER VALLEY PA 18034 |
Leonard M Anthony | director | MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010 |
James S Molinaro | director, officer: Chief Executive Officer | 6330 WEGEWOOD DR, ALLENTOWN PA 18106 |
Richard F Fitzgerald | officer: Chief Financial Officer | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
Michael R Holly | director | 1729 SWEDESFORD ROAD, MALVERN PA 19355 |
Louis A Winoski | director | C/O TECHPRECISION CORPORATION, ONE BELLA DRIVE, WESTMINSTER MA 01473 |
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