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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Allied Gaming & Entertainment's goodwill for the quarter that ended in Dec. 2023 was $12.73 Mil.
The historical data trend for Allied Gaming & Entertainment's Goodwill 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.
Allied Gaming & Entertainment Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Goodwill | Get a 7-Day Free Trial | - | - | - | - | 12.73 |
Allied Gaming & Entertainment Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Goodwill | Get a 7-Day Free Trial | - | - | - | - | 12.73 |
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
Allied Gaming & Entertainment (NAS:AGAE) Goodwill Explanation
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.
Allied Gaming & Entertainment'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 |
= | 12.73 | / | 112.017 | |
= | 0.11 |
Allied Gaming & Entertainment'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 |
= | 12.73 | / | 112.017 | |
= | 0.11 |
* 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.
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 Allied Gaming & Entertainment's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Knighted Pastures Llc | 10 percent owner | 1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007 |
Roy Choi | other: Managing Member of 10% holder | 1933 S. BROADWAY, SUITE 746, LOS ANGELES CA 90007 |
Yuanfei Qu | director | 745 FIFTH AVE, SUITE 500, NEW YORK NY 10151 |
Yushi Guo | director | 745 FIFTH AVE, SUITE 500, NEW YORK NY 10151 |
Guanzhou Qin | director | 17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614 |
Adam J Pliska | director, officer: President | 5700 WILSHIRE BOULEVARD, SUITE 350, LOS ANGELES CA 90036 |
Roy Lawrence Anderson | officer: Chief Financial Officer | 17877 VON KARMAN AVENUE, SUITE 300, IRVING CA 92614 |
Alexander Misch | director | 17872 GILLETTE AVENUE, BUILDING C, 2ND FLOOR, IRVINE CA 92614 |
Jerry Lewin | director | JINHUA INDUSTRIAL ZONE, JINHUA ZHEJIANG PROVINCE F4 321016 |
Libing Wu | director | 350 LIGHTING WAY, SECAUCUS NJ 07094 |
Jingsheng Lu | director, 10 percent owner | FLOOR 3, BUILDING NO. 20, XINYUANLI WEST, CHAOYANG DISTRICT, BEIJING F4 #000 |
Yangyang Li | director, 10 percent owner | 10/F TOWER B FAIRMONT NO. 1 BUILDING, 33# COMMUNITY, GUANGSHUN NORTH ST, CHAOYANG DISTRICT, BEIJING F4 100102 |
Anthony A Hung | officer: Chief Financial Officer | 17877 VON KARMAN AVENUE, SUITE 300, IRVINE CA 92614 |
Element Partners, Llc | 10 percent owner | 950 TOWER LANE,, SUITE 1125, FOSTER CITY CA 94404 |
Lyle Berman | director | 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305 |
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