ConvergeOne Holdings (ConvergeOne Holdings) Goodwill : $342.8 Mil (As of Sep. 2018)

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What is ConvergeOne Holdings Goodwill?

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. ConvergeOne Holdings's goodwill for the quarter that ended in Sep. 2018 was $342.8 Mil.

ConvergeOne Holdings Goodwill Historical Data

The historical data trend for ConvergeOne Holdings'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.

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ConvergeOne Holdings Goodwill Chart

ConvergeOne Holdings Annual Data

Trend

Dec16

Dec17

Goodwill

ConvergeOne Holdings Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Goodwill	Get a 7-Day Free Trial			-	-	332.76	331.38	342.76

ConvergeOne Holdings Goodwill Calculation

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.

ConvergeOne Holdings (NAS:CVON) 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.

ConvergeOne Holdings's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2017 is calculated as

Goodwill-to-Asset (A: Dec. 2017 )	=	Goodwill	/	Total Assets
	=	0	/	175.586
	=

ConvergeOne Holdings's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2018 is calculated as

Goodwill-to-Asset (Q: Sep. 2018 )	=	Goodwill	/	Total Assets
	=	342.76	/	1066.896
	=	0.32

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.

ConvergeOne Holdings Goodwill Related Terms

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ConvergeOne Holdings (ConvergeOne Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ConvergeOne Holdings Inc (NAS:CVON) » Definitions » Goodwill

Comparable Companies

Traded in Other Exchanges

N/A

Address

3344 Highway 149, Eagan, MN, USA, 55121

Website

https://www.convergeone.com

ConvergeOne Holdings Inc provides unified communications, mobility, converged networking, management, server, and storage consolidation services.

Executives

David Boris	director	C/O TRIO MERGER CORP., 777 THIRD AVENUE, 37TH FLOOR, NEW YORK NY 10017
Jose Enrique Feliciano	director, 10 percent owner	C/O CLEARLAKE CAPITAL GROUP, LLC, 650 MADISON AVE., 23RD FLOOR, NEW YORK NY 10022
Jeffrey E Nachbor	officer: Chief Financial Officer	LEAP WIRELESS INTERNATIONAL, INC., 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Behdad Eghbali	director, 10 percent owner	233 WILSHIRE BLVD., SUITE 850, SANTA MONICA CA 90401
Ccg Operations, Llc	10 percent owner	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Clearlake Capital Partners, Llc	10 percent owner	233 WILSHIRE BLVD., SUITE 800, SANTA MONICA CA 90401
Timothy Pawlenty	director	C/O DIGITAL RIVER, INC., 10380 BREN ROAD WEST, MINNETONKA MN 55343-9072
Richard Katzman	director	KAZ INC, 1775 BROADWAY SUITE 2405, NEW YORK NY 10019
Ccp Mm, Llc	director, 10 percent owner	233 WILSHIRE BOULEVARD, SUITE 800, SANTA MONICA CA 90401
Steven Berns	other: Former Director	TRADEWEB MARKETS INC., 1177 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Polar Asset Management Partners Inc.	10 percent owner	16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
Jerry Elliott	other: Former Director
Marshall Kiev	other: See Remarks	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Neil Goldberg	other: Former Director	135 EAST 57TH STREET 8TH FLOOR, NEW YORK NY 10022
Stephen A Vogel	other: Former Director	701 BRAZOS STREET, SUITE 1200, AUSTIN TX 78701