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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. The Goldfield's goodwill for the quarter that ended in Sep. 2020 was $0.1 Mil.
The historical data trend for The Goldfield'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.
The Goldfield Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||||
Goodwill | Get a 7-Day Free Trial | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
The Goldfield Quarterly Data | ||||||||||||||||||||
Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | |
Goodwill | Get a 7-Day Free Trial | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 |
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.
The Goldfield (AMEX:GV) 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.
The Goldfield's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as
Goodwill-to-Asset (A: Dec. 2019 ) | = | Goodwill | / | Total Assets |
= | 0.1 | / | 129.367 | |
= | 0.00 |
The Goldfield's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2020 is calculated as
Goodwill-to-Asset (Q: Sep. 2020 ) | = | Goodwill | / | Total Assets |
= | 0.1 | / | 159.446 | |
= | 0.00 |
* 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 The Goldfield's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Jason M Spivey | officer: CoCEO,President of PCA,SEP,PFI | 7401 SUNNYSIDE DRIVE LEESBURG FL 34748-9169 |
Stephen R Wherry | officer: CoCEO,Sr.VP,CFO,Tres,AsstSec | 1684 W. HIBISCUS BLVD. MELBOURNE FL 32901-2631 |
Stephen L Appel | director | 1616 SUNNYSIDE DRIVE WINTER PARK FL 32789-1456 |
John H Sottile | director, officer: President and CEO | 7825 SOUTH TROPICAL TRAIL MERRITT ISLAND FL 32952 |
Ronald Gregory Crutchfield | officer: President of PCA and SEP | 6460 LONGLAKE DR PORT ORANGE FL 32128-7187 |
Robert L Jones | officer: President of PCA and SEP | 708 GRAPE IVY LN NEW SMYRNA BEACH FL 32168 |
Davis John W Iii | officer: President of Power Corporation | 35651 GREEN FOREST DRIVE EUSTIS FL 32736 |
James F Adelson | 10 percent owner | 15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103 |
Stephen J Heyman | 10 percent owner | 15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103 |
Ellbar Partners Management, Llc | 10 percent owner | 15 E 5TH STREET-SUITE 3200, TULSA OK 74103 |
Jeffrey E. Eberwein | director | 53 FOREST AVENUE, SUITE 101, OLD GREENWICH CT 06870 |
David P Bicks | director | C/O DUANE MORRIS LLP 1540 BROADWAY NEW YORK NY 10036 |
Al M Marino | director | 1483 MAIN ST WEYMOUTH MA 02190 |
Dwight W Severs | director | 1308 RIVERSIDE DRIVE TITUSVILLE FL 32780 |
Boston Avenue Capital Llc | 10 percent owner | 15 EAST 5TH STREET, SUITE 3200, TULSA OK 74103 |
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