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Envestnet Goodwill

: $925 Mil (As of Mar. 2022)
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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. Envestnet's goodwill for the quarter that ended in Mar. 2022 was $925 Mil.


Envestnet Goodwill Historical Data

The historical data trend for Envestnet'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.

* Premium members only.

Envestnet Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Goodwill
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 432.96 519.10 879.85 906.77 925.15

Envestnet Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Goodwill Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 906.76 928.49 924.50 925.15 925.00

Envestnet 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.


Envestnet  (NYSE:ENV) 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.

Envestnet's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill-to-Asset (A: Dec. 2021 )=Goodwill/Total Assets
=925.15/2241.182
=0.41

Envestnet's Goodwill-to-Asset Ratio for the quarter that ended in Mar. 2022 is calculated as

Goodwill-to-Asset (Q: Mar. 2022 )=Goodwill/Total Assets
=925/2199.77
=0.42

* 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.


Envestnet Goodwill Related Terms

Thank you for viewing the detailed overview of Envestnet's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.


Envestnet Business Description

Envestnet logo
Industry
Technology » Software NAICS : 511210 SIC : 7379
Traded in Other Exchanges
Address
35 East Wacker Drive, Suite 2400, Chicago, IL, USA, 60601
Envestnet provides wealth-management technology and solutions to registered investment advisors, banks, broker/dealers, and other firms. Its Tamarac platform provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software to high-end RIAs. Envestnet's portfolio management consultants provides research services and consulting services to assist advisors, including vetted third-party managed account products. In November 2015, Envestnet acquired Yodlee, a provider of data aggregation.
Executives
Arora Anil director C/O YODLEE, INC., 3600 BRIDGE PARKWAY 2ND FLOOR REDWOOD CITY CA 94065
Thomas Brandon officer: Chief Investment Officer 35 E. WACKER DRIVE SUITE 2400 CHICAGO IL 60601
Depina Stuart officer: President 11755 WILSHIRE BLVD., 20TH FLOOR LOS ANGELES CA 90025
Mayer Joshua officer: Chief Operating Officer 35 EAST WACKER DRIVE SUITE 2400 CHICAGO IL 60601
Majoros Matthew officer: Principal Accounting Officer 35 E. WACKER DRIVE SUITE 2400 CHICAGO IL 60601
Crager William director, officer: Chief Executive Officer 489 FIFTH AVENUE 26TH FLOOR NEW YORK NY 10017
Grinis Scott D officer: Chief Technology Officer 150 MATHILDA PLACE SUITE 306 SUNNYVALE CA 94086
Cooper Barry D. officer: SVP, Head of Accounting Mgmt. 35 E. WACKER DRIVE, STE 2400 CHICAGO IL 60601
Aguilar Luis A director 35 EAST WACKER DRIVE SUITE 2400 CHICAGO IL 60601
Fox James L director 45 PARK AVENUE STONEHAM MA 02180
Mosley Valerie director TWO INTERNATIONAL PLACE BOSTON MA 02110
Chapin Ross K director C/O PHOTOWORKS INC 1260 16TH AVE W SEATTLE WA 98119
Crowell Gayle A director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: CROWELL GAYLE A a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Smith Gregory A director MARSHALL & ILSLEY CORPORATION 770 N. WATER STREET MILWAUKEE WI 53202
Roame Charles director 1735 TIBURON BOULEVARD TIBURON CA 94920

Envestnet Headlines

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