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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. QuinStreet's goodwill for the quarter that ended in Dec. 2023 was $121.1 Mil.
The historical data trend for QuinStreet'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.
QuinStreet Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Goodwill | Get a 7-Day Free Trial | 82.54 | 80.68 | 117.83 | 121.14 | 121.14 |
QuinStreet 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 | 121.14 | 121.14 | 121.14 | 121.14 | 121.14 |
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.
QuinStreet (NAS:QNST) 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.
QuinStreet's Goodwill-to-Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Goodwill-to-Asset (A: Jun. 2023 ) | = | Goodwill | / | Total Assets |
= | 121.14 | / | 337.155 | |
= | 0.36 |
QuinStreet'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 |
= | 121.14 | / | 320.917 | |
= | 0.38 |
* 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 QuinStreet's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Gregory Wong | officer: CFO | 950 TOWER LANE, 6TH FLOOR, FOSTER CITY CA 94404 |
Douglas Valenti | director, 10 percent owner, officer: Chief Executive Officer | C/O QUINSTREET, INC., 1051 EAST HILLSDALE BLVD., FOSTER CITY CA 94404 |
Asmau Ahmed | director | 315 RIVERSIDE DRIVE 1B, NEW YORK NY 10025 |
Hillary B Smith | director | C/O YEXT, INC, 61 NINTH AVENUE, NEW YORK NY 10011 |
David J Pauldine | director | 300 SIXTH AVE, 8TH FLOOR, PITTSBURGH PA 75222 |
James R. Simons | director | C/O SPLIT ROCK PARTNERS, 10400 VIKING DRIVE, SUITE 250, EDEN PRAIRIE MN 55344 |
Robin Josephs | director | |
Anna Liao Fieler | director | 2036 STERLING AVE, MENLO PARK CA 94025 |
Andrew T Sheehan | director | 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005 |
Gregory P Sands | director | 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005 |
John G Mcdonald | director | 601 UNION STREET, SUITE 3100, SEATTLE WA 98101-1374 |
Nina Bhanap | officer: Chief Technology Officer | C/O QUINSTREET, INC., 1051 EAST HILLSDALE BLVD., FOSTER CITY CA 94404 |
Matthew Glickman | director | 159 MELVILLE AVENUE, PALO ALTO CA 94301 |
Martin J Collins | officer: SVP & General Counsel | 4000 NORTH FIRST STREET, SAN JOSE CA 95134 |
Stuart Huizinga | director | 440 EAST MIDDLEFIELD ROAD, MOUNTAIN VIEW CA 94043 |
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