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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Enovis's intangible assets for the quarter that ended in Mar. 2024 was $3,823 Mil.
The historical data trend for Enovis's Intangible Assets 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.
Enovis Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 4,921.54 | 4,977.99 | 3,088.29 | 3,094.32 | 3,188.26 |
Enovis Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 3,069.02 | 3,145.04 | 3,128.11 | 3,188.26 | 3,822.92 |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
Enovis (NYSE:ENOV) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of Enovis's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
John Kleckner | officer: Principal Accounting Officer | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Berry Phillip Benjamin (ben) | officer: SVP, Chief Financial Officer | 2711 CENTERVILLE ROAD SUITE 400, WILMINGTON DE 19808 |
Rajiv Vinnakota | director | 8730 STONY POINT PARKWAY, SUITE 150, RICHMOND VA 23235 |
A Clayton Perfall | director | |
Brady Shirley | officer: EVP, Colfax, Pres. & CEO, DJO | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Patricia A Lang | officer: SVP, Chief HR Officer | C/O DIEBOLD NIXDORF, INCORPORATED, 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Bradley J Tandy | officer: SVP, General Counsel | P.O. BOX 587, 56 E. BELL DRIVE, WARSAW IN 46580 |
Daniel A Pryor | officer: SVP??Strategy & Business Deve. | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
Matthew L. Trerotola | director, officer: President & CEO | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Christopher M Hix | officer: SVP, Chief Financial Officer | 2160 SATELLITE BLVD., SUITE 200, DULUTH GA 30097 |
Barbara W. Bodem | director | C/O DENTSPLY SIRONA INC, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277 |
Christine Ortiz | director | 1200 ABERNATHY ROAD, NE, SUITE 1200, ATLANTA GA 30328 |
Angela S Lalor | director | 3M CENTER, BLDG. 0220-09-E-02, ST PAUL MN 55144 1000 |
Shyam Kambeyanda | officer: ESAB President and SVP, Colfax | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Douglas J. Pitts | officer: Controller, PAO | 100 MATSONFORD ROAD, RADNOR PA 19087 |
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