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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Peoples Financial's intangible assets for the quarter that ended in Dec. 2023 was $0.54 Mil.
The historical data trend for Peoples Financial'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.
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.
Peoples Financial (OTCPK:PFBX) 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 Peoples Financial's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Stilwell | 10 percent owner | 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006 |
Chevis Swetman | director, 10 percent owner, officer: President/CEO | P.O. BOX 1416, BILOXI MS 39533-1416 |
Padrick D Dennis | director | 12473 PRESERVATION DRIVE, GULFPORT MS 39503-7062 |
Rodney H Blackwell | other: See Explanation of Responses | P.O. BOX 18439, HATTIESBURG MS 39404 |
Stilwell Activist Investments, L.p. | 10 percent owner | 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006 |
Stilwell Value Llc | 10 percent owner | 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006 |
Stilwell Value Partners Vii, L.p. | 10 percent owner | 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006 |
Stilwell Activist Fund, L.p. | 10 percent owner | 111 BROADWAY, 12TH FLOOR, NEW YORK NY 10006 |
Katherine Paige Riley | director | 920 WASHINGTON AVENUE, OCEAN SPRINGS MS 39564 |
Sliman George J Iii | director | 723 HOWARD AVENUE, BILOXI MS 39530-4305 |
Ronald G Barnes | director | 10600 JORDAN RD, VANCLEAVE MS 39565 |
Andrew T Swetman | 10 percent owner, officer: Senior Vice President | 152 LAMEUSE STREET, BILOXI MS 39530 |
Brian J Kozlowski | officer: Senior Vice President | 155 LAMEUSE STREET, BILOXI MS 39530 |
James J Gruich | officer: Senior Vice President | 7113 WAYNE LANE, BILOXI MS 39532-9361 |
Lauri A Wood | officer: Chief Financial Officer | P.O. BOX 1416, BILOXI MS 39533-1416 |
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