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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Powell Industries's intangible assets for the quarter that ended in Dec. 2023 was $1.5 Mil.
The historical data trend for Powell Industries'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.
Powell Industries Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1.34 | 1.16 | 1.00 | 1.00 | 1.00 |
Powell Industries Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | 1.00 | 1.00 | 1.00 | 1.00 | 1.50 |
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.
Powell Industries (NAS:POWL) 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 Powell Industries's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas W Powell | director, officer: President, CEO | |
Milburn E Honeycutt | officer: Vice President, Corp Controlle | 7 AMBERSTONE DRIVE, SUGARLAND TX 77459 |
John David White | director | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Alaina K Brooks | director | 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201 |
John Stacey | director | C/O HARMAN INTERNATIONAL, 1101 PENNSYLVANIA AVE, NW #1010, WASHINGTON DC 20004 |
Katheryn Baucom Curtis | director | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Bonnie V Hancock | director | P O BOX 12818, HOUSTON TX 77075 |
Michael William Metcalf | officer: Exec Vice President | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
James W Mcgill | director | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Perry L Elders | director | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Christopher E Cragg | director | |
Richard E Williams | director | 8550 MOSLEY ROAD, HOUSTON X1 77075 |
William N. Clelland | director, other: ADVISORY DIRECTOR | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Brett Alan Cope | officer: Sr VP, COO | 8550 MOSLEY ROAD, HOUSTON TX 77075 |
Joseph L Becherer | director | PO BOX 12818, HOUSTON TX 77217 |
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