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Roan Holdings Group Co (Roan Holdings Group Co) Intangible Assets : $2.26 Mil (As of Dec. 2022)


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What is Roan Holdings Group Co Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Roan Holdings Group Co's intangible assets for the quarter that ended in Dec. 2022 was $2.26 Mil.


Roan Holdings Group Co Intangible Assets Historical Data

The historical data trend for Roan Holdings Group Co'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.

* Premium members only.

Roan Holdings Group Co Intangible Assets Chart

Roan Holdings Group Co Annual Data
Trend Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Intangible Assets
Get a 7-Day Free Trial 0.04 4.88 4.24 3.39 2.26

Roan Holdings Group Co Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22
Intangible Assets Get a 7-Day Free Trial 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 4.24 3.77 3.39 2.79 2.26

Roan Holdings Group Co Intangible Assets Calculation

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.


Roan Holdings Group Co  (OTCPK:RAHGF) 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.


Roan Holdings Group Co Intangible Assets Related Terms

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Roan Holdings Group Co (Roan Holdings Group Co) Business Description

Traded in Other Exchanges
N/A
Address
147 Ganshui Lane, Yuhuangshannan Fund Town, Shangcheng District, Zhejiang, Hangzhou, CHN
Roan Holdings Group Co Ltd functions in the financial services domain in the People's Republic of China. In association with its subsidiaries, it conducts the business of offering loans to various sectors such as supply chain finance, manufacturing, real estate, mineral, and energy. Its service offering includes Direct Lending Services, Financial Consulting Services, and Financial Leasing. It has two operating business lines, including business conducted by Adrie and its subsidiaries, management and assessment services and factoring business, and business conducted by Lixin Cayman and its subsidiaries, financial guarantee and consulting services.
Executives
Wong Jason Kon Man director ROOM 1102, 11/F, BEAUTIFUL GROUP TOWER, 77 CONNAUGHT ROAD CENTRAL, HONG KONG F4 00000
Alain Vincent Fontaine director 51 FUNG SHING STREET, BLOCK 5, FLAT 22A, NGAU CHI WAN, KOWLOON K3 00000
Hong Wang officer: Vice President ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Quan Zhou officer: Vice President ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yangwei Global Ltd 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Ruiheng Global Ltd 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Yonggang Qiao officer: Chief Risk Management Advisor ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Jingping Li director, 10 percent owner, officer: President and CEO ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Wen Qi director, 10 percent owner ROOM 1101, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Chan Stephen Sung Him officer: Chief Financial Officer 2/F., 129 PRINCE EDWARD ROAD WEST, MONGKOK K3 00000
Jianfeng Zhang officer: Vice President ROOM 1103, 11TH FL., SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Si Shen director ROOM 2012, UNIT 1, BUILDING 2, NO. 899, FUCHUN ROAD, HANGZHOU, ZHEJIANG F4 830000
Wen Wang officer: Caital Market Director ROOM 1102, SATELLITE BLDG., 473 SATELLITE RD. ECONOMIC TECH DEV ZONE, URUMQI, XINJIANG F4 830000
Polar Asset Management Partners Inc. 10 percent owner 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6
North Pole Capital Master Fund 10 percent owner C/O POLAR ASSET MANAGEMENT PARTNERS INC., 401 BAY ST., SUITE 1900, PO BOX 19, TORONTO A6 M5H 2Y4

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