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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Rent the Runway's intangible assets for the quarter that ended in Jan. 2024 was $3.4 Mil.
The historical data trend for Rent the Runway'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.
Rent the Runway Annual Data | |||||||||||
Trend | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | ||||||
Intangible Assets | 9.00 | 7.80 | 6.40 | 4.10 | 3.40 |
Rent the Runway Quarterly Data | ||||||||||||||||
Jan20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Intangible Assets | Get a 7-Day Free Trial | 4.10 | 3.90 | 3.90 | 3.80 | 3.40 |
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.
Rent the Runway (NAS:RENT) 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 Rent the Runway's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jennifer Hyman | director, 10 percent owner, officer: Chief Executive Officer | 767 FIFTH AVENUE, C/O THE ESTEE LAUDER COMPANIES INC., NEW YORK NY 10153 |
Cara Schembri | officer: GC & Secretary | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Brian Donato | officer: Chief Supply Chain Officer | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Siddharth Thacker | officer: Chief Financial Officer | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Andrew Rau | officer: SVP, Supply Chain & Inventory | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Sarah K Tam | officer: Chief Merchant Officer | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Anushka Salinas | officer: President & COO | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Becky Case | officer: SVP, Engineering | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Larry Steinberg | officer: Chief Technology Officer | 1000 WINDWARD CONCOURSE, SUITE 250, ALPHARETTA GA 30005 |
Emil Michael | director | C/O DPCM CAPITAL, INC., 382 NE 191 STREET, # 24148, MIAMI FL 33179 |
Scarlett O'sullivan | officer: Chief Financial Officer | 225 WEST WASHINGTON STREET, INDIANAPOLIS IN 46204 |
Andrea Alexander | officer: Chief People Officer | C/O RENT THE RUNWAY, INC., 10 JAY STREET, BROOKLYN NY 11201 |
Carley Roney | director | C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007 |
Beth J Kaplan | director | 1716 LOCUST STREET, DES MOINES IA 50309 |
Timothy E Bixby | director | C/O SHUTTERSTOCK, 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
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