Saudia Dairy and Foodstuff Co (SAU:2270) Intangible Assets

: ﷼6 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Saudia Dairy and Foodstuff Co's intangible assets for the quarter that ended in Dec. 2023 was ﷼6 Mil.

Saudia Dairy and Foodstuff Co Intangible Assets Historical Data

The historical data trend for Saudia Dairy and Foodstuff 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.

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Saudia Dairy and Foodstuff Co Annual Data

Trend

Mar12

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Intangible Assets

28.71

26.13

21.98

18.46

Saudia Dairy and Foodstuff Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																15.46	15.75	16.57	8.50	6.17

Saudia Dairy and Foodstuff 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.

Saudia Dairy and Foodstuff Co (SAU:2270) 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.

Saudia Dairy and Foodstuff Co Intangible Assets Related Terms

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Saudia Dairy and Foodstuff Co (SAU:2270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saudia Dairy and Foodstuff Co (SAU:2270) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ibrahim Almalki Street, P.O. Box 5043, Al Nakheel District, Jeddah, SAU, 21422

Website

https://www.sadafco.com

Saudia Dairy and Foodstuff Co is involved in the business of local production, importation, distribution, and marketing of foodstuffs, beverages, and dairy products. It operates in two segments: Drinks, which include milk and juice products; and Non- drinks, which include ice creams, tomato paste, cheese, and snacks. The company's geographical segments are Saudi Arabia, Poland, Gulf Cooperation Council (GCC) countries, and Others.

Saudia Dairy and Foodstuff Co (SAU:2270) Headlines

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