Trinet Group (Trinet Group) Intangible Assets : $634 Mil (As of Dec. 2023)

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What is Trinet Group Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Trinet Group's intangible assets for the quarter that ended in Dec. 2023 was $634 Mil.

Trinet Group Intangible Assets Historical Data

The historical data trend for Trinet Group'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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Trinet Group Intangible Assets Chart

Trinet Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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304.00

312.00

355.00

625.00

634.00

Trinet Group 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															625.00	617.00	618.00	631.00	634.00

Trinet Group 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.

Trinet Group (NYSE:TNET) 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.

Trinet Group Intangible Assets Related Terms

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Trinet Group (Trinet Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Trinet Group Inc (NYSE:TNET) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

TN3:Germany TN3:Germany

Address

One Park Place, Suite 600, Dublin, CA, USA, 94568

Website

https://www.trinet.com

TriNet offers outsourced payroll and human capital management solutions for small and midsize businesses via a professional employer organization model. Under the PEO model, TriNet enters a co-employment arrangement and acts as the employer of record for administrative and regulatory purposes for clients' employees, known as worksite employees. Clients leverage the scale and expertise of TriNet to access competitive employee benefits, share employment risk liability, access compliance support, and outsource mission-critical day-to-day HR functions such as payroll and tax administration. Following the acquisition of Zenefits and Clarus R+D in 2022, TriNet derives the minority of its revenue from self-service HCM software and R&D tax credit services.

Executives

Alexander G. Warren	officer: SVP, CHIEF REVENUE OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Burton M. Goldfield	director, officer: PRESIDENT, CEO and DIRECTOR	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Ralph A. Clark	director	C/O SHOTSPOTTER, INC., 7979 GATEWAY BLVD., STE. 210, NEWARK CA 94560
Samantha Wellington	officer: SVP, CLO & SECRETARY	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Kelly L Tuminelli	officer: EVP & CHIEF FINANCIAL OFFICER	TRINET GROUP, INC., ONE PARK PLACE, STE 600, DUBLIN CA 94568
L.p. Agi-t,	director, 10 percent owner	40 MORRIS AVENUE, BRYN MAWR PA 19010
Paul Edward Chamberlain	director	C/O VEEVA SYSTEMS INC., 4280 HACIENDA DRIVE, PLEASANTON CA 94588
Jonathan D. Lee	officer: PRINCIPAL ACCOUNTING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Jayaraman Venkataramani	officer: CHIEF DIGITAL & INNOV OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
H Raymond Bingham	director	2655 SEELY AVE, SAN JOSE CA 95134
Martin Babinec	director	TRINET GROUP INC., ONE PARK PLACE., STE. 600, DUBLIN CA 94568
Wayne B Lowell	director	3061 ZANKER ROAD, SAN JOSE CA 95134
Olivier Kohler	officer: SVP, CHIEF OPERATING OFFICER	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568
Myrna Soto	director	ONE ENERGY PLAZA, JACKSON MI 49201
Katherine August-dewilde	director	ONE PARK PLACE, SUITE 600, DUBLIN CA 94568