Village Farms International (Village Farms International) Intangible Assets : $88.2 Mil (As of Dec. 2023)

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What is Village Farms International Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Village Farms International's intangible assets for the quarter that ended in Dec. 2023 was $88.2 Mil.

Village Farms International Intangible Assets Historical Data

The historical data trend for Village Farms International'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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Village Farms International Intangible Assets Chart

Village Farms International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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41.34

143.93

103.38

88.19

Village Farms International 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															103.38	103.10	103.77	101.07	88.19

Village Farms International 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.

Village Farms International (NAS:VFF) 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.

Village Farms International Intangible Assets Related Terms

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Village Farms International (Village Farms International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Village Farms International Inc (NAS:VFF) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

02V:Germany

Address

4700 - 80th Street, Delta, BC, CAN, V4K 3N3

Website

https://www.villagefarms.com

Village Farms International Inc owns and operates intensive agricultural greenhouse facilities in British Columbia and Texas, where it produces, markets and sells tomatoes, bell peppers and cucumbers. Its wholly owned subsidiary, Pure Sunfarms, is a vertically integrated licensed producer and supplier of cannabis products sold to other licensed providers and provincial governments across Canada and internationally. The Company's wholly owned subsidiary, Balanced Health, develops and sells, cannabidiol (CBD) based products including ingestible, edible and topical applications. Through its 70% ownership of Rose, the Company has a presence in the Province of Quebec as a cannabis supplier, producer and commercialization.

Executives

Kathleen M Mahoney	director	C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Michael A Degiglio	director, 10 percent owner, officer: Chief Executive Officer	10 ALVIN CT, EAST BRUNSWICK NJ 08816
John Patrick Henry	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Stephen C Ruffini	director, officer: Chief Financial Officer	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Ann Lefever Gillin	officer: Executive Vice President	C/O VILLAGE FARMS INTERNATIONAL, INC., 4700 80TH STREET, DELTA A1 V4K 3N3
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Christopher C. Woodward	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
David Holewinski	director	C/O VILLAGE FARMS INTERNATIONAL, INC., 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746
Roberta Cook	director	C/O VILLAGE FARMS INTERNATIONAL, 195 INTERNATIONAL PARKWAY, SUITE 100, HEATHROW FL 32746