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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Vroom's intangible assets for the quarter that ended in Dec. 2023 was $131.9 Mil.
The historical data trend for Vroom'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.
Vroom Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Intangible Assets | Get a 7-Day Free Trial | 78.17 | 78.21 | 187.02 | 158.91 | 131.89 |
Vroom 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 | 158.91 | 152.16 | 145.40 | 138.64 | 131.89 |
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.
Vroom (NAS:VRM) 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 Vroom's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas H Shortt | officer: Chief Operating Officer | C/O VROOM INC, 1375 BROADWAY, 11TH FLOOR, NEW YORK NY 10018 |
Agnieszka Zakowicz | officer: Principal Accounting Officer | C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
Robert R. Krakowiak | officer: Chief Financial Officer | 633 NATALIE LANE, NORTHVILLE MI 48167 |
Mylod Robert J Jr | director | |
Patricia Moran | officer: See remarks | GREENHILL & CO., 300 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022 |
Carol Denise Stott | officer: See remarks | C/O VROOM, INC., 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
Laura W Lang | director | DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
Timothy M Crow | director | 2455 PACES FERRY ROAD, NW, ATLANTA GA 30339 |
Paul J. Hennessy | director, officer: Chief Executive Officer | C/O SHUTTERSTOCK, INC., 350 FIFTH AVENUE, 21ST FLOOR, NEW YORK NY 10118 |
Catterton Management Company, L.l.c. | director, 10 percent owner | 599 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
David K. Jones | officer: Chief Financial Officer | 1375 BROADWAY, FLOOR 11, NEW YORK NY 10018 |
Scott Arnold Dahnke | director, 10 percent owner | 599 WEST PUTNAM AVENUE, GREENWICH CT 06830 |
Cgp2 Lone Star, L.p. | 10 percent owner | 599 WEST PUTNAM AVENUE, GREENWICH CT 06930 |
Frederick Terrell | director | 17 STATE STREET, NEW YORK NY 10004 |
Paula B Pretlow | director | C/O CION ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
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