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AIFarm (AIFarm) Goodwill : $0.00 Mil (As of Dec. 2019)


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What is AIFarm Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. AIFarm's goodwill for the quarter that ended in Dec. 2019 was $0.00 Mil.


AIFarm Goodwill Historical Data

The historical data trend for AIFarm's Goodwill 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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AIFarm Goodwill Chart

AIFarm Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19
Goodwill
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AIFarm Quarterly Data
Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19
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AIFarm Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.


AIFarm  (OTCPK:AIFM) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

AIFarm's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Goodwill-to-Asset (A: Dec. 2019 )=Goodwill/Total Assets
=0/0.088
=

AIFarm's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2019 is calculated as

Goodwill-to-Asset (Q: Dec. 2019 )=Goodwill/Total Assets
=0/0.088
=

* 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.

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


AIFarm Goodwill Related Terms

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AIFarm (AIFarm) Business Description

Traded in Other Exchanges
N/A
Address
30 Canton Road, Unit 503, 5th Floor, Silvercord Tower 2, TST, Kowloon, Hong Kong, HKG
AIFarm Ltd is enggaed in developed a proprietary growing system that designs and builds custom biodomes ranging in size appropriate for global commercial agricultural concerns as well as small local producers. The company provides sustainable horticultural solutions. It offers products and services, including GPS/GNSS farm plan, weather modeling, data analysis, and variable fertilizing components.
Executives
Yuen May Cheung director, 10 percent owner, officer: CEO/President FLAT A, 15/F., BLOCK 1, SITE 7 WHAMPOA GARDEN, HUNG HOM KOWLOON K3 00000
Chan Kin Ho Philip officer: Chief Financial Officer 2302, KAM WAI HOUSE KAM FUNG COURT SHATIN, NT K3 00000
Victor James Elias officer: Chief Financial Officer RM. 802, 8/F., KAI TAK COMMERCIAL BLDG 317-319 DES VOEUX ROAD CENTRAL K3 00000
Thomas Carlton Colclough officer: Chief Operating Officer 16 HACKWOOD CLOSE BARLASTON PARK BARLASTON X0 ST12 9BE

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