GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Metals Ltd (ASX:EMS) » Definitions » Goodwill

Eastern Metals (ASX:EMS) Goodwill : A$0.00 Mil (As of Dec. 2023)


View and export this data going back to 2021. Start your Free Trial

What is Eastern Metals 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. Eastern Metals's goodwill for the quarter that ended in Dec. 2023 was A$0.00 Mil.


Eastern Metals Goodwill Historical Data

The historical data trend for Eastern Metals'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.

* Premium members only.

Eastern Metals Goodwill Chart

Eastern Metals Annual Data
Trend Jun22 Jun23 Jun24
Goodwill
- - -

Eastern Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Goodwill Get a 7-Day Free Trial - - - - -

Eastern Metals 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.


Eastern Metals  (ASX:EMS) 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.

Eastern Metals's Goodwill-to-Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Goodwill-to-Asset (A: Jun. 2024 )=Goodwill/Total Assets
=0/2.168
=

Eastern Metals's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill-to-Asset (Q: Dec. 2023 )=Goodwill/Total Assets
=0/2.454
=0.00

* 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.


Eastern Metals Goodwill Related Terms

Thank you for viewing the detailed overview of Eastern Metals's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastern Metals Business Description

Traded in Other Exchanges
N/A
Address
210 George Street, Level 8, Sydney, NSW, AUS, 2000
Eastern Metals Ltd is an Australian junior base and precious metals exploration company with initial interests in three projects: the Arunta Project in the Northern Territory, Cobar Project and Thomson Project in New South Wales.

Eastern Metals Headlines

No Headlines