Boxed (BOXDQ) Goodwill : $7.4 Mil (As of Sep. 2022)

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What is Boxed 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. Boxed's goodwill for the quarter that ended in Sep. 2022 was $7.4 Mil.

Boxed Goodwill Historical Data

The historical data trend for Boxed'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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Boxed Goodwill Chart

Boxed Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Goodwill

7.44

Boxed Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Goodwill	Get a 7-Day Free Trial						-	7.44	7.44	7.42	7.41

Boxed 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.

Boxed (OTCPK:BOXDQ) 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.

Boxed's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Goodwill-to-Asset (A: Dec. 2021 )	=	Goodwill	/	Total Assets
	=	7.44	/	231.605
	=	0.03

Boxed's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Goodwill-to-Asset (Q: Sep. 2022 )	=	Goodwill	/	Total Assets
	=	7.41	/	118.778
	=	0.06

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.

Boxed Goodwill Related Terms

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Boxed (BOXDQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Boxed Inc (OTCPK:BOXDQ) » Definitions » Goodwill

Comparable Companies

Traded in Other Exchanges

N/A

Address

451 Broadway, Floor 2, New York, NY, USA, 10013

Website

https://www.boxed.com

Boxed Inc is an e-commerce platform selling bulk, high-repeat consumables to consumers and businesses. It offers wholesale products such as groceries, snacks, beverages, and household and cleaning products. It operates in two segments: Boxed Retail, which generates the majority revenue; and Boxed Software & Services. Retail segment engages in the sale of consumer products and goods in bulk sizes to consumers and businesses in the continental United States. Software & Services segment relates to its research, development, marketing, and production of our propriety software for sale to third parties.

Executives

Pamela B Corrie	director	100 PIER 1 PLACE, FORT WORTH TX 76102
David Michael Miller	officer: Chief Technology Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Alison Weick	officer: President, E-Commerce	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Mark Zimowski	officer: Chief Financial Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Jared Yaman	director, officer: Chief Operating Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Chieh E. Huang	director, officer: Chief Executive Officer	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Tsukasa Ojima	director	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
David Liu	director	C/O XO GROUP INC., 195 BROADWAY, 25TH FLOOR, NEW YORK NY 10007
Andrew C. Pearson	officer: Chief Financial Officer	445 PARK AVENUE, 17TH FLOOR, NEW YORK NY 10022
Yun Jung Choi	officer: General Counsel & Secretary	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Veracelle A Vega-hansen	officer: Chief People Officer	C/O BOXED, INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Gary S Matthews	other: See Remarks	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Acm Arrt Vii D Llc	10 percent owner	ONE ROCKEFELLER PLAZA, 32ND FLOOR, NEW YORK NY 10022
Harshul Sanghi	director	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013
Moore Emerson S. Ii	director	C/O GIDDY INC., 451 BROADWAY, 2ND FLOOR, NEW YORK NY 10013