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Tian An China Investments Co (HKSE:00028) Goodwill : HK$0 Mil (As of Jun. 2024)


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What is Tian An China Investments Co 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. Tian An China Investments Co's goodwill for the quarter that ended in Jun. 2024 was HK$0 Mil.


Tian An China Investments Co Goodwill Historical Data

The historical data trend for Tian An China Investments Co'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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Tian An China Investments Co Goodwill Chart

Tian An China Investments Co Annual Data
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Tian An China Investments Co Semi-Annual Data
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Tian An China Investments Co 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.


Tian An China Investments Co  (HKSE:00028) 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.

Tian An China Investments Co's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill-to-Asset (A: Dec. 2023 )=Goodwill/Total Assets
=0/53465.274
=0.00

Tian An China Investments Co's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Goodwill-to-Asset (Q: Jun. 2024 )=Goodwill/Total Assets
=0/54266.935
=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.


Tian An China Investments Co Goodwill Related Terms

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Tian An China Investments Co Business Description

Traded in Other Exchanges
N/A
Address
138 Gloucester Road, 22nd Floor, Allied Kajima Building, Wanchai, Hong Kong, HKG
Tian An China Investments Co Ltd is an investment company that mainly operates in four main areas: property development, property investment, healthcare, and other operations. The other operations mainly consist of property management, eldercare, and trading of building materials. The Company and its subsidiaries are mainly engaged in property development and investment, provision of property management services, investment and operation of healthcare, hospital, eldercare, and related businesses, and investment holding. Its operations are reported under the property development segment in China.
Executives
Allied Group Limited 2201 Interest of corporation controlled by you
Lee Seng Hui 2201 Interest of corporation controlled by you
Lee Seng Huang 2201 Interest of corporation controlled by you
Lee Su Hwei 2201 Interest of corporation controlled by you
China Spirit Limited 2201 Interest of corporation controlled by you
Vigor Online Offshore Limited 2101 Beneficial owner
Chong Sok Un 2201 Interest of corporation controlled by you
Pia Ltd 2102 Investment manager
Argyle Street Management Holdings Limited
Argyle Street Management Limited
Chan Kin
Allied Properties (h.k.) Limited

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