GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CM Energy Tech Co Ltd (HKSE:00206) » Definitions » Goodwill

CM Energy Tech Co (HKSE:00206) Goodwill : HK$3 Mil (As of Jun. 2024)


View and export this data going back to 2005. Start your Free Trial

What is CM Energy Tech 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. CM Energy Tech Co's goodwill for the quarter that ended in Jun. 2024 was HK$3 Mil.


CM Energy Tech Co Goodwill Historical Data

The historical data trend for CM Energy Tech 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.

* Premium members only.

CM Energy Tech Co Goodwill Chart

CM Energy Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 3.05

CM Energy Tech Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 3.05 3.20

CM Energy Tech 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.


CM Energy Tech Co  (HKSE:00206) 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.

CM Energy Tech 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
=3.046/2548.346
=0.00

CM Energy Tech 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
=3.202/2403.121
=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.


CM Energy Tech Co Goodwill Related Terms

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


CM Energy Tech Co Business Description

Traded in Other Exchanges
N/A
Address
1-7 Sai Tso Wan Road, 3rd Floor, Office Building, Tsing Yi Island, New Territories, Hong Kong, HKG
CM Energy Tech Co Ltd's primary business is offshore wind power installation, core equipment technology, products and services in the green and clean energy and oil and gas exploration industries, and offshore engineering asset management business. The company has three reportable segments such as Equipment Manufacturing & Packages: Designs, builds, and installs equipment for land & offshore drilling rigs, wind power platforms, and rigs. Leases self-owned land & offshore drilling rigs. Supply Chain Services: Provides supply chain and integration services for oilfield expendables and supplies. Asset Management Services: Offers asset management, engineering services, and sub-leasing of land drilling rigs and diving support vessels.
Executives
Zhao Shang Ju Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you
China Merchants & Great Wall Ocean Strategy & Technology Fund (l.p.) 2201 Interest of corporation controlled by you
China Merchants Great-wall Gp Limited 2201 Interest of corporation controlled by you
Prime Force Investment Corporation 2101 Beneficial owner
China International Marine Containers (group) Co., Ltd. 2201 Interest of corporation controlled by you
China International Marine Containers (hong Kong) Limited 2101 Beneficial owner
China State Shipbuilding Corporation Limited 2201 Interest of corporation controlled by you
Cssc Huangpu Wenchong Shipbuilding Company Limited 2201 Interest of corporation controlled by you
Cssc Offshore & Marine Engineering (group) Company Limited 2201 Interest of corporation controlled by you
Wah Shun International Marine Limited 2101 Beneficial owner
Minyun Limited 2201 Interest of corporation controlled by you
Chen Fengying 2202 Interest of your spouse
Zhang Jiuli 2202 Interest of your spouse
Zhang Menggui 2201 Interest of corporation controlled by you
Jiang Bing Hua 2201 Interest of corporation controlled by you

CM Energy Tech Co Headlines

No Headlines