Shenghui Cleanness Group Holdings (HKSE:02521) Goodwill: HK$2.9 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02521 Shenghui Cleanness Group Holdings Ltd HKSE:02521
43 GF Score
Price HK$1.01
! 6 Warning Signs
View Full Analysis

What is Shenghui Cleanness Group Holdings Goodwill?

Shenghui Cleanness Group Holdings HKSE:02521 -1.94% 43 Goodwill is HK$2.9 Mil as of Dec. 2025. GuruFocus rates HKSE:02521 with a GF Score™ of 43/100. The stock has 6 warning signs investors should review.

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. Shenghui Cleanness Group Holdings's goodwill for the quarter that ended in Dec. 2025 was HK$2.9 Mil.


Shenghui Cleanness Group Holdings  (HKSE:02521) 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.

Shenghui Cleanness Group Holdings's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (A: Dec. 2025 )=Goodwill/Total Assets
=2.878/741.876
=0.00

Shenghui Cleanness Group Holdings's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2025 is calculated as

Goodwill-to-Asset (Q: Dec. 2025 )=Goodwill/Total Assets
=2.878/741.876
=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.


Shenghui Cleanness Group Holdings Goodwill Related Terms


Shenghui Cleanness Group Holdings Goodwill Historical Data

* Premium members only.

The historical data trend for Shenghui Cleanness Group Holdings'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.

Shenghui Cleanness Group Holdings Goodwill Chart

Shenghui Cleanness Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 2.88

Shenghui Cleanness Group Holdings Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.88
HKSE:02521
43GF Score
Shenghui Cleanness Group Holdings Ltd HKSE:02521
Goodwill is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shenghui Cleanness Group Holdings 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.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of HK$2.9 Mil mean?
Shenghui Cleanness Group Holdings (HKSE:02521) has a Goodwill of HK$2.9 Mil as of Dec. 2025. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Shenghui Cleanness Group Holdings and its competitors.
Is Shenghui Cleanness Group Holdings' Goodwill too high?
Shenghui Cleanness Group Holdings' current Goodwill is HK$2.9 Mil. Overall, Shenghui Cleanness Group Holdings has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Shenghui Cleanness Group Holdings' Goodwill compare to ROL and SCI?
Shenghui Cleanness Group Holdings' Goodwill of HK$2.9 Mil can be compared against companies in the Personal Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Personal Services company?
A good Goodwill depends on the Personal Services industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Shenghui Cleanness Group Holdings and its competitors. Shenghui Cleanness Group Holdings's current Goodwill is HK$2.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenghui Cleanness Group Holdings stock overvalued right now?
Shenghui Cleanness Group Holdings (HKSE:02521) has a current Goodwill of HK$2.9 Mil. The current Goodwill is HK$2.9 Mil. Shenghui Cleanness Group Holdings' overall GF Score™ is 43/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Shenghui Cleanness Group Holdings (HKSE:02521), the current Goodwill is HK$2.9 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Shenghui Cleanness Group Holdings Business Description

Address 36 Xinguang Road, 3rd Floor, Office Block, Xinzao Town, Panyu District, Guangzhou, CHN
Shenghui Cleanness Group Holdings Ltd is a cleaning and maintenance services provider in the PRC and a property cleaning service provider in Guangdong province. It has operations in various provincial-level regions in the PRC and serves a wide range of premises including commercial buildings, transportation hubs such as airports, residential premises, shopping malls and commercial complexes, streets, parks, and other public spaces.
43GF Score

Get the complete analysis for HKSE:02521

Goodwill is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$1.01
Price