Hospitality Property Fund (JSE:TSP) Goodwill: R0.00 Mil (As of Sep. 2020)

What is Hospitality Property Fund Goodwill?

Hospitality Property Fund JSE:TSP 11 Goodwill is R0.00 Mil as of Sep. 2020. GuruFocus rates JSE:TSP with a GF Score™ of 11/100. The stock has 8 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. Hospitality Property Fund's goodwill for the quarter that ended in Sep. 2020 was R0.00 Mil.

Hospitality Property Fund (JSE:TSP) 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.

Hospitality Property Fund's Goodwill-to-Asset Ratio for the fiscal year that ended in Mar. 2020 is calculated as

Goodwill-to-Asset (A: Mar. 2020 )	=	Goodwill	/	Total Assets
	=	0	/	10343.024
	=	0.00

Hospitality Property Fund's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2020 is calculated as

Goodwill-to-Asset (Q: Sep. 2020 )	=	Goodwill	/	Total Assets
	=	0	/	10247.243
	=	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.

Hospitality Property Fund Goodwill Related Terms

Hospitality Property Fund Goodwill Historical Data

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The historical data trend for Hospitality Property Fund's Goodwill can be seen below:

Hospitality Property Fund Goodwill Chart

Hospitality Property Fund Annual Data

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Hospitality Property Fund Semi-Annual Data
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Hospitality Property Fund 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 R0.00 Mil mean?

Hospitality Property Fund (JSE:TSP) has a Goodwill of R0.00 Mil as of Sep. 2020. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Hospitality Property Fund and its competitors.

Is Hospitality Property Fund's Goodwill too high?

Hospitality Property Fund's current Goodwill is R0.00 Mil. Overall, Hospitality Property Fund has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.

How does Hospitality Property Fund's Goodwill compare to HST and PK?

Hospitality Property Fund's Goodwill of R0.00 Mil can be compared against companies in the REITs 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 REITs company?

A good Goodwill depends on the REITs 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 Hospitality Property Fund and its competitors. Hospitality Property Fund's current Goodwill is R0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Hospitality Property Fund stock overvalued right now?

Hospitality Property Fund (JSE:TSP) has a current Goodwill of R0.00 Mil. The current Goodwill is R0.00 Mil. Hospitality Property Fund's overall GF Score™ is 11/100 with 8 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 Hospitality Property Fund (JSE:TSP), the current Goodwill is R0.00 Mil as of Sep. 2020. 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.

Hospitality Property Fund Business Description

Industry Real Estate REITs

Comparable Companies HST PK APLE XPAR:COVH SHO RHP PEB RLJ TSE:8985 FCPT DRH SVC XHR TSE:3287 INN ASX:LEP HKSE:01881 TSE:3478 XKLS:5109 CLDT

Address Montecasino Boulevard, Palazzo Towers West, Fourways, Johannesburg, ZAF, 2055

Website http://www.hpf.co.za

Hospitality Property Fund Ltd is a specialised real estate investment trust investing in the hotel and leisure sector, providing investors with exposure to both the property and hospitality industries. The company's portfolio caters to a wide-ranging domestic and international market and accommodates various segments including corporate, government, leisure, group conferencing and event business. The properties are well diversified in terms of geographic location and class of hotel, thus mitigating the inherent risks associated within the cyclical nature of the hospitality industry.