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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. KushCo Holdings's goodwill for the quarter that ended in May. 2021 was $52.3 Mil.
The historical data trend for KushCo 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.
KushCo Holdings Annual Data | ||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | |||||||||
Goodwill | Get a 7-Day Free Trial | 2.38 | 32.99 | 52.27 | 52.27 | 52.27 |
KushCo Holdings Quarterly Data | ||||||||||||||||||||
Aug16 | Nov16 | Feb17 | May17 | Aug17 | Nov17 | Feb18 | May18 | Aug18 | Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | |
Goodwill | Get a 7-Day Free Trial | 52.27 | 52.27 | 52.27 | 52.27 | 52.27 |
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.
KushCo Holdings (OTCPK:KSHB) 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.
KushCo Holdings's Goodwill-to-Asset Ratio for the fiscal year that ended in Aug. 2020 is calculated as
Goodwill-to-Asset (A: Aug. 2020 ) | = | Goodwill | / | Total Assets |
= | 52.27 | / | 127.656 | |
= | 0.41 |
KushCo Holdings's Goodwill-to-Asset Ratio for the quarter that ended in May. 2021 is calculated as
Goodwill-to-Asset (Q: May. 2021 ) | = | Goodwill | / | Total Assets |
= | 52.27 | / | 150.37 | |
= | 0.35 |
* 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.
Thank you for viewing the detailed overview of KushCo Holdings's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Christoffersen | officer: Chief Financial Officer | 6261 KATELLA AVENUE, SUITE 250, CYPRESS CA 90630 |
Peter A. Kadens | director | C/O KUSHCO HOLDINGS, INC., 6261 KATELLA AVE STE 250, CYPRESS CA 90630 |
Nicholas Kovacevich | director, officer: Chairman and CEO | 2618 SAN MIGUEL DRIVE, #480, NEWPORT BEACH CA 92660 |
Oliveira Rodrigo De | officer: Chief Operating Officer | C/O KUSHCO HOLDINGS, INC., 11958 MONARCH STREET, GARDEN GROVE CA 92841 |
Donald H Hunter | director | C/O HARBOR GLOBAL CO LTD, ONE FANEUIL HALL MARKET PLACE, BOSTON MA 02109 |
Barbara Goodstein | director | 23 MAIN STREET, HOLMDEL NJ 07733 |
Dallas Imbimbo | director | 1800 NEWPORT CIRCLE, SANTA ANA CA 92705 |
Eric Baum | director | 866 BERKSHIRE DRIVE, WESTBURY NY 11590 |
Christopher Tedford | officer: Chief Financial Officer | C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841 |
Jason Vegotsky | officer: Chief Revenue Officer | C/O KUSHCO HOLDINGS, INC. 11958 MONARCH STREET GARDEN GROVE CA 92841 |
Jim Mccormick | officer: CFO and COO | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Ben Wu | other: Consultant, Former COO | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Chris Martin | other: None | 1800 NEWPORT CIRCLE SANTA ANA CA 92705 |
Greg Gamet | other: None | 3539 GAYLORD STREET DENVER CO 80205 |
Jeffrey Meng | 10 percent owner | 17595 HARVARD STREET C552 IRVINE CA 92614 |
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