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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. Petco Health and Wellness Co's goodwill for the quarter that ended in Apr. 2024 was $980 Mil.
The historical data trend for Petco Health and Wellness 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.
Petco Health and Wellness Co Annual Data | |||||||||||||||
Trend | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||
Goodwill | Get a 7-Day Free Trial | 2,179.31 | 2,179.31 | 2,183.99 | 2,193.94 | 980.30 |
Petco Health and Wellness Co Quarterly Data | ||||||||||||||||||||
Jan19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | |
Goodwill | Get a 7-Day Free Trial | 2,194.49 | 2,196.66 | 976.25 | 980.30 | 980.06 |
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.
Petco Health and Wellness Co (NAS:WOOF) 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.
Petco Health and Wellness Co's Goodwill-to-Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as
Goodwill-to-Asset (A: Jan. 2024 ) | = | Goodwill | / | Total Assets |
= | 980.3 | / | 5363.152 | |
= | 0.18 |
Petco Health and Wellness Co's Goodwill-to-Asset Ratio for the quarter that ended in Apr. 2024 is calculated as
Goodwill-to-Asset (Q: Apr. 2024 ) | = | Goodwill | / | Total Assets |
= | 980.06 | / | 5259.042 | |
= | 0.19 |
* 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 Petco Health and Wellness Co's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary S Briggs | director | 117 ADAMS STREET, C/O ETSY, BROOKLYN NY 11201 |
Giovanni Insana | officer: See Remarks | 10850 VIA FRONTERA, SAN DIEGO CA 92127 |
Iris Yen | director | 10850 VIA FRONTERA, SAN DIEGO CA 92127 |
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Michael Nuzzo | officer: EVP, CFO & COO | 6301 FITCH PATH, NEW ALBANY OH 43054 |
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Katherine Nauman | officer: Chief Marketing Officer | 10850 VIA FRONTERA, SAN DIEGO CA 92127 |
Cvc Pet Lp | 10 percent owner | ONE MARITIME PLAZA, 16TH FLOOR, 300 CLAY STREET, SAN FRANCISCO CA 94111 |
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Rajendra M Mohan | director | 1600 HARBOR BAY PARKWAY STE 200, C/O GOOD GUYS INC, ALAMEDA CA 94502 |
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