MLGO (MicroAlgo) Goodwill : $0.00 Mil (As of Jun. 2024)

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What is MicroAlgo 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. MicroAlgo's goodwill for the quarter that ended in Jun. 2024 was $0.00 Mil.

MicroAlgo Goodwill Historical Data

The historical data trend for MicroAlgo'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.

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MicroAlgo Goodwill Chart

MicroAlgo Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Goodwill

22.36

21.95

15.26

MicroAlgo Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Dec23	Jun24
Goodwill	Get a 7-Day Free Trial					15.26	15.47	14.71	-	-

MicroAlgo 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.

MicroAlgo (NAS:MLGO) 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.

MicroAlgo'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
	=	0	/	57.961
	=	0.00

MicroAlgo'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
	=	0	/	107.592
	=

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.

MicroAlgo Goodwill Related Terms

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MicroAlgo Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MicroAlgo Inc (NAS:MLGO) » Definitions » Goodwill

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Nanshan District, Shenzhen, CHN, 518052

Website

http://www.microalgor.com

MicroAlgo Inc is divided into two segments Central processing algorithm services & Intelligent chips and services. The majority is from the Central processing algorithm services. which refer to a range of computing algorithms, analytical algorithms, recommendation algorithms, & acceleration algorithms. The businesses engaged in internet advertisement, game development, intelligent chip design, finance, retail, & logistics depend on the ability to process & analyze data with optimized computing software & hardware capable of handling the data workload. Intelligent chips and services revenues include revenues generated from the resale of intelligent chips. All of the Company's net revenues were generated in the PRC, Hong Kong, & Singapore, out of which the majority is from the PRC.

Executives

Wimi Hologram Cloud Inc.	10 percent owner	NO. 6 XIAOZHUANG, BEIJING F4 100005
Li He	officer: CFO	C2706, HEZHENGYI GARDEN, SUNGANG STREET, LUOHU DISTRICT SHENZHEN F4 518000
Shiwen Liu	officer: COO	2007, DESIGN BUILDING, NO. 8 ZHENHUA ROAD, FUTIAN DISTRICT SHENZHEN F4 518028
Haixia Zhao	director	ROOM F, 3RD FLOOR, YINGXIE BUILDING, 1002 FUQIANG ROAD, FUTIAN DISTRICT, SHENZHEN F4 518033
Chengwei Yi	officer: CTO	ROOM 502, UNIT B, BUILDING 3, YIRAN TIANDI RESIDENCE, NANSHAN DISTRICT, SHENZHEN F4 518000
Wengang Kang	director	ROOM 1214, BUILDING 17, XINYUAN INTERNATIONAL CITY GARDEN, HUAQIAO TOWN, KUNSHAN F4 215332
Xinmin Su	director, officer: CEO	1802 YUXUAN PAVILION, 4001 TAIBAI ROAD, LUOHU DISTRICT, SHENZHEN F4 518019
Plc Barclays	10 percent owner	1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Liu Yanming	director, officer: Chairman + CEO	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Cui Shan	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Yu Chen	director	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
River Chi	director, officer: Chief Financial Officer	SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Guojian Chen	director	477 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022