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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. Nortek's goodwill for the quarter that ended in Jun. 2016 was $506 Mil.
The historical data trend for Nortek'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.
Nortek Annual Data | |||||||||||||||||||||
Trend | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | |||||||||||
Goodwill | Get a 7-Day Free Trial |
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307.60 | 307.60 | 373.50 | 474.30 | 505.50 |
Nortek Quarterly Data | ||||||||||||||||||||
Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | |
Goodwill | Get a 7-Day Free Trial |
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499.50 | 504.30 | 505.50 | 505.50 | 505.50 |
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.
Nortek (NAS:NTK) 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.
Nortek's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2015 is calculated as
Goodwill-to-Asset (A: Dec. 2015 ) | = | Goodwill | / | Total Assets |
= | 505.5 | / | 2143.9 | |
= | 0.24 |
Nortek's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2016 is calculated as
Goodwill-to-Asset (Q: Jun. 2016 ) | = | Goodwill | / | Total Assets |
= | 505.5 | / | 2174.9 | |
= | 0.23 |
* 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 Nortek's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
James B Hirshorn | director | C/O NORTEK, INC., 500 EXCHANGE STREET, PROVIDENCE RI 02903 |
Jeffrey Lee Mueller | officer: Group President, AQH | GENERAC POWER SYSTEMS, INC., S45 W29290 HWY. 59, WAUKESHA WI 53189 |
John T Coleman | director | C/O ROSETTA STONE 1919 NORTH LYNN STREET 7TH FLOOR ARLINGTON VA 22209 |
J David Smith | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Donald W. Reilly | officer: VP, Corp. Controller and CAO | C/O KVH INDUSTRIES, INC., 50 ENTERPRISE CENTER, MIDDLETOWN RI 02842 |
Michael Joseph Clarke | director, officer: President and CEO | C/O NORTEK, INC., 500 EXCHANGE STREET, PROVIDENCE RI 02903 |
Joseph Anthony Arcuri | director | C/O NEWELL RUBBERMAID INC., 3 GLENLAKE PARKWAY, ATLANTA GA 30328 |
Bennett Rosenthal | director | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Chris Mcwilton | director | MASTERCARD INTERNATIONAL, 2000 PURCHASE STREET, PURCHASE NY 10577-2509 |
Ares Partners Holdco Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Gp Llc | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Holdings Inc. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Ares Management Holdings L.p. | 10 percent owner | 2000 AVENUE OF THE STARS, 12TH FL, LOS ANGELES CA 90067 |
Ares Management Corp | 10 percent owner | 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
Acof Operating Manager Iii Llc | 10 percent owner | C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067 |
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