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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. Circor International's goodwill for the quarter that ended in Jun. 2023 was $119.7 Mil.
The historical data trend for Circor International'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.
Circor International Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Goodwill | Get a 7-Day Free Trial | 450.61 | 271.89 | 136.92 | 122.91 | 119.85 |
Circor International Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Goodwill | Get a 7-Day Free Trial | 119.75 | 117.54 | 119.85 | 120.11 | 119.74 |
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.
Circor International (NYSE:CIR) 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.
Circor International's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Goodwill-to-Asset (A: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 119.85 | / | 1012.687 | |
= | 0.12 |
Circor International's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2023 is calculated as
Goodwill-to-Asset (Q: Jun. 2023 ) | = | Goodwill | / | Total Assets |
= | 119.74 | / | 1026.746 | |
= | 0.12 |
* 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 Circor International's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Forrest Tiedeman | officer: Vice President, Treasury & Tax | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Samuel R. Chapin | director | 940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451 |
Tony S. Najjar | director, officer: President and CEO | C/O CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Helmuth Ludwig | director | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Arjun Sharma | officer: CFO and SVP Bus Development | 50 PARK ROW WEST, PROVIDENCE RI 02903 |
John A Odonnell | director | 2929 ALLEN PARKWAY, SUITE 2100, HOUSTON TX 77019 |
Jessica Wiley Wenzell | officer: SVP, General Counsel & CPO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Bruce M Lisman | director | C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403 |
Jill D. Smith | director | 1601 DRY CREEK DRIVE, SUITE 260, LONGMONT CO 80503 |
Tina Donikowski | director | 1625 SHARP POINT DRIVE, FORT COLLINS CO 80525 |
Losak Joseph C. Ii | officer: VP Finance, Controller, PAO | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
George Arthur L Jr | director | 12500 TI BOULEVARD, MS 8476, DALLAS TX 75243 |
Sumit Mehrotra | officer: Group Pres, Adv Flow Solutions | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Tanya Dawkins | officer: Director and Treasurer | CIRCOR INTERNATIONAL, INC., 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
Amit Goel | officer: VP Finance, Corp. Controller | 30 CORPORATE DRIVE, SUITE 200, BURLINGTON MA 01803 |
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