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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. Patterson-UTI Energy's goodwill for the quarter that ended in Dec. 2024 was $487 Mil.
The historical data trend for Patterson-UTI Energy'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.
Patterson-UTI Energy Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Goodwill | Get a 7-Day Free Trial |
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- | - | - | 1,379.74 | 487.39 |
Patterson-UTI Energy Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Goodwill | Get a 7-Day Free Trial |
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1,379.74 | 1,379.74 | 1,377.45 | 487.39 | 487.39 |
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.
Patterson-UTI Energy (NAS:PTEN) 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.
Patterson-UTI Energy's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as
Goodwill-to-Asset (A: Dec. 2024 ) | = | Goodwill | / | Total Assets |
= | 487.39 | / | 5833.466 | |
= | 0.08 |
Patterson-UTI Energy's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2024 is calculated as
Goodwill-to-Asset (Q: Dec. 2024 ) | = | Goodwill | / | Total Assets |
= | 487.39 | / | 5833.466 | |
= | 0.08 |
* 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 Patterson-UTI Energy's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Drummond Robert Wayne Jr | director | 1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010 |
James Carl Stewart | director | 1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056 |
Matthew Gillard | officer: President-Completions | 3990 ROGERDALE RD., HOUSTON TX 77042 |
Tiffany Thom Cepak | director | C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064 |
Charles Andrew Smith | officer: EVP & Chief Financial Officer | 13627 COMELY LANE, HOUSTON TX 77079 |
Seth David Wexler | officer: GENERAL COUNSEL AND SECRETARY | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
James Michael Holcomb | officer: President-Drilling Subsidiary | 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067 |
Amy H Nelson | director | 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056 |
Leslie Ann Beyer | director | C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705 |
Gary M. Halverson | director | 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027 |
Blackstone Management Associates Vii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Energy Management Associates Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Bcp Vii/bep Ii Holdings Manager L.l.c. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bep Diamond Aggregator L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Ema Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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