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Wuchan Zhongda Group Co (SHSE:600704) Goodwill : ¥1,826 Mil (As of Sep. 2024)


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What is Wuchan Zhongda Group Co 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. Wuchan Zhongda Group Co's goodwill for the quarter that ended in Sep. 2024 was ¥1,826 Mil.


Wuchan Zhongda Group Co Goodwill Historical Data

The historical data trend for Wuchan Zhongda Group 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.

* Premium members only.

Wuchan Zhongda Group Co Goodwill Chart

Wuchan Zhongda Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,288.23 1,258.51 1,122.71 1,835.84 1,850.11

Wuchan Zhongda Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Goodwill Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,891.06 1,850.11 1,850.11 1,828.48 1,825.98

Wuchan Zhongda Group Co 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.


Wuchan Zhongda Group Co  (SHSE:600704) 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.

Wuchan Zhongda Group Co'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
=1850.11/166134.814
=0.01

Wuchan Zhongda Group Co's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill-to-Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=1825.98/202446.121
=0.01

* 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.


Wuchan Zhongda Group Co Goodwill Related Terms

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Wuchan Zhongda Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 56, West Huancheng Road, Zhejiang, Hangzhou, CHN, 310006
Wuchan Zhongda Group Co Ltd is engaged in industrial investment, equity investment, asset management, investment management, management consulting, information consulting services. It is also engaged in car sales and leasing, e-commerce technology services, used car transactions and services.
Executives
Zhang Bo Director
Wang Qi Ying senior management
Chen Hai Bin senior management
Wang Ting Ge Director
Liu Chun Kai Supervisors
Zhou Xue Tao senior management
Chen Ji Da Director
Fang Ming senior management
Wang Jing Tian Director
Zhu Xie He senior management
Zhang Li senior management
Dong Ke Chao Director
Zhang Biao Director
Hu Xiao Ping senior management
Ji Jia Ren senior management

Wuchan Zhongda Group Co Headlines

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