GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sanxiang Advanced Materials Co Ltd (SHSE:603663) » Definitions » Goodwill

Sanxiang Advanced Materials Co (SHSE:603663) Goodwill : ¥37 Mil (As of Sep. 2024)


View and export this data going back to 2016. Start your Free Trial

What is Sanxiang Advanced Materials 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. Sanxiang Advanced Materials Co's goodwill for the quarter that ended in Sep. 2024 was ¥37 Mil.


Sanxiang Advanced Materials Co Goodwill Historical Data

The historical data trend for Sanxiang Advanced Materials 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.

Sanxiang Advanced Materials Co Goodwill Chart

Sanxiang Advanced Materials 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 37.14 37.14 37.14 37.14 37.14

Sanxiang Advanced Materials 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 37.14 37.14 37.14 37.14 37.14

Sanxiang Advanced Materials 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.


Sanxiang Advanced Materials Co  (SHSE:603663) 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.

Sanxiang Advanced Materials 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
=37.137/2018.525
=0.02

Sanxiang Advanced Materials 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
=37.137/2165.574
=0.02

* 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.


Sanxiang Advanced Materials Co Goodwill Related Terms

Thank you for viewing the detailed overview of Sanxiang Advanced Materials Co's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.


Sanxiang Advanced Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 292, Jiefang Street, Shouning County, Fujian Province, Ningde, CHN, 355500
Sanxiang Advanced Materials Co Ltd produces, manufactures, and sells new materials such as varieties of zirconia, magnesium, and advanced ceramics. Its products are widely used in aerospace, military, fire-resistant and wear-resistant materials, ceramic glazes, and other industries. The company's business segments include the zirconium series, magnesium series, and advanced ceramic series through which it offers products like nano zirconium oxide, zirconium oxychloride, lightweight new materials, casting new materials, magnesium aluminum alloys, and others.
Executives
Huang Fei Supervisors
Yang Hui Directors, senior managers
Zheng Xiong senior management
Xiao Chuan Zhou senior management
Lin Shao Yun senior management
Li Hui Bin senior management
Ye Dan Wang Director
Fan Shun Qin senior management
Wu Chun Qiao Supervisors
Xia Peng Directors, senior managers

Sanxiang Advanced Materials Co Headlines

No Headlines