SIRC (Solar Integrated Roofing) Goodwill: $62.05 Mil (As of Sep. 2022)


What is Solar Integrated Roofing Goodwill?

Solar Integrated Roofing SIRC -99.00% Goodwill is $62.05 Mil as of Sep. 2022.

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. Solar Integrated Roofing's goodwill for the quarter that ended in Sep. 2022 was $62.05 Mil.

Solar Integrated Roofing  (OTCPK:SIRC) 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.

Solar Integrated Roofing's Goodwill-to-Asset Ratio for the fiscal year that ended in Feb. 2009 is calculated as

Goodwill-to-Asset (A: Feb. 2009 )=Goodwill/Total Assets
=0/0.78
=

Solar Integrated Roofing's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

Goodwill-to-Asset (Q: Sep. 2022 )=Goodwill/Total Assets
=62.048/153.688
=0.40

* 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.

Solar Integrated Roofing Goodwill Related Terms

Solar Integrated Roofing Goodwill Historical Data

* Premium members only.

The historical data trend for Solar Integrated Roofing'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.

Solar Integrated Roofing Goodwill Chart

Solar Integrated Roofing Annual Data
Trend Feb08 Feb09
Goodwill
0.00 0.00

Solar Integrated Roofing Quarterly Data
Aug07 Nov07 Feb08 May08 Aug08 Nov08 Feb09 May09 Aug09 Nov09 Feb10 May10 Aug10 Nov10 Sep21 Sep22
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 0.00 0.00 0.00 0.00 62.05

Solar Integrated Roofing 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.

Frequently Asked Questions Learn more about Goodwill →
What does a Goodwill of $62.05 Mil mean?
Solar Integrated Roofing (SIRC) has a Goodwill of $62.05 Mil as of Sep. 2022. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Goodwill too high?
Solar Integrated Roofing's current Goodwill is $62.05 Mil.
How does Solar Integrated Roofing's Goodwill compare to YGEHY and BSRC?
Solar Integrated Roofing's Goodwill of $62.05 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill for a Semiconductors company?
A good Goodwill depends on the Semiconductors industry context. However, Goodwill should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill mean?
A high Goodwill can signal that a stock is expensive relative to its fundamentals. Goodwill is the intangible assets representing the value in excess of the acquired company's value. View historical data on Solar Integrated Roofing and its competitors. Solar Integrated Roofing's current Goodwill is $62.05 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Goodwill of $62.05 Mil. The current Goodwill is $62.05 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill calculated?
Goodwill is calculated from a company's financial statements. For Solar Integrated Roofing (SIRC), the current Goodwill is $62.05 Mil as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Solar Integrated Roofing Business Description

Address 2831 Saint Rose Parkway, Suite 200, Henderson, NV, USA, 89052
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.