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Anhui Zhongding Sealing Parts Co (SZSE:000887) Goodwill : ¥2,434 Mil (As of Sep. 2024)


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What is Anhui Zhongding Sealing Parts 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. Anhui Zhongding Sealing Parts Co's goodwill for the quarter that ended in Sep. 2024 was ¥2,434 Mil.


Anhui Zhongding Sealing Parts Co Goodwill Historical Data

The historical data trend for Anhui Zhongding Sealing Parts 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.

Anhui Zhongding Sealing Parts Co Goodwill Chart

Anhui Zhongding Sealing Parts 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 2,655.27 2,547.61 2,313.74 2,358.62 2,445.90

Anhui Zhongding Sealing Parts 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 2,413.25 2,445.90 2,396.93 2,394.34 2,433.74

Anhui Zhongding Sealing Parts 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.


Anhui Zhongding Sealing Parts Co  (SZSE:000887) 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.

Anhui Zhongding Sealing Parts 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
=2445.901/22844.191
=0.11

Anhui Zhongding Sealing Parts 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
=2433.735/24025.812
=0.10

* 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.


Anhui Zhongding Sealing Parts Co Goodwill Related Terms

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Anhui Zhongding Sealing Parts Co Business Description

Traded in Other Exchanges
N/A
Address
Economic and Technological Development Zone, Anhui, Ningguo, CHN, 242300
Anhui Zhongding Sealing Parts Co Ltd focuses primarily on industrial and automotive parts production. The company's portfolio includes a wide range of industries, from rubber and plastic products manufacturing to machinery and mold manufacturing, automotive tools, information technology, environmental protection materials, eco-friendly engines and various high-quality industrial products. Some of Zhongding Group's key products include Dinghu rubber seals and special rubber products, which are widely used and trusted in the automotive, construction machinery, petrochemical processing, office automation, railway, and shipping industries.
Executives
Gao Sheng Qing Executives
Pan Jin Jun Supervisors
Yi Shan Bing Executives
Fang Bing Hu Executives
Liang Chun Fang Supervisors
Xia Ying Song Directors, executives
He Shi Sheng Executives
Jiang Wei Jian Secretary Dong
Hu Xiao Ping Supervisors
Yan Jiang Wei Directors, executives
Xia Ding Hu Director
Chen Xing Hua Executives
Zhu Ming Yuan Executives
Zhu Bao Ning Executives
He Shu Lin Executives

Anhui Zhongding Sealing Parts Co Headlines

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