GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shenzhen Soling Industrial Co Ltd (SZSE:002766) » Definitions » Goodwill

Shenzhen Soling Industrial Co (SZSE:002766) Goodwill : ¥4 Mil (As of Sep. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Shenzhen Soling Industrial 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. Shenzhen Soling Industrial Co's goodwill for the quarter that ended in Sep. 2024 was ¥4 Mil.


Shenzhen Soling Industrial Co Goodwill Historical Data

The historical data trend for Shenzhen Soling Industrial 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.

Shenzhen Soling Industrial Co Goodwill Chart

Shenzhen Soling Industrial 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 512.79 156.88 - - -

Shenzhen Soling Industrial 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 - - - 4.01 4.01

Shenzhen Soling Industrial 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.


Shenzhen Soling Industrial Co  (SZSE:002766) 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.

Shenzhen Soling Industrial 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
=0/1281.399
=0.00

Shenzhen Soling Industrial 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
=4.01/1269.328
=0.00

* 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.


Shenzhen Soling Industrial Co Goodwill Related Terms

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


Shenzhen Soling Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Haide 1st Road, 34M02, Building B, Nanshan District, Shenzhen, CHN, 518000
Shenzhen Soling Industrial Co Ltd is engaged in research and development, production, sales of Car Informatic Device (CID) system. The company specializes into Car GPS navigation systems and in-car DVD, CD and MP3 players. The company's products include head units, telematics, high-end car upgrading systems, rear view mirror, DVRs, and ADAS products.
Executives
Xiang Ming Executives
Xiao Xing Yi Directors, executives
Wu Wen Xing Executives
Zhong Gui Rong Secretary Dong
Deng Qing Ming Directors, executives
Tong Fang Yi Supervisors
Tong Fang Yi Supervisors
Deng Xian Hai Supervisors

Shenzhen Soling Industrial Co Headlines

No Headlines