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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Celadon Group's Goodwill for the quarter that ended in Dec. 2016 was $62 Mil. Celadon Group's Total Assets for the quarter that ended in Dec. 2016 was $982 Mil.
Therefore, Celadon Group's Goodwill to Asset Ratio for the quarter that ended in Dec. 2016 was 0.06.
Celadon Group (OTCPK:CGIP) Goodwill-to-Asset Explanation
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.
Celadon Group Goodwill-to-Asset Related Terms
Celadon Group Goodwill-to-Asset Historical Data
* Premium members only.
The historical data trend for Celadon Group's Goodwill-to-Asset 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.
Celadon Group Goodwill-to-Asset Competitor Comparison
For the Trucking subindustry, Celadon Group's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Celadon Group Goodwill-to-Asset vs Transportation Industry
For the Transportation industry and Industrials sector, Celadon Group's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Celadon Group's Goodwill-to-Asset falls into.
* 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.
Celadon Group (CGIP) has a Goodwill-to-Asset of 0.06 as of Dec. 2016. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Celadon Group and its competitors.
Is Celadon Group's Goodwill-to-Asset too high?
Celadon Group's current Goodwill-to-Asset is 0.06.
How does Celadon Group's Goodwill-to-Asset compare to competitors?
Celadon Group's Goodwill-to-Asset of 0.06 can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for a Transportation company?
A good Goodwill-to-Asset depends on the Transportation industry context. However, Goodwill-to-Asset 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-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Celadon Group and its competitors. Celadon Group's current Goodwill-to-Asset is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celadon Group stock overvalued right now?
Celadon Group (CGIP) has a current Goodwill-to-Asset of 0.06. The current Goodwill-to-Asset is 0.06. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Celadon Group (CGIP), the current Goodwill-to-Asset is 0.06 as of Dec. 2016. 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.
Celadon Group Inc is a United States based company truckload freight transportation provider. Through its subsidiaries, the company provides long haul, regional, local, dedicated, intermodal, temperature-protect, and expedited freight service across the United States, Canada, and Mexico. It also offers freight brokerage services, freight management, as well as supply chain management solutions, including logistics, warehousing, and distribution. The operating segments of the company are Asset-based, Asset-light and Equipment leasing and services.
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