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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Golden Developing Solutions's Goodwill for the quarter that ended in Jun. 2023 was $3.14 Mil. Golden Developing Solutions's Total Assets for the quarter that ended in Jun. 2023 was $7.92 Mil.
Therefore, Golden Developing Solutions's Goodwill to Asset Ratio for the quarter that ended in Jun. 2023 was 0.40.
Golden Developing Solutions (OTCPK:DVLP) 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.
Golden Developing Solutions Goodwill-to-Asset Related Terms
Golden Developing Solutions Goodwill-to-Asset Historical Data
* 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.
Golden Developing Solutions Goodwill-to-Asset Chart
DVLP vs CSTF, BLMS, BBBT: Goodwill-to-Asset Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Golden Developing Solutions'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.
Golden Developing Solutions Goodwill-to-Asset vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Golden Developing Solutions's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Golden Developing Solutions'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.
Golden Developing Solutions (DVLP) has a Goodwill-to-Asset of 0.40 as of Jun. 2023. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Golden Developing Solutions and its competitors.
Is Golden Developing Solutions' Goodwill-to-Asset too high?
Golden Developing Solutions' current Goodwill-to-Asset is 0.40.
How does Golden Developing Solutions' Goodwill-to-Asset compare to CSTF and BLMS?
Golden Developing Solutions' Goodwill-to-Asset of 0.40 can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Goodwill-to-Asset depends on the Drug Manufacturers 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 Golden Developing Solutions and its competitors. Golden Developing Solutions's current Goodwill-to-Asset is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Developing Solutions stock overvalued right now?
Golden Developing Solutions (DVLP) has a current Goodwill-to-Asset of 0.40. The current Goodwill-to-Asset is 0.40. 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 Golden Developing Solutions (DVLP), the current Goodwill-to-Asset is 0.40 as of Jun. 2023. 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.
Golden Developing Solutions Inc is a development-stage company providing business services and/or products supporting Health, Wellness, and Technology. The company is also focused on acquisitions of synergistic companies.
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