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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Fresh2 Group's Goodwill for the quarter that ended in Jun. 2023 was $5.10 Mil. Fresh2 Group's Total Assets for the quarter that ended in Jun. 2023 was $24.89 Mil.
Therefore, Fresh2 Group's Goodwill to Asset Ratio for the quarter that ended in Jun. 2023 was 0.21.
Fresh2 Group (OTCPK:FREHY) 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.
Fresh2 Group Goodwill-to-Asset Related Terms
Fresh2 Group Goodwill-to-Asset Historical Data
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The historical data trend for Fresh2 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.
FREHY vs NTRB, LSTA, TFFP: Goodwill-to-Asset Comparison
For the Diagnostics & Research subindustry, Fresh2 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.
Fresh2 Group Goodwill-to-Asset vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Fresh2 Group's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Fresh2 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.
Fresh2 Group (FREHY) has a Goodwill-to-Asset of 0.21 as of Jun. 2023. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Fresh2 Group and its competitors.
Is Fresh2 Group's Goodwill-to-Asset too high?
Fresh2 Group's current Goodwill-to-Asset is 0.21. Overall, Fresh2 Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Fresh2 Group's Goodwill-to-Asset compare to NTRB and LSTA?
Fresh2 Group's Goodwill-to-Asset of 0.21 can be compared against companies in the Medical Diagnostics & Research 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 Medical Diagnostics & Research company?
A good Goodwill-to-Asset depends on the Medical Diagnostics & Research 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 Fresh2 Group and its competitors. Fresh2 Group's current Goodwill-to-Asset is 0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fresh2 Group stock overvalued right now?
Fresh2 Group (FREHY) has a current Goodwill-to-Asset of 0.21. The current Goodwill-to-Asset is 0.21. Fresh2 Group's overall GF Score™ is 12/100. 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 Fresh2 Group (FREHY), the current Goodwill-to-Asset is 0.21 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.
Fresh2 Group Ltd is a biotechnology company. It focuses on early cancer screening and detection. The company markets and sells a multi-cancer screening and detection test that uses its innovative patented CDA technology and its proprietary CDA device. In addition to early cancer screening and detection, its CDA technology has demonstrated the potential to assist physicians in cancer diagnosis, prognosis, and recurrence.
12GF Score
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