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Xiamen Yan Palace Birds Nest Industry Co (HKSE:01497) Goodwill-to-Asset : 0.06 (As of Jun. 2024)


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What is Xiamen Yan Palace Birds Nest Industry Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Xiamen Yan Palace Birds Nest Industry Co's Goodwill for the quarter that ended in Jun. 2024 was HK$81 Mil. Xiamen Yan Palace Birds Nest Industry Co's Total Assets for the quarter that ended in Jun. 2024 was HK$1,465 Mil. Therefore, Xiamen Yan Palace Birds Nest Industry Co's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.06.


Xiamen Yan Palace Birds Nest Industry Co Goodwill-to-Asset Historical Data

The historical data trend for Xiamen Yan Palace Birds Nest Industry Co'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.

* Premium members only.

Xiamen Yan Palace Birds Nest Industry Co Goodwill-to-Asset Chart

Xiamen Yan Palace Birds Nest Industry Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
- 0.09 0.08 0.05

Xiamen Yan Palace Birds Nest Industry Co Semi-Annual Data
Dec20 Dec21 Dec22 Jun23 Dec23 Jun24
Goodwill-to-Asset Get a 7-Day Free Trial 0.09 0.08 - 0.05 0.06

Competitive Comparison of Xiamen Yan Palace Birds Nest Industry Co's Goodwill-to-Asset

For the Packaged Foods subindustry, Xiamen Yan Palace Birds Nest Industry Co'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.


Xiamen Yan Palace Birds Nest Industry Co's Goodwill-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Xiamen Yan Palace Birds Nest Industry Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Xiamen Yan Palace Birds Nest Industry Co's Goodwill-to-Asset falls into.



Xiamen Yan Palace Birds Nest Industry Co Goodwill-to-Asset Calculation

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.

Xiamen Yan Palace Birds Nest Industry 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
=82.219/1607.847
=0.05

Xiamen Yan Palace Birds Nest Industry Co's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

Goodwill to Asset (Q: Jun. 2024 )=Goodwill/Total Assets
=80.924/1464.75
=0.06

* 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.


Xiamen Yan Palace Birds Nest Industry Co  (HKSE:01497) 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.


Xiamen Yan Palace Birds Nest Industry Co Goodwill-to-Asset Related Terms

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Xiamen Yan Palace Birds Nest Industry Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Qianpu Road, 22/F, Caizihui No. 188, Siming District, Fujian Province, Xiamen City, CHN
Xiamen Yan Palace Birds Nest Industry Co Ltd is engaged in the development, production, and marketing of Edible bird's nest (EBN) products. It is a natural health delicacy product with various perceived health benefits and nutritional value. Its products include One Nest, Freshly Stewed Bird's Nest, Crystal Sugar Bird's Nest, and Dried EBN.
Executives
Yang Lei
Xia Men Guang Yao Tian Xiang Gu Quan Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Guang Yao Tian Xiang Tou Zi You Xian Gong Si
Shan Nan Yan Shi Chuang Ye Tou Zi You Xian Gong Si
Bei Jing Yan Shi Tou Zi Guan Li Zhong Xin You Xian He Huo
Bei Jing Hong Yan Gu Quan Tou Zi Zhong Xin You Xian He Huo 2101 Beneficial owner
Xia Men Jin Yan Lai Tou Zi He Huo Qi Ye You Xian He Huo
Xia Men Shi Shuang Dan Ma Shi Ye Fa Zhan You Xian Gong Si
Hu Qiaohong 2101 Beneficial owner
Huang Jian
Wang Jinghui
Wang Junjie
Wang Yalong
Liu Zhen 2201 Interest of corporation controlled by you
Zheng Wenbin

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