MOOV (Moove Lubricants Holdings) Goodwill-to-Asset: 0.00 (As of Jun. 2024)

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What is Moove Lubricants Holdings Goodwill-to-Asset?

Moove Lubricants Holdings MOOV Goodwill-to-Asset is 0.00 as of Jun. 2024.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Moove Lubricants Holdings's Goodwill for the quarter that ended in Jun. 2024 was $0.00 Mil. Moove Lubricants Holdings's Total Assets for the quarter that ended in Jun. 2024 was $1,638.49 Mil. Therefore, Moove Lubricants Holdings's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.00.

Moove Lubricants Holdings  (NYSE:MOOV) 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.

Moove Lubricants Holdings Goodwill-to-Asset Related Terms

Moove Lubricants Holdings Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Moove Lubricants Holdings'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.

Moove Lubricants Holdings Goodwill-to-Asset Chart

Moove Lubricants Holdings Annual Data
Trend Dec21 Dec22 Dec23
Goodwill-to-Asset
0.00 0.15 0.16

Moove Lubricants Holdings Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
Goodwill-to-Asset 0.00 0.15 0.00 0.16 0.00

MOOV vs : Goodwill-to-Asset Comparison

For the Specialty Chemicals subindustry, Moove Lubricants Holdings'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.

Moove Lubricants Holdings Goodwill-to-Asset vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Moove Lubricants Holdings's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Moove Lubricants Holdings's Goodwill-to-Asset falls into.


Moove Lubricants Holdings 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.

Moove Lubricants Holdings'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
=255.941/1607.737
=0.16

Moove Lubricants Holdings'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
=0/1638.489
=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.

Frequently Asked Questions Learn more about Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.00 mean?
Moove Lubricants Holdings (MOOV) has a Goodwill-to-Asset of 0.00 as of Jun. 2024. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Moove Lubricants Holdings and its competitors.
Is Moove Lubricants Holdings' Goodwill-to-Asset too high?
Moove Lubricants Holdings' current Goodwill-to-Asset is 0.00.
How does Moove Lubricants Holdings' Goodwill-to-Asset compare to ?
Moove Lubricants Holdings' Goodwill-to-Asset of 0.00 can be compared against companies in the Chemicals 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 Chemicals company?
A good Goodwill-to-Asset depends on the Chemicals 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 Moove Lubricants Holdings and its competitors. Moove Lubricants Holdings's current Goodwill-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moove Lubricants Holdings stock overvalued right now?
Moove Lubricants Holdings (MOOV) has a current Goodwill-to-Asset of 0.00. The current Goodwill-to-Asset is 0.00. 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 Moove Lubricants Holdings (MOOV), the current Goodwill-to-Asset is 0.00 as of Jun. 2024. 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.

Moove Lubricants Holdings Business Description

Comparable Companies
Address Av. Brigadeiro Faria Lima, 4,100 - 8th Floor, Sao Paul, SP, BRA, 04538-132
Moove Lubricants Holdings is a lubricants solutions provider. The company specializes in the formulation, manufacturing, distribution, marketing, selling and servicing of lubricant products across a diverse range of end markets and customers.