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Saunum Group AS (OTSE:SAUNA) Goodwill-to-Asset : 0.02 (As of Jun. 2024)


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What is Saunum Group AS Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Saunum Group AS's Goodwill for the quarter that ended in Jun. 2024 was €0.06 Mil. Saunum Group AS's Total Assets for the quarter that ended in Jun. 2024 was €3.61 Mil. Therefore, Saunum Group AS's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.02.


Saunum Group AS Goodwill-to-Asset Historical Data

The historical data trend for Saunum Group AS'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.

Saunum Group AS Goodwill-to-Asset Chart

Saunum Group AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
- - 0.02 0.01 0.02

Saunum Group AS Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.02 0.02 0.02

Competitive Comparison of Saunum Group AS's Goodwill-to-Asset

For the Building Products & Equipment subindustry, Saunum Group AS'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.


Saunum Group AS's Goodwill-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Saunum Group AS's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Saunum Group AS's Goodwill-to-Asset falls into.


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Saunum Group AS 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.

Saunum Group AS'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
=0.07/3.896
=0.02

Saunum Group AS'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
=0.06/3.61
=0.02

* 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.


Saunum Group AS  (OTSE:SAUNA) 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.


Saunum Group AS Goodwill-to-Asset Related Terms

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Saunum Group AS Business Description

Traded in Other Exchanges
N/A
Address
Suur-Paala 19, Harju county, Lasnamae District, Tallinn, EST, 11415
Saunum Group AS is an Estonian company that develops and manufactures unique indoor sauna air conditioners and heaters with patented technology in the world. The main activity is the development, production, and so on of the mentioned devices. The company's products include Heaters, Air conditioners, Control devices, and salt balls.

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