First Abacus Financial Holdings (PHS:FAF) Goodwill-to-Asset : 0.00 (As of Mar. 2024)

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What is First Abacus Financial Holdings Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. First Abacus Financial Holdings's Goodwill for the quarter that ended in Mar. 2024 was ₱19.91 Mil. First Abacus Financial Holdings's Total Assets for the quarter that ended in Mar. 2024 was ₱7,044.93 Mil. Therefore, First Abacus Financial Holdings's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.00.

First Abacus Financial Holdings Goodwill-to-Asset Historical Data

The historical data trend for First Abacus Financial 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.

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First Abacus Financial Holdings Goodwill-to-Asset Chart

First Abacus Financial Holdings Annual Data

Trend

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Goodwill-to-Asset

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First Abacus Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of First Abacus Financial Holdings's Goodwill-to-Asset

For the Capital Markets subindustry, First Abacus Financial 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.

First Abacus Financial Holdings's Goodwill-to-Asset Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, First Abacus Financial Holdings's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where First Abacus Financial Holdings's Goodwill-to-Asset falls into.

First Abacus Financial 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.

First Abacus Financial 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
	=	19.91	/	7017.093
	=	0.00

First Abacus Financial Holdings's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Goodwill to Asset (Q: Mar. 2024 )	=	Goodwill	/	Total Assets
	=	19.91	/	7044.931
	=	0.00

First Abacus Financial Holdings (PHS:FAF) 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.

First Abacus Financial Holdings Goodwill-to-Asset Related Terms

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First Abacus Financial Holdings (PHS:FAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » First Abacus Financial Holdings Corp (PHS:FAF) » Definitions » Goodwill-to-Asset

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Traded in Other Exchanges

N/A

Address

Exchange Road, Ortigas Center, Unit 2904-A East Tower, Philippine Stock Exchange Centre, Pasig, PHL, 1600

Website

http://www.firstabacusfinancial.com.ph

First Abacus Financial Holdings Corp is engaged in, through its subsidiaries, stockbroking activities, investment banking, real estate business, and other financial services. The company provides financial advisory services, debt underwriting and loan arrangements service, treasury sales service, and others. Its segments include Securities brokerage; Investment banking; Leasing and others, of which key revenue is generated from the Securities brokerage segment which handles buying and selling of shares of stock, bonds, and other securities.