Filipino Fund (PHS:FFI) Goodwill-to-Asset : 0.00 (As of Dec. 2023)

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What is Filipino Fund Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Filipino Fund's Goodwill for the quarter that ended in Dec. 2023 was ₱0.00 Mil. Filipino Fund's Total Assets for the quarter that ended in Dec. 2023 was ₱216.04 Mil. Therefore, Filipino Fund's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 was 0.00.

Filipino Fund Goodwill-to-Asset Historical Data

The historical data trend for Filipino Fund'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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Filipino Fund Goodwill-to-Asset Chart

Filipino Fund Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Goodwill-to-Asset

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Filipino Fund Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Goodwill-to-Asset	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Filipino Fund's Goodwill-to-Asset

For the Asset Management subindustry, Filipino Fund'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.

Filipino Fund's Goodwill-to-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Filipino Fund's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Filipino Fund's Goodwill-to-Asset falls into.

Filipino Fund 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.

Filipino Fund'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	/	216.036
	=	0.00

Filipino Fund's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill to Asset (Q: Dec. 2023 )	=	Goodwill	/	Total Assets
	=	0	/	216.036
	=	0.00

Filipino Fund (PHS:FFI) 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.

Filipino Fund Goodwill-to-Asset Related Terms

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Filipino Fund (PHS:FFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Filipino Fund Inc (PHS:FFI) » Definitions » Goodwill-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

5th Avenue corner 28th Street, Units 1911-1912, 19th Floor, PSE Tower, Bonifacio Global City, Taguig, PHL, 1630

Website

https://www.filipinofund.com.ph

Filipino Fund Inc is a closed-end investment company. It invests in the funds investing in public equity and fixed income markets. Geographically, the activities are carried out through the region of the Philippines.

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