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PTRUF (Petrus Resources) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is Petrus Resources Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Petrus Resources's Goodwill for the quarter that ended in Sep. 2024 was $0.00 Mil. Petrus Resources's Total Assets for the quarter that ended in Sep. 2024 was $310.94 Mil. Therefore, Petrus Resources's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.00.


Petrus Resources Goodwill-to-Asset Historical Data

The historical data trend for Petrus Resources'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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Petrus Resources Goodwill-to-Asset Chart

Petrus Resources Annual Data
Trend Jan14 Jan15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
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Petrus Resources Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Petrus Resources's Goodwill-to-Asset

For the Oil & Gas E&P subindustry, Petrus Resources'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.


Petrus Resources's Goodwill-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Petrus Resources's Goodwill-to-Asset distribution charts can be found below:

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



Petrus Resources 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.

Petrus Resources'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
=0/326.358
=0.00

Petrus Resources's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=0/310.938
=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.


Petrus Resources  (OTCPK:PTRUF) 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.


Petrus Resources Goodwill-to-Asset Related Terms

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Petrus Resources Business Description

Traded in Other Exchanges
Address
2400, 240 - 4th Avenue SW, Calgary, AB, CAN, T2P 4H4
Petrus Resources Ltd is an oil and gas company that is engaged in the acquisition, development, exploration, and exploitation of energy business assets. The company receives maximum revenue from oil and natural gas. The company's core operating areas are Ferrier, Central Alberta, and the Rocky Mountain foothills.

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