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Rasan Information Technology Co (SAU:8313) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is Rasan Information Technology Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Rasan Information Technology Co's Goodwill for the quarter that ended in Sep. 2024 was ﷼0.0 Mil. Rasan Information Technology Co's Total Assets for the quarter that ended in Sep. 2024 was ﷼662.3 Mil. Therefore, Rasan Information Technology Co's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.00.


Rasan Information Technology Co Goodwill-to-Asset Historical Data

The historical data trend for Rasan Information Technology Co'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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Rasan Information Technology Co Goodwill-to-Asset Chart

Rasan Information Technology Co Annual Data
Trend
Goodwill-to-Asset

Rasan Information Technology Co Quarterly Data
Jun23 Sep23 Jun24 Sep24
Goodwill-to-Asset - - - -

Competitive Comparison of Rasan Information Technology Co's Goodwill-to-Asset

For the Insurance Brokers subindustry, Rasan Information Technology Co'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.


Rasan Information Technology Co's Goodwill-to-Asset Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Rasan Information Technology Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Rasan Information Technology Co's Goodwill-to-Asset falls into.



Rasan Information Technology Co 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.

Rasan Information Technology Co's Goodwill to Asset Ratio for the fiscal year that ended in . 20 is calculated as

Goodwill to Asset (A: . 20 )=Goodwill/Total Assets
=/
=

Rasan Information Technology Co'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
=0/662.267
=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.


Rasan Information Technology Co  (SAU:8313) 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.


Rasan Information Technology Co Goodwill-to-Asset Related Terms

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Rasan Information Technology Co Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248
Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

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