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SING (SinglePoint) Goodwill-to-Asset : 0.48 (As of Jun. 2024)


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What is SinglePoint Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. SinglePoint's Goodwill for the quarter that ended in Jun. 2024 was $7.20 Mil. SinglePoint's Total Assets for the quarter that ended in Jun. 2024 was $15.14 Mil. Therefore, SinglePoint's Goodwill to Asset Ratio for the quarter that ended in Jun. 2024 was 0.48.


SinglePoint Goodwill-to-Asset Historical Data

The historical data trend for SinglePoint'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.

SinglePoint Goodwill-to-Asset Chart

SinglePoint Annual Data
Trend Oct08 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.81 0.65 0.72 0.38 0.42

SinglePoint Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.37 0.42 0.43 0.48

Competitive Comparison of SinglePoint's Goodwill-to-Asset

For the Solar subindustry, SinglePoint'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.


SinglePoint's Goodwill-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, SinglePoint's Goodwill-to-Asset distribution charts can be found below:

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



SinglePoint 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.

SinglePoint'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
=7.2/17.252
=0.42

SinglePoint'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
=7.2/15.144
=0.48

* 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.


SinglePoint  (OTCPK:SING) 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.


SinglePoint Goodwill-to-Asset Related Terms

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SinglePoint Business Description

Traded in Other Exchanges
N/A
Address
3104 East Camelback Road, Suite 2137, Phoenix, AZ, USA, 85016
SinglePoint Inc is a renewable and sustainable solution company focused on solar power and indoor air purification. Its primary focus is sustainability by providing an integrated solar energy solution for the customers and clean environment solutions through its air purification business. The company's subsidiary, BOX Pure Air, is engaged in the Indoor Air Quality sector addressing the need for air purification in schools and offices. SinglePoint is exploring future acquisition and growth opportunities in energy storage, electric vehicle charging, solar as a subscription service and additional energy-efficient appliances that enhance sustainability.
Executives
Greg Paul Lambrecht director, 10 percent owner, officer: CEO 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Jeffrey Allen Nomura director 5012 BEACH DR SW, SEATTLE WA 98136
Eric Lofdahl director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Wil Ralston director, officer: President 3920 E THOMAS ROAD, #97292, PHOENIX AZ 85060
Venugopal Aravamudan director 2999 NORTH 44TH STREET, SUITE 530, PHOENIX AZ 85018
Hans J Schulte director, 10 percent owner, officer: President 2300 E SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102
Ivan Braverman director, 10 percent owner, officer: Chief Financial Officer 1255 MCDONALD DRIVE, PRESCOTT AZ 86303
Prabaharan Subramaniam director, 10 percent owner, officer: CHIEF TECHNOLOGY OFFICER 2300 E. SAHARA AVENUE, SUITE 800, LAS VEGAS NV 89102