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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Solar Integrated Roofing's Goodwill for the quarter that ended in Sep. 2022 was $62.05 Mil. Solar Integrated Roofing's Total Assets for the quarter that ended in Sep. 2022 was $153.69 Mil.
Therefore, Solar Integrated Roofing's Goodwill to Asset Ratio for the quarter that ended in Sep. 2022 was 0.40.
Solar Integrated Roofing (OTCPK:SIRC) 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.
Solar Integrated Roofing Goodwill-to-Asset Related Terms
Solar Integrated Roofing Goodwill-to-Asset Historical Data
* 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.
For the Solar subindustry, Solar Integrated Roofing'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.
Solar Integrated Roofing Goodwill-to-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Solar Integrated Roofing's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Solar Integrated Roofing's Goodwill-to-Asset falls into.
* 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.
Solar Integrated Roofing (SIRC) has a Goodwill-to-Asset of 0.40 as of Sep. 2022. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Solar Integrated Roofing and its competitors.
Is Solar Integrated Roofing's Goodwill-to-Asset too high?
Solar Integrated Roofing's current Goodwill-to-Asset is 0.40.
How does Solar Integrated Roofing's Goodwill-to-Asset compare to YGEHY and BSRC?
Solar Integrated Roofing's Goodwill-to-Asset of 0.40 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Goodwill-to-Asset for a Semiconductors company?
A good Goodwill-to-Asset depends on the Semiconductors industry context. However, Goodwill-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Solar Integrated Roofing and its competitors. Solar Integrated Roofing's current Goodwill-to-Asset is 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solar Integrated Roofing stock overvalued right now?
Solar Integrated Roofing (SIRC) has a current Goodwill-to-Asset of 0.40. The current Goodwill-to-Asset is 0.40. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Solar Integrated Roofing (SIRC), the current Goodwill-to-Asset is 0.40 as of Sep. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Solar Integrated Roofing Corp is an integrated, single-source solar power, EV (Electric Vehicle) charging, microgrids and roofing systems installation company providing products and services to government, commercial and residential facilities, and properties. The company has segments namely: Solar Residential; Solar Commercial; Roofing Construction; EV Charging; and Supplemental. It derives maximum revenue from Solar Commercial Segment.
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