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SNOW (Snowflake) Goodwill-to-Asset : 0.12 (As of Oct. 2024)


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What is Snowflake Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Snowflake's Goodwill for the quarter that ended in Oct. 2024 was $991 Mil. Snowflake's Total Assets for the quarter that ended in Oct. 2024 was $8,202 Mil. Therefore, Snowflake's Goodwill to Asset Ratio for the quarter that ended in Oct. 2024 was 0.12.


Snowflake Goodwill-to-Asset Historical Data

The historical data trend for Snowflake'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.

Snowflake Goodwill-to-Asset Chart

Snowflake Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Goodwill-to-Asset
Get a 7-Day Free Trial 0.01 - - 0.09 0.12

Snowflake Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 0.11 0.12 0.13 0.14 0.12

Competitive Comparison of Snowflake's Goodwill-to-Asset

For the Software - Application subindustry, Snowflake'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.


Snowflake's Goodwill-to-Asset Distribution in the Software Industry

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

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



Snowflake 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.

Snowflake's Goodwill to Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Goodwill to Asset (A: Jan. 2024 )=Goodwill/Total Assets
=975.91/8223.383
=0.12

Snowflake's Goodwill to Asset Ratio for the quarter that ended in Oct. 2024 is calculated as

Goodwill to Asset (Q: Oct. 2024 )=Goodwill/Total Assets
=990.67/8202.258
=0.12

* 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.


Snowflake  (NYSE:SNOW) 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.


Snowflake Goodwill-to-Asset Related Terms

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Snowflake Business Description

Address
106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that went public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to buy and ingest data, while its data solutions can be hosted on various public clouds.
Executives
Christian Kleinerman officer: SVP, Product Management 106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Frank Slootman director, 10 percent owner, officer: CEO and Chairman 106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Christopher William Degnan officer: Chief Revenue Officer 450 CONCAR DRIVE, SAN MATEO CA 94402
Benoit Dageville director, 10 percent owner, officer: President of Products 450 CONCAR DRIVE, SAN MATEO CA 94402
Teresa Briggs director 2225 LAWSON LANE, SANTA CLARA CA 95054
Grzegorz Czajkowski officer: SVP, Engineering and Support 106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Michael L Speiser director, 10 percent owner 755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005
Mark D Mclaughlin director C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Michael Scarpelli 10 percent owner, officer: Chief Financial Officer 106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
John Dennis Mcmahon director C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Stephen B Burke director 41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023
Jeremy Burton director C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Mark Garrett director 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Sequoia Grove Manager, Llc 10 percent owner SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc 10 percent owner SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025