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Suntrade Group AB (STU:8LU) Goodwill-to-Asset : 0.44 (As of Nov. 2024)


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What is Suntrade Group AB Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Suntrade Group AB's Goodwill for the quarter that ended in Nov. 2024 was €0.48 Mil. Suntrade Group AB's Total Assets for the quarter that ended in Nov. 2024 was €1.10 Mil. Therefore, Suntrade Group AB's Goodwill to Asset Ratio for the quarter that ended in Nov. 2024 was 0.44.


Suntrade Group AB Goodwill-to-Asset Historical Data

The historical data trend for Suntrade Group AB'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.

Suntrade Group AB Goodwill-to-Asset Chart

Suntrade Group AB Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 - - - -

Suntrade Group AB Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 - - - - 0.44

Competitive Comparison of Suntrade Group AB's Goodwill-to-Asset

For the Chemicals subindustry, Suntrade Group AB'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.


Suntrade Group AB's Goodwill-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Suntrade Group AB's Goodwill-to-Asset distribution charts can be found below:

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



Suntrade Group AB 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.

Suntrade Group AB's Goodwill to Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

Goodwill to Asset (A: Aug. 2024 )=Goodwill/Total Assets
=0/0.01
=

Suntrade Group AB's Goodwill to Asset Ratio for the quarter that ended in Nov. 2024 is calculated as

Goodwill to Asset (Q: Nov. 2024 )=Goodwill/Total Assets
=0.477/1.095
=0.44

* 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.


Suntrade Group AB  (STU:8LU) 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.


Suntrade Group AB Goodwill-to-Asset Related Terms

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Suntrade Group AB Business Description

Traded in Other Exchanges
Address
Sven Hultins gata 9C, Goteborg, SWE, 412 58
Suntrade Group AB Formerly Taurus Energy AB is engaged in a commercial development project involving ethanol production from forestry and agricultural waste. Its product includes XyloFerm a robust prototrophic yeast strain for producing ethanol from C6 and xylose streams. Its products are marketed and distributed in United States by Lallemand Biofuels & Distilled Spirits.

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