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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Synthesis Energy Systems's Goodwill for the quarter that ended in Dec. 2019 was $0.00 Mil. Synthesis Energy Systems's Total Assets for the quarter that ended in Dec. 2019 was $2.40 Mil.
Synthesis Energy Systems (OTCPK:SYNE) 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.
Synthesis Energy Systems Goodwill-to-Asset Related Terms
Synthesis Energy Systems 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.
SYNE vs SMGI, ALYE, FLSS: Goodwill-to-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Synthesis Energy Systems'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.
Synthesis Energy Systems Goodwill-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Synthesis Energy Systems's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Synthesis Energy Systems'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.
Synthesis Energy Systems (SYNE) has a Goodwill-to-Asset of 0.00 as of Dec. 2019. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Synthesis Energy Systems and its competitors.
Is Synthesis Energy Systems' Goodwill-to-Asset too high?
Synthesis Energy Systems' current Goodwill-to-Asset is 0.00. Overall, Synthesis Energy Systems has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Synthesis Energy Systems' Goodwill-to-Asset compare to SMGI and ALYE?
Synthesis Energy Systems' Goodwill-to-Asset of 0.00 can be compared against companies in the Oil & Gas 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 an Oil & Gas company?
A good Goodwill-to-Asset depends on the Oil & Gas 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 Synthesis Energy Systems and its competitors. Synthesis Energy Systems's current Goodwill-to-Asset is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synthesis Energy Systems stock overvalued right now?
Synthesis Energy Systems (SYNE) has a current Goodwill-to-Asset of 0.00. The current Goodwill-to-Asset is 0.00. Synthesis Energy Systems' overall GF Score™ is 12/100. 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 Synthesis Energy Systems (SYNE), the current Goodwill-to-Asset is 0.00 as of Dec. 2019. 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.
Synthesis Energy Systems Inc is a US-based clean energy company that develops, builds and owns clean energy projects. The company provides proprietary gasification technology systems and solutions to the energy and chemical industries. Its gasification technology is a flexible, efficient and economic technology used for the production of synthesis gas or syngas which is a mixture of hydrogen, carbon monoxide and methane. Business activities of the company include supplying its proprietary gasification technology, equipment, and services into projects where these lower cost feedstocks can be profitably converted into clean syngas, which can then be used to produce a variety of high-value energy and chemical products.
12GF Score
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