Jiajia Food Group Co (SZSE:002650) Goodwill-to-Asset : 0.00 (As of Mar. 2024)

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What is Jiajia Food Group Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Jiajia Food Group Co's Goodwill for the quarter that ended in Mar. 2024 was ¥0 Mil. Jiajia Food Group Co's Total Assets for the quarter that ended in Mar. 2024 was ¥2,723 Mil. Therefore, Jiajia Food Group Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.00.

Jiajia Food Group Co Goodwill-to-Asset Historical Data

The historical data trend for Jiajia Food Group Co'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.

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Jiajia Food Group Co Goodwill-to-Asset Chart

Jiajia Food Group Co Annual Data

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Goodwill-to-Asset

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Jiajia Food Group Co Quarterly Data
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Competitive Comparison of Jiajia Food Group Co's Goodwill-to-Asset

For the Packaged Foods subindustry, Jiajia Food Group Co'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.

Jiajia Food Group Co's Goodwill-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jiajia Food Group Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Jiajia Food Group Co's Goodwill-to-Asset falls into.

Jiajia Food Group Co 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.

Jiajia Food Group Co'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
	=	0	/	2666.768
	=	0.00

Jiajia Food Group Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Goodwill to Asset (Q: Mar. 2024 )	=	Goodwill	/	Total Assets
	=	0	/	2722.994
	=	0.00

Jiajia Food Group Co (SZSE:002650) 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.

Jiajia Food Group Co Goodwill-to-Asset Related Terms

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Jiajia Food Group Co (SZSE:002650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jiajia Food Group Co Ltd (SZSE:002650) » Definitions » Goodwill-to-Asset

Traded in Other Exchanges

N/A

Address

Chezhan Road, Ningxiang County Economic, Changsha, CHN, 410600

Website

http://www.jiajiagroup.com

Jiajia Food Group Co Ltd is a food manufacturing company based in China. The company is primarily engaged in the research and development, production and marketing of various types of seasonings and edible oil. Its product offering includes soy sauces, tea oils, edible oils, compound seasoning products and hot pot sauces.

Executives

Liu Yong Jiao	Directors, executives
Chen Bo Qiu	Executives
Xiao Sai Ping	Director
Yang Zhen	Directors, executives
Song Xiang Qian	Director

Jiajia Food Group Co (SZSE:002650) Headlines

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