SMS Electric Co Zhengzhou (SZSE:002857) Goodwill-to-Asset : 0.00 (As of Mar. 2024)

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What is SMS Electric Co Zhengzhou Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. SMS Electric Co Zhengzhou's Goodwill for the quarter that ended in Mar. 2024 was ¥0.0 Mil. SMS Electric Co Zhengzhou's Total Assets for the quarter that ended in Mar. 2024 was ¥711.2 Mil. Therefore, SMS Electric Co Zhengzhou's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.00.

SMS Electric Co Zhengzhou Goodwill-to-Asset Historical Data

The historical data trend for SMS Electric Co Zhengzhou'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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SMS Electric Co Zhengzhou Goodwill-to-Asset Chart

SMS Electric Co Zhengzhou Annual Data

Trend

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Dec23

Goodwill-to-Asset

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SMS Electric Co Zhengzhou Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Competitive Comparison of SMS Electric Co Zhengzhou's Goodwill-to-Asset

For the Scientific & Technical Instruments subindustry, SMS Electric Co Zhengzhou'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.

SMS Electric Co Zhengzhou's Goodwill-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SMS Electric Co Zhengzhou's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where SMS Electric Co Zhengzhou's Goodwill-to-Asset falls into.

SMS Electric Co Zhengzhou 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.

SMS Electric Co Zhengzhou'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	/	772.365
	=	0.00

SMS Electric Co Zhengzhou'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	/	711.222
	=	0.00

SMS Electric Co Zhengzhou (SZSE:002857) 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.

SMS Electric Co Zhengzhou Goodwill-to-Asset Related Terms

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SMS Electric Co Zhengzhou (SZSE:002857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SMS Electric Co Ltd Zhengzhou (SZSE:002857) » Definitions » Goodwill-to-Asset

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Traded in Other Exchanges

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Address

SMS Industrial Park at No. 85 Fifth Avenue, Economic and Technical Development Zone, Zhengzhou, CHN, 450016

Website

http://www.cnsms.com

SMS Electric Co Ltd Zhengzhou is engaged in the research, design, producing and sale of electricity metering instrument in China. It offers testing automation products, energy meter terminals, standard test devices, portable meter test systems, simulation equipment, and transformers.

Executives

Yu Yi Zhou	Directors, executives
Wang Hong	Directors, executives

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