Shanghai Yongli Belting Co (SZSE:300230) Goodwill-to-Asset : 0.04 (As of Mar. 2024)

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What is Shanghai Yongli Belting Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Shanghai Yongli Belting Co's Goodwill for the quarter that ended in Mar. 2024 was ¥159 Mil. Shanghai Yongli Belting Co's Total Assets for the quarter that ended in Mar. 2024 was ¥4,177 Mil. Therefore, Shanghai Yongli Belting Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.04.

Shanghai Yongli Belting Co Goodwill-to-Asset Historical Data

The historical data trend for Shanghai Yongli Belting 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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Shanghai Yongli Belting Co Goodwill-to-Asset Chart

Shanghai Yongli Belting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Goodwill-to-Asset

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0.21

0.05

0.04

Shanghai Yongli Belting Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Goodwill-to-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.04	0.04

Competitive Comparison of Shanghai Yongli Belting Co's Goodwill-to-Asset

For the Auto Parts subindustry, Shanghai Yongli Belting 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.

Shanghai Yongli Belting Co's Goodwill-to-Asset Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Yongli Belting Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Shanghai Yongli Belting Co's Goodwill-to-Asset falls into.

Shanghai Yongli Belting 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.

Shanghai Yongli Belting 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
	=	159.8	/	4223.059
	=	0.04

Shanghai Yongli Belting 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
	=	158.99	/	4177.108
	=	0.04

Shanghai Yongli Belting Co (SZSE:300230) 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.

Shanghai Yongli Belting Co Goodwill-to-Asset Related Terms

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Shanghai Yongli Belting Co (SZSE:300230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shanghai Yongli Belting Co Ltd (SZSE:300230) » Definitions » Goodwill-to-Asset

Traded in Other Exchanges

N/A

Address

West of Xuhua Road, Xujing Town, Qingpu District, Shanghai, CHN

Website

http://www.yonglibelt.com

Shanghai Yongli Belting Co Ltd is mainly engaged in the research and development, production and sale of various types of light conveyor belts. Its main products are divided into two categories: light conveyor belts and precision molding products. Its products include polyvinyl chloride belts, oil resistant PVC belts, PVC treadmill belts, felt belts, hytrel belts, and silicone belts.

Executives

Huang Xiao Dong	Director
Yun Li Ming	Directors, executives
Jiang Feng	Executives
Shi Pei Hao	Director
Wang Yi Yi	Executives
Chen Zhi Liang	Supervisors
Yang Zhen Ping	Supervisors
Yu Cheng Lei	Directors, executives
Zhang Wei	Directors, executives

Shanghai Yongli Belting Co (SZSE:300230) Headlines

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