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Daiki Aluminium Industry Co (TSE:5702) Goodwill-to-Asset : 0.00 (As of Sep. 2024)


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What is Daiki Aluminium Industry Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Daiki Aluminium Industry Co's Goodwill for the quarter that ended in Sep. 2024 was 円0 Mil. Daiki Aluminium Industry Co's Total Assets for the quarter that ended in Sep. 2024 was 円160,274 Mil. Therefore, Daiki Aluminium Industry Co's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 was 0.00.


Daiki Aluminium Industry Co Goodwill-to-Asset Historical Data

The historical data trend for Daiki Aluminium Industry 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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Daiki Aluminium Industry Co Goodwill-to-Asset Chart

Daiki Aluminium Industry Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Goodwill-to-Asset
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Daiki Aluminium Industry Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Daiki Aluminium Industry Co's Goodwill-to-Asset

For the Aluminum subindustry, Daiki Aluminium Industry 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.


Daiki Aluminium Industry Co's Goodwill-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Daiki Aluminium Industry Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Daiki Aluminium Industry Co's Goodwill-to-Asset falls into.



Daiki Aluminium Industry 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.

Daiki Aluminium Industry Co's Goodwill to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Goodwill to Asset (A: Mar. 2024 )=Goodwill/Total Assets
=0/138679
=0.00

Daiki Aluminium Industry Co's Goodwill to Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

Goodwill to Asset (Q: Sep. 2024 )=Goodwill/Total Assets
=0/160274
=0.00

* 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.


Daiki Aluminium Industry Co  (TSE:5702) 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.


Daiki Aluminium Industry Co Goodwill-to-Asset Related Terms

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Daiki Aluminium Industry Co Business Description

Traded in Other Exchanges
Address
Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001
Daiki Aluminium Industry Co Ltd engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

Daiki Aluminium Industry Co Headlines

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