Reconnaissance Energy Africa (TSXV:RECO) Goodwill-to-Asset : 0.00 (As of Dec. 2023)

Reconnaissance Energy Africa Goodwill-to-Asset Chart

Reconnaissance Energy Africa Annual Data
	Trend	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Dec20
Goodwill-to-Asset		Get a 7-Day Free Trial					-	-	-	-	-

Reconnaissance Energy Africa Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Goodwill-to-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Reconnaissance Energy Africa's Goodwill-to-Asset

For the Oil & Gas E&P subindustry, Reconnaissance Energy Africa'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.

Reconnaissance Energy Africa's Goodwill-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Reconnaissance Energy Africa's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Reconnaissance Energy Africa's Goodwill-to-Asset falls into.

Reconnaissance Energy Africa 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.

Reconnaissance Energy Africa's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Reconnaissance Energy Africa's Goodwill to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.

Reconnaissance Energy Africa  (TSXV:RECO) 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.

Reconnaissance Energy Africa Goodwill-to-Asset Related Terms

Thank you for viewing the detailed overview of Reconnaissance Energy Africa's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Reconnaissance Energy Africa (TSXV:RECO) Business Description