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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Stericycle's Goodwill for the quarter that ended in Mar. 2024 was $2,758 Mil. Stericycle's Total Assets for the quarter that ended in Mar. 2024 was $5,436 Mil. Therefore, Stericycle's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.51.
The historical data trend for Stericycle'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.
Stericycle Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.46 | 0.51 | 0.51 | 0.52 | 0.52 |
Stericycle 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 | 0.52 | 0.53 | 0.52 | 0.52 | 0.51 |
For the Waste Management subindustry, Stericycle'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.
For the Waste Management industry and Industrials sector, Stericycle's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Stericycle's Goodwill-to-Asset falls into.
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.
Stericycle'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 |
= | 2755.6 | / | 5352.6 | |
= | 0.51 |
Stericycle'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 |
= | 2758 | / | 5435.7 | |
= | 0.51 |
* 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.
Stericycle (NAS:SRCL) 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.
Thank you for viewing the detailed overview of Stericycle's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph Anthony Reuter | officer: EVP & Chief People Officer | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
Victoria L Dolan | director | C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022 |
Naren K Gursahaney | director | 1501 YAMATO ROAD, BOCA RATON FL 33431 |
White Stephen Cory | officer: EVP C&RS | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
Daniel Ginnetti | officer: Chief Financial Officer | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
David W. Stahl | officer: EVP and CIO | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
James L Welch | director | 5550 SW MACADAM AVENUE, SUITE 200, PORTLAND OR 97239 |
James J Martell | director | 314 RINGLING POINT DRIVE, SARASOTA FL 34234 |
Janet Zelenka | officer: EVP, Chief Financial Officer | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
Dominic Culotta | officer: EVP Engineering | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
Mark C Miller | officer: CEO | C/O STERICYCLE INC., 28161 N KEITH DRIVE, LAKE FOREST IL 60045 |
Stephen C Hooley | director | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
Hackney Jesse Joel Jr | director | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
William J. Seward | officer: EVP, Chief Commercial Officer | 28161 N. KEITH DRIVE, LAKE FOREST IL 60045 |
Richard Michael Moore | officer: EVP North America Operations | 2355 WAUKEGAN ROAD, BANNOCKBURN IL 60015 |
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