ACAGF (Arcandor AG) Intangible Assets: $6,708 Mil (As of Sep. 2008)

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What is Arcandor AG Intangible Assets?

Arcandor AG ACAGF Intangible Assets is $6,708 Mil as of Sep. 2008.

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Arcandor AG's intangible assets for the quarter that ended in Sep. 2008 was $6,708 Mil.

Arcandor AG  (OTCPK:ACAGF) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Arcandor AG Intangible Assets Related Terms

Arcandor AG Intangible Assets Historical Data

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The historical data trend for Arcandor AG's Intangible Assets 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.

Arcandor AG Intangible Assets Chart

Arcandor AG Annual Data
Trend Dec02 Dec03 Dec04 Dec05 Dec06 Sep07 Sep08
Intangible Assets
Get a 7-Day Free Trial 1,475.85 1,310.59 1,285.65 6,269.36 6,708.25

Arcandor AG Semi-Annual Data
Dec02 Dec03 Dec04 Dec05 Dec06 Sep08
Intangible Assets Get a 7-Day Free Trial 676.10 1,475.85 1,310.59 1,285.65 6,708.25

Arcandor AG Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Frequently Asked Questions Learn more about Intangible Assets →
What does a Intangible Assets of $6,708 Mil mean?
Arcandor AG (ACAGF) has a Intangible Assets of $6,708 Mil as of Sep. 2008. Intangible assets include patents, goodwill and trade secrets. View historical data on Arcandor AG and its competitors.
Is Arcandor AG's Intangible Assets too high?
Arcandor AG's current Intangible Assets is $6,708 Mil.
How does Arcandor AG's Intangible Assets compare to ?
Arcandor AG's Intangible Assets of $6,708 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intangible Assets for a Retail - Cyclical company?
A good Intangible Assets depends on the Retail - Cyclical industry context. However, Intangible Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intangible Assets mean?
A high Intangible Assets can signal that a stock is expensive relative to its fundamentals. Intangible assets include patents, goodwill and trade secrets. View historical data on Arcandor AG and its competitors. Arcandor AG's current Intangible Assets is $6,708 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcandor AG stock overvalued right now?
Arcandor AG (ACAGF) has a current Intangible Assets of $6,708 Mil. The current Intangible Assets is $6,708 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intangible Assets calculated?
Intangible Assets is calculated from a company's financial statements. For Arcandor AG (ACAGF), the current Intangible Assets is $6,708 Mil as of Sep. 2008. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Arcandor AG Business Description

Comparable Companies
Address Arcandor AG, Theodor-althoff-strac E 2, Essen, DEU, 45133
Arcandor AG is in insolvency. Arcandor was a German handels and tourism company, with the divisions Karstadt, mail-order operation (Primondo) and Thomas Cook.