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iLearningEngines (iLearningEngines) Intangible Assets : $0.0 Mil (As of Jun. 2023)


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What is iLearningEngines Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. iLearningEngines's intangible assets for the quarter that ended in Jun. 2023 was $0.0 Mil.

iLearningEngines Intangible Assets Historical Data

The historical data trend for iLearningEngines'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.

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iLearningEngines Intangible Assets Chart

iLearningEngines Annual Data
Trend Dec20 Dec21 Dec22
Intangible Assets
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iLearningEngines Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
Intangible Assets - - - - -

iLearningEngines 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.

iLearningEngines  (NAS:AILE) 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.

iLearningEngines Intangible Assets Related Terms

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iLearningEngines (iLearningEngines) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » iLearningEngines Inc (NAS:AILE) » Definitions » Intangible Assets
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Address
6701 Democracy Boulevard, Suite 300, Bethesda, MD, USA, 20817
Website
https://www.ilearningengines.com
iLearningEngines Inc is an AI and automation platform that empowers its customers to productize their institutional knowledge by transforming it into actionable intellectual property that enhances outcomes for employees, customers and other stakeholders. Its platform enables enterprises to build intelligent Knowledge Clouds that incorporate large volumes of structured and unstructured information across disparate internal and external systems and to automate organizational processes that leverage these Knowledge Clouds to improve performance. The company combines its offerings with vertically focused capabilities and data models to operationalize AI and automation to effectively and efficiently address critical challenges facing its customers.