GMM (Global Mofy AI) Intangible Assets : $28.75 Mil (As of Mar. 2024)

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What is Global Mofy AI Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Global Mofy AI's intangible assets for the quarter that ended in Mar. 2024 was $28.75 Mil.

Global Mofy AI Intangible Assets Historical Data

The historical data trend for Global Mofy AI'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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Global Mofy AI Intangible Assets Chart

Global Mofy AI Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Intangible Assets

6.51

Global Mofy AI Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Intangible Assets	Get a 7-Day Free Trial			-	-	0.96	6.51	28.75

Global Mofy AI 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.

Global Mofy AI (NAS:GMM) 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.

Global Mofy AI Intangible Assets Related Terms

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Global Mofy AI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy AI Ltd (NAS:GMM) » Definitions » Intangible Assets

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Traded in Other Exchanges

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Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

https://ir.globalmofy.cn

Global Mofy AI Ltd, formerly Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.