GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hengtou Securities (HKSE:01476) » Definitions » Intangible Assets

Hengtou Securities (HKSE:01476) Intangible Assets : HK$213 Mil (As of Jun. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Hengtou Securities Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Hengtou Securities's intangible assets for the quarter that ended in Jun. 2024 was HK$213 Mil.


Hengtou Securities Intangible Assets Historical Data

The historical data trend for Hengtou Securities'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.

* Premium members only.

Hengtou Securities Intangible Assets Chart

Hengtou Securities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intangible Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 192.99 227.19 243.34 228.41 232.13

Hengtou Securities Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Intangible Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 207.45 228.41 199.74 232.13 212.68

Hengtou Securities 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.


Hengtou Securities  (HKSE:01476) 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.


Hengtou Securities Intangible Assets Related Terms

Thank you for viewing the detailed overview of Hengtou Securities's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Hengtou Securities Business Description

Traded in Other Exchanges
N/A
Address
No. 83 Deshengmenwai Street, 3rd, 4th and 12th Floor, Building B, Desheng International Center, Xicheng District, Beijing, CHN, 100033
Hengtou Securities Formerly Hengtai Securities Co Ltd offers financial products and services to individuals, corporations, financial institutions, and government entities. The company's operating segment includes Brokerage and wealth management; Investment banking; Proprietary trading; Investment Management and Others. It generates maximum revenue from the Brokerage and wealth management segment. The brokerage and wealth management segment engaged in the trading of stocks, funds, bonds, and futures on behalf of the clients, and also providing investment and financing solutions to high-end, professional, and institutional clients. In addition, the sale of financial products, margin financing, and securities lending.
Executives
G-resources Group Limited 2201 Interest of corporation controlled by you
Guo Tai Ji Jin Guan Li You Xian Gong Si

Hengtou Securities Headlines

No Headlines