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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Mars Acquisition's intangible assets for the quarter that ended in Jun. 2024 was $0.00 Mil.
The historical data trend for Mars Acquisition'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.
Mars Acquisition Annual Data | |||||||
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Mars Acquisition Quarterly Data | |||||||||||
Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Intangible Assets | Get a 7-Day Free Trial |
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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.
Mars Acquisition (NAS:MARX) 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.
Thank you for viewing the detailed overview of Mars Acquisition's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Yenyou Zheng | director | 1055 WEST HASTINGS STREET, SUITE 1980, VANCOUVER A1 V6E 2E9 |
Xin He | director | 32000 AURORA ROAD, SUITE B, SOLON OH 44139 |
James M. Jenkins | director | 1600 BAUSCH & LOMB PLACE, ROCHESTER NY 14604 |
Karl Brenza | director | 26 CHERRY STREET, KATONAH NY 10536 |
Yang Liu | director | 59 FREDERICKS ST, WEST ORANGE NJ 07052 |
Shanchun Huang | director | PUDONG BUILDING, 2ND FLOOR,, JIULONG AVENUE, LONGWEN DISTRICT, ZHANGZHOU F4 363000 |
Xiaochen Zhao | director | 1177 AVENUE OF THE AMERICAS, SUITE 5100, NEW YORK NY 10036 |
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