Dr. Ing. h.c. F. Porsche AG (MEX:P911) Intangible Assets : MXN200,574 Mil (As of Sep. 2024)

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What is Dr. Ing. h.c. F. Porsche AG Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Dr. Ing. h.c. F. Porsche AG's intangible assets for the quarter that ended in Sep. 2024 was MXN200,574 Mil.

Dr. Ing. h.c. F. Porsche AG Intangible Assets Historical Data

The historical data trend for Dr. Ing. h.c. F. Porsche 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.

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Dr. Ing. h.c. F. Porsche AG Intangible Assets Chart

Dr. Ing. h.c. F. Porsche AG Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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106,559.00

131,572.75

143,482.10

154,336.45

158,339.93

Dr. Ing. h.c. F. Porsche AG Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Intangible Assets	Get a 7-Day Free Trial												155,394.41	158,339.93	163,094.28	179,651.39	200,574.44

Dr. Ing. h.c. F. Porsche 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.

Dr. Ing. h.c. F. Porsche AG (MEX:P911) 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.

Dr. Ing. h.c. F. Porsche AG Intangible Assets Related Terms

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Dr. Ing. h.c. F. Porsche AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dr. Ing. h.c. F. Porsche AG (MEX:P911) » Definitions » Intangible Assets

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Traded in Other Exchanges

DRPRY:USA DRPRF:USA 1PORS:Italy 09II:UK P911d:UK P911:Germany P911:Austria

Address

Porscheplatz 1, Stuttgart, BW, DEU, 70435

Website

https://www.porsche.com

Porsche designs, engineers, and manufactures premium cars synonymous with its racing history heritage, engineering mastery, sporty design, and driving experience. Porsche is uniquely positioned in that its brand is associated with luxury. However, it produces cars on a much larger scale than its superluxury peers. Porsche sold 320,000 vehicles in 2023 at an average price of EUR 127,000. Europe, North America, mainland China including Hong Kong, and the rest of the world accounted for 34%, 30%, 24%, and 14% of revenue in 2023, respectively. Ninety-two percent of revenue is generated from the sale of cars and related services, with the remainder from its captive finance arm. Porsche's equity is tightly held with Volkswagen owning 75.4% and Porsche SE (the Porsche/Piëch family) owning 12.5%.

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