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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. NTN Buzztime's intangible assets for the quarter that ended in Dec. 2020 was $1.36 Mil.
The historical data trend for NTN Buzztime'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.
NTN Buzztime Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1.94 | 2.46 | 2.69 | 2.61 | 1.36 |
NTN Buzztime Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | |
Intangible Assets | Get a 7-Day Free Trial | 2.61 | 1.75 | 1.52 | 1.42 | 1.36 |
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.
NTN Buzztime (AMEX:NTN) 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 NTN Buzztime's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Sandra M Gurrola | officer: SVP of Finance | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
Allen Wolff | director, officer: CEO | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
Robert S Ellin | 10 percent owner | 4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010 |
Jeffrey Alan Berg | 10 percent owner | 5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008 |
Richard Isaac Simtob | director | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
Michael Gottlieb | director | 1800 ASTON AVE., SUITE 100, CARLSBAD CA 92008 |
Susan Elaine Miller | director | 1800 ASTON AVE., SUITE 100, CARLSBAD CA 92008 |
Ram Krishnan | director, officer: CEO | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
Steve Mitgang | director | 5966 LA PLACE COURT, SUITE 100, CARLSBAD CA 92008 |
Paul Yanover | director | 2725 LAUREL PASS, LOS ANGELES CA 90046 |
Gregory Matthew Thomas | director | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
Awm Investment Company, Inc. | 10 percent owner | 527 MADISON AVENUE, SUITE 2600, NEW YORK NY 10022 |
Tony Uphoff | director | 2231 RUTHERFORD RD, STE. 200, CARLSBAD CA 92008 |
Mary Beth Lewis | director | 5966 LA PLACE COURT, #100, CARLSBAD CA 92008 |
Dave Brian Miller | officer: SVP Marketing | 2231 RUTHERFORD ROAD, SUITE 200, CARLSBAD CA 92008 |
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