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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Quantum's intangible assets for the quarter that ended in Jun. 2023 was $16.8 Mil.
The historical data trend for Quantum'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.
Quantum Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | 8.50 | 22.55 | 17.91 |
Quantum Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Intangible Assets | Get a 7-Day Free Trial | 21.39 | 20.21 | 19.47 | 17.91 | 16.77 |
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.
Quantum (NAS:QMCO) 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 Quantum's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian E Cabrera | officer: Chief Legal & Ofcr; Corp Secy | CALLIDUS SOFTWARE INC., 160 W. SANTA CLARA STREET, SUITE 1500, SAN JOSE CA 95113 |
James J Lerner | director, officer: Pres. & CEO, Chairman of Board | C/O SEAGATE TECHNOLOGY PLC, 10200 S. DEANZA BLVD., CUPERTINO CA 95014 |
Laura A. Nash | officer: Chief Accounting Officer | C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110 |
John Hurley | officer: Chief Revenue Officer | 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110 |
Kenneth P. Gianella | officer: Chief Financial Officer | C/O SILVER SPRING NETWORKS, INC., 230 W. TASMAN DRIVE, SAN JOSE CA 95134 |
Hugues Meyrath | director | 1745 TECHNOLOGY DRIVE, SAN JOSE CA 95110 |
Don Jaworksi | director | 224 AIRPORT PARKWAY SUITE 550, C/O QUANTUM CORPORATION, SAN JOSE CA 95110 |
Lewis W. Moorehead | officer: Chief Accounting Officer | 1 BROADWAY, 14TH FLOOR, CAMBRIDGE MA 02142 |
J Michael Dodson | officer: Senior Vice President, CFO | 1220 N. SIMON CIRCLE, ANAHEIM CA 92806 |
Christopher D. Neumeyer | director | 224 AIRPORT PARKWAY SUITE 550, SAN JOSE CA 95110 |
Pacific Investment Management Co Llc | 10 percent owner | 650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660 |
Yue Zhou White | director | C/O QUANTUM CORPORATION, 224 AIRPORT PARKWAY, SUITE 550, SAN JOSE CA 95110 |
Marc E Rothman | director | 1303 E ALGONQUIN ROAD, SCHAUMBURG X1 60196 |
Raghavendra Rau | director | C/O XPERI HOLDING CORPORATION, 3025 ORCHARD PARKWAY, SAN JOSE CA 95134 |
John Fichthorn | director | C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004 |
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