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Wuliangye Yibin Co (SZSE:000858) Intangible Assets : ¥2,660 Mil (As of Sep. 2024)


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What is Wuliangye Yibin Co Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Wuliangye Yibin Co's intangible assets for the quarter that ended in Sep. 2024 was ¥2,660 Mil.


Wuliangye Yibin Co Intangible Assets Historical Data

The historical data trend for Wuliangye Yibin Co'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.

Wuliangye Yibin Co Intangible Assets Chart

Wuliangye Yibin Co 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 411.78 435.23 558.02 520.14 2,058.49

Wuliangye Yibin Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 564.64 2,058.49 2,037.97 2,647.78 2,659.67

Wuliangye Yibin Co 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.


Wuliangye Yibin Co  (SZSE:000858) 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.


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Wuliangye Yibin Co Business Description

Traded in Other Exchanges
N/A
Address
No.150, Minjiang West Road, Cuiping District, Sichuan Province, Yibin, CHN, 644007
Wuliangye Yibin is China's second-largest baijiu producer by revenue, with sales of CNY 83 billion in 2023 compared with CNY 150 billion for Moutai. Founded in the 1950s, Wuliangye is located in Yibin, Sichuan province, in southwest China. Its core product, 52-degree Wuliangye, is widely known as the best rice-flavored baijiu in the market. The high-quality products, extensive history and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins.
Executives
Liu Feng Supervisors
Wu Guo Ping Supervisors
Tang Bo Chao Executives
Peng Zhi Fu Directors, executives
Yang Yun Xia Supervisors
Zhang Li Shang Independent director
Ye Wei Quan Executives
Zhang Hui Director
Fu Nan Ping Independent director
Yu Ming Shu Supervisors
Chen Lin Directors, executives
Tang Sheng Yun Executives
Zhu Zhong Yu Executives
Liu Zhong Guo Director
Peng Shao Bing Director

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