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Vermilion Energy (TSX:VET) Intangible Assets : C$0 Mil (As of Sep. 2024)


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What is Vermilion Energy Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Vermilion Energy's intangible assets for the quarter that ended in Sep. 2024 was C$0 Mil.


Vermilion Energy Intangible Assets Historical Data

The historical data trend for Vermilion Energy'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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Vermilion Energy Intangible Assets Chart

Vermilion Energy Annual Data
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Intangible Assets
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Vermilion Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Vermilion Energy 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.


Vermilion Energy  (TSX:VET) 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.


Vermilion Energy Intangible Assets Related Terms

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Vermilion Energy Business Description

Traded in Other Exchanges
Address
520 - 3rd Avenue South West, Suite 3500, Calgary, AB, CAN, T2P 0R3
Vermilion Energy Inc is an international oil and gas-producing company. It engages in full-cycle exploration and production programs that focus on the acquisition, exploration, development, and optimization of producing properties in North America, Europe, and Australia. The majority of Vermilion's revenue is derived from the production and sale of petroleum and natural gas. In each market, the company relies on a host of drilling and well-completion techniques to keep production at attractive levels. It derives a majority of its revenue from Canada.
Executives
Dion Hatcher Senior Officer
Kyle Preston Senior Officer
Terrance Gerald Hergott Senior Officer
Myron Maurice Stadnyk Director
Jenson Jit-chang Tan Senior Officer
Robert B. Michaleski Director
Lars William Glemser Senior Officer
Stephen Phillip Larke Director
Darcy Blake Kerwin Senior Officer
Bryce Kremnica Senior Officer
Averyl Schraven Senior Officer
Geoffrey Robert Macdonald Senior Officer
Yvonne Jeffery Senior Officer
William Roby Director
Robert John Engbloom Senior Officer