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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Gulf Resources's goodwill for the quarter that ended in Sep. 2023 was $0.00 Mil.
The historical data trend for Gulf Resources's Goodwill 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.
Gulf Resources Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
Gulf Resources Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
Gulf Resources (NAS:GURE) Goodwill Explanation
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
Gulf Resources's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Goodwill-to-Asset (A: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 292.431 | |
= | 0.00 |
Gulf Resources's Goodwill-to-Asset Ratio for the quarter that ended in Sep. 2023 is calculated as
Goodwill-to-Asset (Q: Sep. 2023 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 278.893 | |
= | 0.00 |
* 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.
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Thank you for viewing the detailed overview of Gulf Resources's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Xiaobin Liu | director, officer: Chief Executive Officer | GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Naihui Miao | officer: COO and Secretary | GULF RESOURCES INC. NO.99, WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Min Li | director, officer: Chief Financial Officer | CHEMING INDUSTRIAL PARK UNIT, HAOYUAN CHEMICAL COMPANY LIMITED, SHOUGUANG CITY, SHAN F4 F4 262714 |
Tengfei Zhang | director | C/O GULF RESOURCES, INC. 99 WENCHANG RD., CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Shengwei Ma | director | LEVEL 11, VEGETABLE BUILDING, INDUSTRIAL PARK OF THE EAST CITY, SHOUGUANG CITY, SHANGDON PROVI F4 262700 |
Shitong Jiang | director | GULF RESOURCES, INC. NO.99 WENCHANG ROAD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY F4 262714 |
Yang Zou | director | C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Nan Li | director | C/O GULF RESOURCES, INC., 99 WENCHANG RD, CHENMING INDUSTRIAL PARK, SHOUGUANG CITY, SHANDONG F4 262714 |
Ming Yang | 10 percent owner | NO. 501 BO HAI ROAD, SHOUGUANG CITY, SHANDONG F4 262700 |
Weijie Chen | 10 percent owner | NORTH WEIGAO ROAD, LUOCHENG SUB-DISTRICT OFFICE, SHOUGUANG F4 262700 |
Hap Trading, Llc | 10 percent owner | 395 HUDSON STREET, SUITE 701, NEW YORK NY 10014 |
Vignolo Biagio M Jr | director | 1 WHITEHALL STREET, NEW YORK NY 10004 |
Richard Khaleel | director | 110 RIVERSIDE DRIVE, APT 3E, NEW YORK NY 10024 |
Shandong Haoyuan Industry Group Ltd | 10 percent owner | WO PU TOWN, QING HE OIL EXTRACTION PLANT, 2ND LIVING DISTRICT, SHOUGUANG CITY F4 51800 |
Wenxiang Yu | 10 percent owner | NO. 108 SHENG CHENG ROAD, BUILDING NO. 1, UNIT 3, ROOM 402, SHOUGUANG CITY, SHAN F4 262700 |
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