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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. Construction Partners's goodwill for the quarter that ended in Mar. 2024 was $181 Mil.
The historical data trend for Construction Partners'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.
Construction Partners Annual Data | |||||||||||||||||
Trend | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||
Goodwill | Get a 7-Day Free Trial | 38.55 | 46.35 | 85.42 | 129.47 | 159.27 |
Construction Partners Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Goodwill | Get a 7-Day Free Trial | 163.39 | 157.29 | 159.27 | 176.53 | 181.47 |
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.
Construction Partners (NAS:ROAD) 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.
Construction Partners's Goodwill-to-Asset Ratio for the fiscal year that ended in Sep. 2023 is calculated as
Goodwill-to-Asset (A: Sep. 2023 ) | = | Goodwill | / | Total Assets |
= | 159.27 | / | 1219.665 | |
= | 0.13 |
Construction Partners's Goodwill-to-Asset Ratio for the quarter that ended in Mar. 2024 is calculated as
Goodwill-to-Asset (Q: Mar. 2024 ) | = | Goodwill | / | Total Assets |
= | 181.47 | / | 1313.4 | |
= | 0.14 |
* 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 Construction Partners's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Suntx Capital Ii Management Corp. | director, 10 percent owner | 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
Craig Jennings | director, 10 percent owner | 5204 LAKECREET CT., PLANO TX 75093 |
Mark R Matteson | director, 10 percent owner | 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303 |
Suntx Cpi Capital Management Corp. | director, 10 percent owner | 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
Fleming Ned N. Iv | other: Member of 10% owner group | 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
Ned N. Fleming, Iv 2013 Trust | other: Member of 10% owner group | 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
John L Harper | officer: Senior Vice President | 170 EAST MAIN STREET, DOTHAN AL 36301 |
Noreen E Skelly | director | 8214 WESTCHESTER DRIVE, SUITE 400, DALLAS TX 75225 |
Stefan L Shaffer | director | 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303 |
Suntx Capital Partners Ii Lp | director, 10 percent owner | TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
Suntx Capital Partners Ii Dutch Investors Lp | director, 10 percent owner | TWO LINCOLN CENTRE, 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75240 |
Suntx Cpi Expansion Fund Gp, L.p. | director, 10 percent owner | 5420 LBJ FREEWAY, SUITE 1000, DALLAS TX 75214 |
Gregory A Hoffman | officer: Senior VP, Finance | 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303 |
Judson Ryan Brooks | officer: Senior Vice President, Legal | 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303 |
Charles E Owens | director, officer: See Remarks | 290 HEALTHWEST DRIVE, SUITE 2, DOTHAN AL 36303 |
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