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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Energy Services of America's Goodwill for the quarter that ended in Mar. 2024 was $4.1 Mil. Energy Services of America's Total Assets for the quarter that ended in Mar. 2024 was $136.1 Mil. Therefore, Energy Services of America's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.03.
The historical data trend for Energy Services of America's Goodwill-to-Asset 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.
Energy Services of America Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Goodwill-to-Asset | Get a 7-Day Free Trial | - | - | 0.03 | 0.04 | 0.03 |
Energy Services of America Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Goodwill-to-Asset | Get a 7-Day Free Trial | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 |
For the Engineering & Construction subindustry, Energy Services of America's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Construction industry and Industrials sector, Energy Services of America's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where Energy Services of America's Goodwill-to-Asset falls into.
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.
Energy Services of America'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 |
= | 4.09 | / | 142.509 | |
= | 0.03 |
Energy Services of America'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 |
= | 4.09 | / | 136.116 | |
= | 0.03 |
* 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.
Energy Services of America (NAS:ESOA) Goodwill-to-Asset Explanation
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 Energy Services of America's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Frank S Lucente | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Douglas V Reynolds | 10 percent owner | 900 OLD FREEPORT ROAD, PITTSBURGH PA 15238 |
Patrick J Farrell | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Marshall T Reynolds | director, 10 percent owner, officer: Chairman, CEO and Secretary | 2450 FIRST AVENUE, HUNTINGTON WV 25704 |
Mark Prince | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Joseph L Williams | director | 2450 FIRST AVENUE, HUNTINGTON WV 25703 |
Brian Pratt | 10 percent owner | 5950 BERKSHIRE LANE, SUITE 800, DALLAS TX 75225 |
Amy E Abraham | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Riddle Robert Neil Jr | officer: Chief Operating Officer | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Samuel G Kapourales | director | C/O ENERGY SERVICES OF AMERICA CORP., 75 WEST 3RD AVE., HUNTINGTON WV 25701 |
Bruce H. Elliott | director | 100 INDUSTRIAL LANE, HUNTINGTON WV 25702 |
Daniel Mannes | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Keith F Molihan | director | 533 TOWNSHIP RAOD 1185, IRONTON OH 45638 |
Charles Abraham | director | 75 WEST 3RD AVENUE, HUNTINGTON WV 25701 |
Nester S Logan | director | 823 EIGHTH STREET, HUNTINGTON WV 25701 |
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