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Nobility Homes (Nobility Homes) Goodwill-to-Asset : 0.00 (As of Jul. 2023)


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What is Nobility Homes Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Nobility Homes's Goodwill for the quarter that ended in Jul. 2023 was $0.00 Mil. Nobility Homes's Total Assets for the quarter that ended in Jul. 2023 was $63.06 Mil. Therefore, Nobility Homes's Goodwill to Asset Ratio for the quarter that ended in Jul. 2023 was 0.00.


Nobility Homes Goodwill-to-Asset Historical Data

The historical data trend for Nobility Homes'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.

* Premium members only.

Nobility Homes Goodwill-to-Asset Chart

Nobility Homes Annual Data
Trend Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22
Goodwill-to-Asset
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Nobility Homes Quarterly Data
Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23
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Competitive Comparison of Nobility Homes's Goodwill-to-Asset

For the Residential Construction subindustry, Nobility Homes'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.


Nobility Homes's Goodwill-to-Asset Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Nobility Homes's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Nobility Homes's Goodwill-to-Asset falls into.



Nobility Homes Goodwill-to-Asset Calculation

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.

Nobility Homes's Goodwill to Asset Ratio for the fiscal year that ended in Oct. 2022 is calculated as

Goodwill to Asset (A: Oct. 2022 )=Goodwill/Total Assets
=0/62.361
=0.00

Nobility Homes's Goodwill to Asset Ratio for the quarter that ended in Jul. 2023 is calculated as

Goodwill to Asset (Q: Jul. 2023 )=Goodwill/Total Assets
=0/63.057
=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.


Nobility Homes  (OTCPK:NOBH) 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.


Nobility Homes Goodwill-to-Asset Related Terms

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Nobility Homes (Nobility Homes) Business Description

Traded in Other Exchanges
N/A
Address
3741 South west 7th Street, Ocala, FL, USA, 34474
Nobility Homes Inc focuses on designing, manufacturing, and selling manufactured and modular homes through its own retail sales centers across Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company's homes are sold as unfurnished dwellings ready for permanent occupancy. The company recognizes revenue from retail sales of new manufactured homes, the sale of the repurchased homes upon transfer of title to the new purchaser, and revenues from its independent dealers.
Executives
Terry Earl Trexler director, 10 percent owner, officer: President and CEO P O BOX 240, JACKSONVILLE FL 32201
Terry E. Trexler Revocable Trust 10 percent owner 3741 S.W. 7TH STREET, OCALA FL 34474
Thomas W Trexler director, officer: Executive Vice President
Terry E. Trexler Irrevocable Trust 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Kay Charlton 10 percent owner 222 SOUTH PENNSYLVANIA AVE., SUITE 200, WINTER PARK FL 32789
Lynn J Cramer officer: Treasurer (Chief Acctg. Off.)
Jean Etheredge officer: Secretary
Edward C Sims officer: Vice President