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Jiayou International Logistics Co (SHSE:603871) Goodwill-to-Asset : 0.03 (As of Mar. 2024)


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What is Jiayou International Logistics Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Jiayou International Logistics Co's Goodwill for the quarter that ended in Mar. 2024 was ¥208 Mil. Jiayou International Logistics Co's Total Assets for the quarter that ended in Mar. 2024 was ¥6,856 Mil. Therefore, Jiayou International Logistics Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.03.


Jiayou International Logistics Co Goodwill-to-Asset Historical Data

The historical data trend for Jiayou International Logistics Co'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.

Jiayou International Logistics Co Goodwill-to-Asset Chart

Jiayou International Logistics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 0.06 0.05 0.04 0.03

Jiayou International Logistics Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.03 0.03 0.03

Competitive Comparison of Jiayou International Logistics Co's Goodwill-to-Asset

For the Integrated Freight & Logistics subindustry, Jiayou International Logistics Co'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.


Jiayou International Logistics Co's Goodwill-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jiayou International Logistics Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Jiayou International Logistics Co's Goodwill-to-Asset falls into.



Jiayou International Logistics Co 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.

Jiayou International Logistics Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=208.37/6467.458
=0.03

Jiayou International Logistics Co'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
=208.37/6855.984
=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.


Jiayou International Logistics Co  (SHSE:603871) 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.


Jiayou International Logistics Co Goodwill-to-Asset Related Terms

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Jiayou International Logistics Co (SHSE:603871) Business Description

Traded in Other Exchanges
N/A
Address
No.26, Jintan North Street, Room 806, Block A, Henghua International Business Center, Xicheng District, Beijing, CHN, 100045
Jiayou International Logistics Co Ltd is a logistics company covering a network of countries including Asia, Europe and North America.
Executives
Bai Yu senior management
Tang Shi Lun Director
Meng Lian Director
Wu Zi Bin senior management
Han Jing Hua Director
Hou Run Ping Supervisors
Wang Ben Li Supervisors
Wang Yong Director

Jiayou International Logistics Co (SHSE:603871) Headlines

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