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Aero Energy (TSXV:AERO) Goodwill-to-Asset : 0.00 (As of Jan. 2024)


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What is Aero Energy Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Aero Energy's Goodwill for the quarter that ended in Jan. 2024 was C$0.00 Mil. Aero Energy's Total Assets for the quarter that ended in Jan. 2024 was C$7.31 Mil.


Aero Energy Goodwill-to-Asset Historical Data

The historical data trend for Aero Energy'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.

Aero Energy Goodwill-to-Asset Chart

Aero Energy Annual Data
Trend Apr20 Apr21 Apr22 Apr23
Goodwill-to-Asset
- - - -

Aero Energy Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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Competitive Comparison of Aero Energy's Goodwill-to-Asset

For the Gold subindustry, Aero Energy'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.


Aero Energy's Goodwill-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aero Energy's Goodwill-to-Asset distribution charts can be found below:

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



Aero Energy 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.

Aero Energy's Goodwill to Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

Goodwill to Asset (A: Apr. 2023 )=Goodwill/Total Assets
=0/6.915
=

Aero Energy's Goodwill to Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

Goodwill to Asset (Q: Jan. 2024 )=Goodwill/Total Assets
=0/7.307
=

* 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.


Aero Energy  (TSXV:AERO) 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.


Aero Energy Goodwill-to-Asset Related Terms

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Aero Energy (TSXV:AERO) Business Description

Traded in Other Exchanges
Address
1030 West Georgia Street, Suite 918, Vancouver, BC, CAN, V6E 2Y3
Angold Resources Ltd is a gold exploration and development company. The company has four properties in the portfolio; including two in Chile and others in Nevada and Canada. The property portfolio includes Dorado, Cordillera, Iron Butte, Hope Butte, and Uchi.

Aero Energy (TSXV:AERO) Headlines