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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. MicroCloud Hologram's intangible assets for the quarter that ended in Jun. 2023 was $4.66 Mil.
The historical data trend for MicroCloud Hologram's Intangible Assets 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.
MicroCloud Hologram Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Intangible Assets | - | 7.54 | 6.74 | 5.24 | - |
MicroCloud Hologram Quarterly Data | |||||||||||||||
Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | 5.43 | 5.24 | 5.08 | 4.66 | - |
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
MicroCloud Hologram (NAS:HOLO) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of MicroCloud Hologram's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Belief Bi | director | ROOM 302, BUILDING A, ZHONGKENANENG ,, YUEXING SIXTH ROAD, NANSHAN DISTRICT,, SHENZHEN F4 518063 |
Maggie Wang | director | ROOM 302, BUILDING A, ZHONGKENANENG ,, YUEXING SIXTH ROAD, NANSHAN DISTRICT,, SHENZHEN F4 518063 |
Guohui Kang | director, officer: CEO | ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063 |
Wei Peng | director, 10 percent owner | ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063 |
Tiger Initiative Investment Ltd | 10 percent owner | SERTUS CHAMBERS, P.O. BOX 905, QUASTISKY BUILDING, ROAD TOWN, TORTOLA D8 VG1110 |
Bei Zhen | officer: CFO | GOVERNORS SQUARE, SUITE #5-204, ,23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104 |
Mi Zhou | director | GOVERNORS SQUARE, SUITE #5-204, 23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104 |
Best Road Holdings Ltd | 10 percent owner | SERTUS CHAMBERS, P.O. BOX 905, QUASTISKY BUILDING, ROAD TOWN, TORTOLA D8 VG1110 |
Han Qin | director | GOVERNORS SQUARE, SUITE #5-204, 23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104 |
Jianbo Zhou | officer: CTO | ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063 |
Guolong Qi | officer: COO | ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063 |
Greenland Asset Management Corp | 10 percent owner | WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006 |
Xu Zhang | director | 100 PARK AVENUE, NEW YORK NY 10017 |
Hai Lin | director | 100 PARK AVENUE, NEW YORK NY 10017 |
Shaosen Cheng | director, officer: Chief Executive Officer | 100 PARK AVENUE, NEW YORK NY 10017 |
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