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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Hydrofarm Holdings Group's intangible assets for the quarter that ended in Mar. 2024 was $269.8 Mil.
The historical data trend for Hydrofarm Holdings Group'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.
Hydrofarm Holdings Group Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Intangible Assets | Get a 7-Day Free Trial | 57.41 | 52.42 | 519.69 | 300.37 | 275.88 |
Hydrofarm Holdings Group Quarterly Data | ||||||||||||||||||||
Dec18 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 294.35 | 288.61 | 281.99 | 275.88 | 269.79 |
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.
Hydrofarm Holdings Group (NAS:HYFM) 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 Hydrofarm Holdings Group's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
William Douglas Toler | director, officer: CEO and Chairman of the Board | 1 EAST ARMOUR BOULEVARD, KANSAS CITY MO 64111 |
Kevin Patrick O'brien | officer: Chief Accounting Officer | C/O CPI CARD GROUP INC., 10026 W. SAN JUAN WAY, SUITE 200, LITTLETON CO 80127 |
Terence Fitch | officer: President | 32 ORLE CIR, LITTLE ROCK AR 72223 |
Mark S Parker | officer: Executive Vice President | C/O HYDROFARM HOLDINGS GROUP, INC., 1510 MAIN STREET, SHOEMAKERSVILLE PA 19526 |
Patrick Chung | director | 13 CARNATION RD, THORNHILL A6 L3T 7V3 |
Joseph D Rumley | officer: Chief Accounting Officer | 1141 CUMMINGS ROAD, SANTA PAULA CA 93060 |
Renah Persofsky | director | 55 PRINCE ARTHUR AVENUE, #604, TORONTO A6 M5R 1B3 |
Susan Peters | director | 40 OLD MILITARY ROAD, HILTON HEAD SC 29928 |
Richard D Moss | director | 1715 WEST 38TH STREET, CHATTANOOGA TN 37409 |
Bruce John Lindeman | officer: CFO | 1500 PATHFINDER AVENUE, WESTLAKE VILLAGE CA 91362 |
Melisa Denis | director | 627 WESTHAVEN RD., COPPELL TX 75019 |
Chris Payne | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
John Tomes | 10 percent owner | C/O HAWTHORN EQUITY PARTNERS INC., PO BOX 1061, TORONTO DOMINION A6 M5K 1P2 |
Peter Wardenburg | 10 percent owner | 3 BEYER CT., NOVATO CA 94945 |
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