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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Kore Group Holdings's intangible assets for the quarter that ended in Mar. 2024 was $453.2 Mil.
The historical data trend for Kore Group Holdings'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.
Kore Group Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Intangible Assets | - | 622.95 | 585.97 | 562.21 | 462.56 |
Kore Group Holdings Quarterly Data | ||||||||||||||||
Dec19 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 553.12 | 558.26 | 470.63 | 462.56 | 453.17 |
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.
Kore Group Holdings (NYSE:KORE) 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 Kore Group Holdings's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Romil Bahl | director, officer: Chief Executive Officer | 3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Jason Dietrich | officer: EVP, Chief Rev. Officer | 3 RAVINIA DRIVE NE, SUITE 500, ATLANTA GA 30346 |
Twilio Inc | 10 percent owner | 101 SPEAR STREET, SUITE 500, San Francisco CA 94105 |
Robert P Macinnis | director | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Tomer Yosef-or | director | C/O ABRY BROADCAST PARTNERS, 111 HUNTINGTON AVE., 30TH FLOOR, BOSTON MA 02199 |
Kennedy Jack William Jr. | officer: See Remarks | 1871 ASPEN DR NE, ATLANTA GA 30345 |
Tushar K. Sachdev | officer: See Remarks | 600 GALLERIA PARKWAY, SUITE 100, ATLANTA GA 30339 |
Paul Holtz | officer: See Remarks | C/O KORE, 3700 MANSELL ROAD, SUITE 300, ALPHARETTA GA 30022 |
Wood River Capital, Llc | 10 percent owner | 4111 E. 37TH STREET N, WICHITA KS 67220 |
James E Geisler | director | 2087 BRIDGEPORT DR, LEXINGTON KY 40502 |
Paulett Eberhart | director | C/O LPL FINANCIAL, 4707 EXECUTIVE DRIVE, SAN DIEGO CA 32121 |
Mark A Neporent | director | C/O CERBERUS PARTNERS LP, 450 PARK AVENUE 28TH FLOOR, NEW YORK NY 10022 |
Louise P Winstone | officer: See Remarks | 3700 MANSELL RD., SUITE 300, ALPHARETTA GA 30022 |
R Michael Thurston | officer: See Remarks | 1170 PEACHTREE STREET, SUITE 900, ATLANTA GA 30309 |
Koch Industries Inc | 10 percent owner | 4111 EAST 37TH STREET NORTH, WICHITA KS 67220 |
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