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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Landsea Homes's intangible assets for the quarter that ended in Mar. 2024 was $69 Mil.
The historical data trend for Landsea Homes'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.
Landsea Homes Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Intangible Assets | - | 21.75 | 25.37 | 68.68 | 68.64 |
Landsea Homes Quarterly Data | ||||||||||||||||||
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 | 68.64 | 68.64 | 68.64 | 68.64 | 68.64 |
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.
Landsea Homes (NAS:LSEA) 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 Landsea Homes's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Elias Farhat | director | C/O LF CAPITAL ACQUISITION CORP, 600 MADISON AVE, NEW YORK NY 10022 |
Green Investment Alpha Ltd | 10 percent owner | 595 BURRARD STREET, STE 1000, VANCOUVER A1 V7X1S8 |
Landsea Holdings Corp | 10 percent owner | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Michael Forsum | officer: President and COO | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
John Ho | director, officer: Chief Executive Officer | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Christopher T Porter | officer: Chief Financial Officer | CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102 |
Robert S Miller | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Thomas Hartfield | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Mollie Fadule | director | 14273 209TH AVENUE NE, WOODINVILLE WA 98077 |
Dilliana Stewart | officer: Chief Accounting Officer | C/O LANDSEA HOMES, 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Xuefeng Bao | other: see explanatory note | 1007-102 10 F/K WAH CENTRE, 191 JAVA ROAD, NORTH POINT K3 HONG KONG |
Qin Zhou | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Scott A. Reed | director, officer: Chief Financial Officer | 901 E. CARY STREET, ONE JAMES CENTER, SUITE 1700, RICHMOND VA 23219 |
Susan E. Lattmann | director | C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083 |
Trent Schreiner | officer: SVP of Accounting and CAO | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
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