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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. WestRock Co's intangible assets for the quarter that ended in Mar. 2024 was $6,691 Mil.
The historical data trend for WestRock Co'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.
WestRock Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 11,345.10 | 9,629.40 | 9,278.00 | 8,815.80 | 6,824.90 |
WestRock Co Quarterly Data | ||||||||||||||||||||
Jun19 | 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 | 7,012.10 | 6,943.00 | 6,824.90 | 6,777.50 | 6,690.50 |
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.
WestRock Co (NYSE:WRK) 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 WestRock Co's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Currey M Russell | director | PO BOX 4098, NORCROSS GA 30091 |
John L O'neal | officer: President, Global Paper | 1155 PERIMETER CENTER WEST, ATLANTA GA 30338 |
James E Nevels | director | C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112 |
Samuel W. Shoemaker | officer: President, Consumer Packaging | 1000 ABERNATHY ROAD NE, SUITE 125, ATLANTA GA 30328 |
Dmitri L Stockton | director | 777 LONG RIDGE ROAD, SYNCHRONY FINANCIAL C/O CORP. SECRETARY, STAMFORD CT 06902 |
Thomas Stigers | officer: President, Mill Operations | 1000 ABERNATHY ROAD NE, SUITE 125, ATLANTA GA 30328 |
Denise R Singleton | officer: EVP, GC and Secretary | 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062 |
Jean Savage | director | 14221 N DALLAS PARKWAY, SUITE 1100, DALLAS TX 75254 |
David B Sewell | officer: Chief Executive Officer | 101 W. PROSPECT AVENUE, CLEVELAND OH 44115 |
Alexander W Pease | officer: Chief Financial Officer | 5605 CARNEGIE BOULEVARD, SUTIE 500, CHARLOTTE NC 28209 |
Patrick M. Kivits | officer: Pres, Consumer PKG | 1200 WILLOW LAKE BLVD., P.O. BOX 64683, ST. PAUL MN 55110 |
Peter C Durette | officer: President, Corrugated Pkg. | MEADWESTVACO, 501 SOUTH 5TH STREET, RICHMOND VA 23219-0501 |
Jeffrey Wayne Chalovich | officer: President - Corrugated Pkging | 504 THRASHER STREET, NORCROSS GA 30071 |
Steven C Voorhees | director, officer: CEO - President | 214 N TRYON STREET, CHARLOTTE NC 28202 |
Patrick Edward Lindner | officer: President, Consumer Packaging | 501 SOUTH 5TH STREET, RICHMOND VA 23219 |
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