GD Entertainment & Technology (GD Entertainment & Technology) Goodwill : $0.00 Mil (As of Feb. 2006)

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What is GD Entertainment & Technology Goodwill?

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. GD Entertainment & Technology's goodwill for the quarter that ended in Feb. 2006 was $0.00 Mil.

GD Entertainment & Technology Goodwill Historical Data

The historical data trend for GD Entertainment & Technology's Goodwill 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.

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GD Entertainment & Technology Goodwill Chart

GD Entertainment & Technology Annual Data

Trend

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Goodwill

GD Entertainment & Technology Quarterly Data
	May01	Aug01	Nov01	Feb02	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06
Goodwill	Get a 7-Day Free Trial						-	-	-	-	-

GD Entertainment & Technology Goodwill Calculation

A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.

GD Entertainment & Technology (OTCPK:GDET) Goodwill Explanation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

GD Entertainment & Technology's Goodwill-to-Asset Ratio for the fiscal year that ended in May. 2005 is calculated as

Goodwill-to-Asset (A: May. 2005 )	=	Goodwill	/	Total Assets
	=	0	/	0.91
	=	0.00

GD Entertainment & Technology's Goodwill-to-Asset Ratio for the quarter that ended in Feb. 2006 is calculated as

Goodwill-to-Asset (Q: Feb. 2006 )	=	Goodwill	/	Total Assets
	=	0	/	1.459
	=	0.00

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.

GD Entertainment & Technology Goodwill Related Terms

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GD Entertainment & Technology (GD Entertainment & Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » GD Entertainment & Technology Inc (OTCPK:GDET) » Definitions » Goodwill

Traded in Other Exchanges

N/A

Address

1 Bridge Plaza, 2nd Floor, Fort Lee, NJ, USA, 07024

Website

https://gdet.co

GD Entertainment & Technology Inc focuses on high growth industries. The company currently has one operating subsidiary, DreamCard, a high-end metal card that personalizes debit and credit cards for a fee which allows users to create a customizable debit or credit card using its online platform. It also customizes Specialty Cards for Customer Loyalty and Affinity Networks. It simply takes an existing debit or credit card and transfers its data and chip into a new metal, 24karat or Stainless Steel card of the cardholders design and ships it to the holder. GDET markets to the business enterprises that promote commerce to members with a VIP card. Casinos and Affinity Networks form the base of company consumers.