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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. Greencity Acquisition's goodwill for the quarter that ended in Dec. 2022 was $0.00 Mil.
The historical data trend for Greencity Acquisition'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.
Greencity Acquisition Annual Data | |||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | ||||||
Goodwill | - | - | - | - | - |
Greencity Acquisition Quarterly Data | |||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Goodwill | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Greencity Acquisition (OTCPK:GRCYF) 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.
Greencity Acquisition's Goodwill-to-Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as
Goodwill-to-Asset (A: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 6.671 | |
= |
Greencity Acquisition's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2022 is calculated as
Goodwill-to-Asset (Q: Dec. 2022 ) | = | Goodwill | / | Total Assets |
= | 0 | / | 6.671 | |
= |
* 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.
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.
Thank you for viewing the detailed overview of Greencity Acquisition's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Hudson Bay Capital Management Lp | 10 percent owner | 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Sander Gerber | 10 percent owner | C/O HUDSON BAY CAPITAL MANAGEMENT, L.P., 28 HAVEMEYER PLACE, 2ND FLOOR, GREENWICH CT 06830 |
Lawrence Feis | 10 percent owner | 190 EAST WALTON PLACE, UNIT 603, CHICAGO IL 60611 |
Feis Equities Llc | 10 percent owner | 20 NORTH WACKER DRIVE, SUITE 2115, CHICAGO IL 60606 |
Glazer Capital, Llc | 10 percent owner | 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019 |
Paul J Glazer | 10 percent owner | 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019 |
Lei Wang | director | 2609 MONTE CRESTA DRIVE, BELMONT CA 94002 |
Cynthia Management Corp | 10 percent owner | SUITE 807 TOWER 2 CENTURY LINK PLAZA, NO. 1196 CENTURY AVENUE, PUDONG DISTRICT F4 200000 |
Jianmin Yu | 10 percent owner, officer: CFO | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Jinlong Liu | director, 10 percent owner | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Chao Liu | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Ming Zhang | officer: CEO | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
Yong Li | director | 100 PARK AVENUE 16TH FLOOR, NEW YORK NY 10017 |
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