Tongling Nonferrous Metals Group Co (SZSE:000630) Goodwill-to-Asset : 0.00 (As of Mar. 2024)

Tongling Nonferrous Metals Group Co Goodwill-to-Asset Chart

Tongling Nonferrous Metals Group Co Annual Data
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Tongling Nonferrous Metals Group Co Quarterly Data
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Competitive Comparison of Tongling Nonferrous Metals Group Co's Goodwill-to-Asset

For the Copper subindustry, Tongling Nonferrous Metals Group Co's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tongling Nonferrous Metals Group Co's Goodwill-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Tongling Nonferrous Metals Group Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Tongling Nonferrous Metals Group Co's Goodwill-to-Asset falls into.

Tongling Nonferrous Metals Group Co Goodwill-to-Asset Calculation

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.

Tongling Nonferrous Metals Group Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Tongling Nonferrous Metals Group Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.

Tongling Nonferrous Metals Group Co  (SZSE:000630) Goodwill-to-Asset Explanation

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.

Tongling Nonferrous Metals Group Co Goodwill-to-Asset Related Terms

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Tongling Nonferrous Metals Group Co (SZSE:000630) Business Description