GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangdong Dongfang Precision Science & Tech Co Ltd (SZSE:002611) » Definitions » Goodwill-to-Asset

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Goodwill-to-Asset : 0.06 (As of Mar. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Guangdong Dongfang Precision Science & Tech Co Goodwill-to-Asset?

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Guangdong Dongfang Precision Science & Tech Co's Goodwill for the quarter that ended in Mar. 2024 was ¥437 Mil. Guangdong Dongfang Precision Science & Tech Co's Total Assets for the quarter that ended in Mar. 2024 was ¥7,347 Mil. Therefore, Guangdong Dongfang Precision Science & Tech Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 was 0.06.


Guangdong Dongfang Precision Science & Tech Co Goodwill-to-Asset Historical Data

The historical data trend for Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset 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.

* Premium members only.

Guangdong Dongfang Precision Science & Tech Co Goodwill-to-Asset Chart

Guangdong Dongfang Precision Science & Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.05 0.05 0.06 0.06

Guangdong Dongfang Precision Science & Tech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Goodwill-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.06 0.06 0.06 0.06

Competitive Comparison of Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset

For the Specialty Industrial Machinery subindustry, Guangdong Dongfang Precision Science & Tech 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.


Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset distribution charts can be found below:

* The bar in red indicates where Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset falls into.



Guangdong Dongfang Precision Science & Tech 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.

Guangdong Dongfang Precision Science & Tech Co's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Goodwill to Asset (A: Dec. 2023 )=Goodwill/Total Assets
=440.63/7538.223
=0.06

Guangdong Dongfang Precision Science & Tech Co's Goodwill to Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

Goodwill to Asset (Q: Mar. 2024 )=Goodwill/Total Assets
=436.56/7346.743
=0.06

* 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.


Guangdong Dongfang Precision Science & Tech Co  (SZSE:002611) 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.


Guangdong Dongfang Precision Science & Tech Co Goodwill-to-Asset Related Terms

Thank you for viewing the detailed overview of Guangdong Dongfang Precision Science & Tech Co's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Business Description

Traded in Other Exchanges
N/A
Address
No. 2, Zhenqiangshi Road, Nanhai District, Guangdong Province, Foshan, CHN
Guangdong Dongfang Precision Science & Tech Co Ltd is a China-based company that engages in the process, manufacture, and sale of carton printing equipment and accessories. The main products of the company's intelligent packaging equipment business include corrugated cardboard production line, corrugated box printing complete production line, pre-press, post-press intelligent automation equipment, and automated logistics systems. Some of the company's standalone printing products equipment include TOPRA AD, TOPRA GT, APSTAR HG 2, and APSTAR HS. The company's products are exported to more than 30 countries and regions, including Europe, America, Asia, Africa, Latin America, and Oceania.
Executives
Xie Wei Wei Directors, executives
Qiu Ye Zhi Directors, executives
Li Ke Tian Independent director
Yang Ya Li Directors, executives
Tang Zhuo Mian Director
Tang Zhuo Lin Director
Tang Yan Ling Supervisors
Cen Mei Ling Supervisors

Guangdong Dongfang Precision Science & Tech Co (SZSE:002611) Headlines

No Headlines