ASA Gold And Precious Metals (ASA Gold And Precious Metals) Intangible Assets : $0.00 Mil (As of Nov. 2023)

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What is ASA Gold And Precious Metals Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. ASA Gold And Precious Metals's intangible assets for the quarter that ended in Nov. 2023 was $0.00 Mil.

ASA Gold And Precious Metals Intangible Assets Historical Data

The historical data trend for ASA Gold And Precious Metals'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.

* Premium members only.

ASA Gold And Precious Metals Intangible Assets Chart

ASA Gold And Precious Metals Annual Data

Trend

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Nov23

Intangible Assets

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ASA Gold And Precious Metals Semi-Annual Data
	Nov16	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Intangible Assets	Get a 7-Day Free Trial										-	-	-	-	-

ASA Gold And Precious Metals Intangible Assets Calculation

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.

ASA Gold And Precious Metals (NYSE:ASA) 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.

ASA Gold And Precious Metals Intangible Assets Related Terms

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ASA Gold And Precious Metals (ASA Gold And Precious Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ASA Gold And Precious Metals Ltd (NYSE:ASA) » Definitions » Intangible Assets

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Traded in Other Exchanges

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Address

Three Canal Plaza, Suite 600, Portland, ME, USA, 04101

Website

https://www.asaltd.com

ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation primarily through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.

Executives

Mary Joan Hoene	director	400 S EL CAMINO REAL, STE 710, SAN MATEO CA 94402
Alexander Merk	officer: COO	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Bruce D Hansen	director	1700 LINCOLN STREET, 28TH FLOOR, DENVER CO 80203
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Nancy J. Tyminski	other: Deputy CCO	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
William Donovan	director	100 VISTA CIRCLE, APARTMENT 315, PITTSBURGH PA 15238
James E Holman	other: Analyst, Merk Investments, LLC	THREE CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Peter Maletis	officer: President	44 MONTGOMERY STREET, #3730, SAN FRANCISCO CA 94104
Anthony J. Artabane	director	4 LITTLE KINGS LANE, RYE BROOK NY 10573
Zachary R Tackett	officer: Secretary	77 CONGRESS STREET, APT. #1, PORTLAND ME 04101
Gino E Malaspina	officer: Secretary	3 CANAL PLAZA, SUITE 600, PORTLAND ME 04101
Karen Shaw	officer: PFO	3 BUNKER HILL TERRACE, SCARBOROUGH ME 04074
David J Christensen	officer: Vice President - Investments	400 S. EL CAMINO REAL, SUITE 710, SAN MATEO CA 94402
Danielle Kulp	officer: Secretary and Deputy CCO	1409 KUTZ DRIVE, POTTSTOWN PA 19465