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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Croghan Bancshares's intangible assets for the quarter that ended in Mar. 2024 was $0.00 Mil.
The historical data trend for Croghan Bancshares'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.
Croghan Bancshares Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 23.23 | 22.90 | 22.66 | 22.50 | 22.42 |
Croghan Bancshares Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | 22.42 | - |
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.
Croghan Bancshares (OTCPK:CHBH) 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.
Thank you for viewing the detailed overview of Croghan Bancshares's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
James E Bowlus | director | 460 KINGSGATE DRIVE, FREMONT OH 43420 |
Barry F Luse | officer: Vice President/Trust Officer | 1927 ROBERT AVENUE, FREMONT OH 43420 |
Claire F Johansen | director | 5600 SOUTH CR 19, TIFFIN OH 44883 |
Allen Michael D Sr | director | 5639 SR 113, BELLEVUE OH 44811 |
James R Faist | director | 119 CANTERBURY DRIVE, FREMONT OH 43420 |
Kendall W Rieman | officer: Vice President/CFO and COO | 3339 CR 223, FREMONT OH 43420 |
Rick M Robertson | director, officer: President and CEO | 1687 TOMAHAWK TRACE, FREMONT OH 43420 |
Stephen A Kemper | director | 455 WEST MAIN STREET, BELLEVUE OH 44811 |
Daniel W Lease | director | 2276 EAST STATE STREET, FREMONT OH 43420 |
Allan E Mehlow | director | 2569 FANGBONER ROAD, FREMONT OH 43420 |
Thomas W Mclaughlin | director | 2221 COLE CREEK DRIVE, NORWALK OH 44857 |
Elder Thomas J Jr | officer: Vice President | 3584 SOUTH LINKER PORTAGE ROAD, ELMORE OH 43416-9730 |
Claude E Young | director | 2242 SOUTH SR 19, GREEN SPRINGS OH 44836 |
John C Hoffman | officer: Controller | 1207 JUNE STREET, FREMONT OH 43420 |
Robert H Moyer | director | 519 SMITH ROAD, FREMONT OH 43420 |
From GuruFocus
By PRNewswire PRNewswire • 10-18-2018
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