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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Cyanotech's intangible assets for the quarter that ended in Dec. 2023 was $0.00 Mil.
The historical data trend for Cyanotech'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.
Cyanotech Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Cyanotech Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Cyanotech (OTCPK:CYAN) 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 Cyanotech's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Kakuk Collette Nicole | officer: Chief Strategic Comml Officer | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Michael A / Davis | director, 10 percent owner | 1621 JUANITA LANE, TIBURON CA 94920 |
Angela May Mcelwee | director | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Charles Jason Hartmann | officer: VP, Sales & Marketing | 73-4460 QUEEN KAAHUMANU HWY SUITE 102, KAILUA-KONA HI 96740 |
Glenn Jensen | officer: VP-Operations | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA-KONA HI 96740 |
Jennifer M. Johansen | officer: VP of Quality | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Walter Bennett Menzel | director | 45 MOUNT TIBURON ROAD, TIBURON CA 94920 |
Felicia I Ladin | officer: CFO, VP Fin & Admin, Treasurer | 26 CORPORATE CIRCLE, ALBANY NY 12203 |
Matthew Keith Custer | officer: Vice President, Gen Mgr | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA HI 96740 |
Amy Beth Nordin | officer: VP, HR, Secretary | 73-4460 QUEEN KAAHUMANU HWY. SUITE 102, KAILUA-KONA HI 96740 |
Brian Brett Orlopp | officer: CFO, VP, Treasurer, Secretary | 73-4460 QUEEN KAAHUMANU HWY #102, KAILUA KONA CA 96740 |
Gerald J Watts | officer: COO | 2530 RED HILL AVE, SANTA ANA CA 92705 |
Mawae Morton | officer: President | 7473 MAKA'A STREET, HONOLULU HI 96825 |
Nancy E Katz | director | CALYPTE BIOMEDICAL CORP, 1265 HARBOR BAY PKWY, ALAHEDA CA 94502 |
David M Mulder | director | 21771 CALATRAVA, MISSION VIEJO CA 92692 |
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