GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pangea Natural Foods Inc (OTCPK:PNGAF) » Definitions » Intangible Assets

Pangea Natural Foods (Pangea Natural Foods) Intangible Assets : $0.00 Mil (As of Jan. 2024)


View and export this data going back to 2022. Start your Free Trial

What is Pangea Natural Foods Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Pangea Natural Foods's intangible assets for the quarter that ended in Jan. 2024 was $0.00 Mil.


Pangea Natural Foods Intangible Assets Historical Data

The historical data trend for Pangea Natural Foods'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.

Pangea Natural Foods Intangible Assets Chart

Pangea Natural Foods Annual Data
Trend Oct21 Oct22 Oct23
Intangible Assets
0.03 0.01 -

Pangea Natural Foods Quarterly Data
Oct21 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Intangible Assets Get a 7-Day Free Trial Premium Member Only 0.01 0.01 0.01 - -

Pangea Natural Foods 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.


Pangea Natural Foods  (OTCPK:PNGAF) 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.


Pangea Natural Foods Intangible Assets Related Terms

Thank you for viewing the detailed overview of Pangea Natural Foods's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.


Pangea Natural Foods (Pangea Natural Foods) Business Description

Traded in Other Exchanges
Address
8035 - 130th Street, Surrey, BC, CAN, V3W 0H7
Pangea Natural Foods Inc engages in the production and sale of plant-based patties. Pangea manufactures the plant-based patties at the Facility in the Vancouver lower mainland and sells the patties through multiple distribution channels including online sales platforms and retailers. The Company currently has one reportable operating segment, the manufacturing and distribution of food products in Canada.