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A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Canopy Growth's goodwill for the quarter that ended in Jun. 2024 was $31.6 Mil.
The historical data trend for Canopy Growth's Goodwill 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.
Canopy Growth Annual Data | |||||||||||||||||||||
Trend | Dec14 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
Goodwill | Get a 7-Day Free Trial | 1,400.05 | 1,503.18 | 1,474.33 | 62.53 | 31.94 |
Canopy Growth Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Goodwill | Get a 7-Day Free Trial | 63.52 | 61.98 | 63.54 | 31.94 | 31.65 |
A Goodwill is an intangible asset that arises as a result of the acquisition of one company by another for a premium value. The value of a company's brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill. Goodwill is considered an intangible asset because it is not a physical asset like buildings or equipment. The goodwill account can be found in the assets portion of a company's balance sheet.
Canopy Growth (NAS:CGC) Goodwill Explanation
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.
Canopy Growth's Goodwill-to-Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as
Goodwill-to-Asset (A: Mar. 2024 ) | = | Goodwill | / | Total Assets |
= | 31.944 | / | 960.646 | |
= | 0.03 |
Canopy Growth's Goodwill-to-Asset Ratio for the quarter that ended in Jun. 2024 is calculated as
Goodwill-to-Asset (Q: Jun. 2024 ) | = | Goodwill | / | Total Assets |
= | 31.645 | / | 938.51 | |
= | 0.03 |
* 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.
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.
Thank you for viewing the detailed overview of Canopy Growth's Goodwill provided by GuruFocus.com. Please click on the following links to see related term pages.
Christelle Gedeon | officer: See Remarks | 3 HOLLYHOCK COURT, TORONTO Z4 M3B 0B4 |
Hong Judy Eun Joo | officer: See Remarks | 1 HERSHEY DRIVE, SMITHS FALLS Z4 K7A 0A8 |
David Eric Klein | director, officer: Chief Executive Officer | 207 HIGH POINT DRIVE, VICTOR NY 14564 |
Theresa Yanofsky | director | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
David Angelo Lazzarato | director | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
Judy Schmeling | director | C/O HSN, INC., 1 HSN DRIVE, ST.PETERSBURG FL 33729 |
Thomas Carlton Stewart | officer: See Remarks | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
Garth Hankinson | director | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
Greenstar Ii Holdings Llc | 10 percent owner | 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Greenstar Ii Llc | 10 percent owner | 207 HIGH POINT DRIVE, BUILDING 100, VICTOR NY 14564 |
Rade Nikola Kovacevic | officer: President | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
Phillip Stephen Shaer | officer: Chief Legal Officer | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
Grant Julious C. Jr | officer: Chief Commercial Officer | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
Sabia James A. Jr. | director | C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564 |
Tomas Iv Shipley | officer: See Remarks | 1 HERSHEY DRIVE, SMITHS FALLS A6 K7A 0A8 |
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