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WINSF (Wins Finance Holdings) Goodwill : $0.00 Mil (As of Dec. 2023)


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What is Wins Finance Holdings Goodwill?

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. Wins Finance Holdings's goodwill for the quarter that ended in Dec. 2023 was $0.00 Mil.


Wins Finance Holdings Goodwill Historical Data

The historical data trend for Wins Finance Holdings'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.

* Premium members only.

Wins Finance Holdings Goodwill Chart

Wins Finance Holdings Annual Data
Trend Dec14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
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Wins Finance Holdings Semi-Annual Data
Sep14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Wins Finance Holdings Goodwill Calculation

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.


Wins Finance Holdings  (OTCPK:WINSF) 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.

Wins Finance Holdings's Goodwill-to-Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Goodwill-to-Asset (A: Jun. 2023 )=Goodwill/Total Assets
=0/2.059
=0.00

Wins Finance Holdings's Goodwill-to-Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Goodwill-to-Asset (Q: Dec. 2023 )=Goodwill/Total Assets
=0/25.941
=0.00

* 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.


Wins Finance Holdings Goodwill Related Terms

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Wins Finance Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 58 Jianguo Road, 1st Floor, Building 1B, Chaoyang District, Beijing, CHN, 100024
Wins Finance Holdings Inc is a diversified investment and asset management company. It is in the business of leasing, financial advisory, financial guarantees, and partnerships. The Company operates and manages its business in three reportable segments, namely, the provision of financial services, medical consulting services and Sales medical equipment in the PRC domestic market.
Executives
Amy He officer: Chief Financial Officer 8TH FLOOR BLOCK 8 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 00000
Richard Xu director, officer: President 65 BROADWAY, SUITE 501, NEW YORK NY 10006
Bradley Reifler director 590 MADISON AVENUE, 21ST FLOOR, NEW YORK NY 10022
Nicholas Clements director 6F/TOWER, 2 WEST PROSPER CENTRE, NO.5, GUANGHUA ROAD, CHAOYANG DISTRICT, BEIJING F4 100020
Jingxiao Zhang director STATISTICS SCHOOL, RENMIN UNIVERSITY, 59 ZHONGGUANCUN AVENUE, HAIDIAN DISTRICT, BEIJING F4 100872
Jianming Hao director, officer: Co-Chief Executive Officer UNIT 106, TERN CENTRE, TOWER II,, 251 QUEEN'S ROAD, CENTRAL, HONG KONG F4 00000
Peilin Zhao 10 percent owner 1908, 19/F, BLOCK 2, NO. 116, GUANGANMENNEIDAJIE, XUANWU XU, BEIJING F4 XXXXXX
Hong Wang 10 percent owner 8TH FL BLK 5 AOLINJIATAI BLDG, 1 KEHUIQIAN ST, CHAOYANG DISTRICT, BEIJING F4 100192

Wins Finance Holdings Headlines

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