Goodwill And Intangible Assets (Historical) Formula in Excel

Goodwill and intangible assets are vital components on a balance sheet, representing the non-tangible value of a business. These include items like brand reputation, customer loyalty, patents, copyrights, and other intellectual property. This guide will help you understand how to use the Goodwill And Intangible Assets (Historical) formula in Excel with MarketXLS, explore key benefits, syntax, and practical tips.

Understanding Goodwill And Intangible Assets (Historical)

• Purpose: To retrieve a company’s historical goodwill and intangible assets data, providing insight into its non-physical but valuable resources.
• Key Benefits:
  • Understand the company’s intangible worth beyond physical assets.
  • Track changes in goodwill and intangible assets over multiple periods.
  • Supplement valuation analysis and due diligence efforts.
• When to Use:
  • During fundamental analysis to evaluate asset structure.
  • To compare intangible-based growth across different financial periods.
  • For detailed corporate valuation where intangible assets play a significant role.

Syntax and Parameters

Use the following syntax in an Excel cell:

=hf_Goodwill_and_Intangible_Assets(Symbol, year, [quarter], [TTM])

• Return Value:

• A numeric value representing goodwill and intangible assets for the specified period.
• Returns "NA" if the symbol is invalid or insufficient data is available.

?? Note: This function may require a historical fundamentals data subscription. If you do not have the correct subscription, the function may return "NA" or a related error message.

Examples and Usage

Below are practical examples demonstrating different scenarios:

1. Basic Usage by Year

   =hf_Goodwill_and_Intangible_Assets("MSFT", 2022)

   Retrieves Microsoft’s goodwill and intangible assets for the year 2022.

2. Quarterly Specification

   =hf_Goodwill_and_Intangible_Assets("MSFT", 2022, 2)

   Retrieves goodwill and intangible assets for Q2 of 2022.

3. Using TTM (Trailing Twelve Months) Data

   =hf_Goodwill_and_Intangible_Assets("MSFT", 2022, 3, "TTM")

   Retrieves trailing twelve months data ending Q3 of 2022.

4. Relative Periods

   =hf_Goodwill_and_Intangible_Assets("MSFT", "lq")
   =hf_Goodwill_and_Intangible_Assets("MSFT", "lq-1")
   =hf_Goodwill_and_Intangible_Assets("MSFT", "ly")
   =hf_Goodwill_and_Intangible_Assets("MSFT", "ly-1")
   =hf_Goodwill_and_Intangible_Assets("MSFT", "lt")
   =hf_Goodwill_and_Intangible_Assets("MSFT", "lt-1")

   • "lq" grabs the last quarter’s data.
   • "lq-1" fetches the value for one quarter before the last quarter.
   • "ly" focuses on last year’s data, and so on.

? Pro Tip: Combine this function with other fundamental functions like Revenue (Historical) and Cost Of Revenue (Historical) to create a comprehensive financial model.

Common Questions

1. What if the function returns “NA”?

   • Ensure you have the necessary data subscription.
   • Check that your symbol and parameters are valid and correctly formatted.

2. Does the function update automatically?

   • Yes. When connected to MarketXLS with an active subscription, the data refreshes based on availability.

3. How can I handle performance considerations?

   • Use this function in fewer cells if you experience slowdown.
   • Avoid overly complex or volatile references.

4. Can I use direct dates for the year parameter?

   • This function specifically uses year or relative terms (like “ly”, “lq”). If you need date-based analysis, consider other date-compatible MarketXLS functions.

5. Are Goodwill and Intangible Assets the same?

   • They are often presented together but refer to different categories of intangible value. Goodwill is typically a premium paid in acquisitions, while intangible assets are identifiable resources like patents or trademarks.

By following these guidelines, you can effectively utilize the Goodwill And Intangible Assets (Historical) formula in Excel with MarketXLS to strengthen your fundamental analysis and uncover more insight into a company’s intangible financial value.