Intangible assets like goodwill and other intangible assets have a positive impact on profits for Philippine publicly traded corporations. A study found that these assets contribute to a 20.71% return on net profit. The effects of intangible assets on profit vary across different sectors, with significant impacts seen in the property, holding companies, services, and industrial sectors. This suggests that companies should consider intangible assets as valuable drivers of future performance and that the government and standard-setting bodies should support businesses in maximizing the value of these assets.