Ashtead Group (Ashtead Group) Gross-Profit-to-Asset % : 44.26% (As of Jan. 2024)

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What is Ashtead Group Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Ashtead Group's annualized Gross Profit for the quarter that ended in Jan. 2024 was $9,484 Mil. Ashtead Group's average Total Assets over the quarter that ended in Jan. 2024 was $21,426 Mil. Therefore, Ashtead Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 44.26%.

Ashtead Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Ashtead Group's Gross-Profit-to-Asset % 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.

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Ashtead Group Gross-Profit-to-Asset % Chart

Ashtead Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Gross-Profit-to-Asset %

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51.55

46.70

45.08

49.92

50.31

Ashtead Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															49.04	47.28	49.40	49.73	44.26

Competitive Comparison of Ashtead Group's Gross-Profit-to-Asset %

For the Rental & Leasing Services subindustry, Ashtead Group's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ashtead Group's Gross-Profit-to-Asset % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ashtead Group's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Ashtead Group's Gross-Profit-to-Asset % falls into.

Ashtead Group Gross-Profit-to-Asset % Calculation

Ashtead Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Apr. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Apr. 2023 )	/	( (Total Assets (A: Apr. 2022 )	+	Total Assets (A: Apr. 2023 ))	/ count )
	=	8558.2	/	( (15290.1	+	18729.3)	/ 2 )
	=	8558.2	/	17009.7
	=	50.31 %

Ashtead Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	9483.6	/	( (21073.4	+	21779.2)	/ 2 )
	=	9483.6	/	21426.3
	=	44.26 %

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Jan. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Ashtead Group Gross-Profit-to-Asset % Related Terms

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Ashtead Group (Ashtead Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ashtead Group PLC (OTCPK:ASHTY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

ASHTF:USA AHTl:UK AHT:UK 0LC:Germany 0LC:Germany

Address

100 Cheapside, London, GBR, EC2V 6DT

Website

https://www.ashtead-group.com

Ashtead is an equipment rental business with operations in the U.S., Canada, and United Kingdom, operating under the Sunbelt Rentals brand. Earnings are mostly derived from the U.S. where Sunbelt enjoy a number-two market position with a 13% share in a highly fragmented market consisting of national, regional, and independent competitors. Ashtead rents a range of construction, industrial, and general equipment such as aerial lifts, hand-held tools, and forklifts across its more than 1,550 rental stores worldwide.