Nexteer Automotive Group (HKSE:01316) Gross-Profit-to-Asset % : 12.47% (As of Jun. 2024)

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What is Nexteer Automotive 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. Nexteer Automotive Group's annualized Gross Profit for the quarter that ended in Jun. 2024 was HK$3,295 Mil. Nexteer Automotive Group's average Total Assets over the quarter that ended in Jun. 2024 was HK$26,412 Mil. Therefore, Nexteer Automotive Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 12.47%.

Nexteer Automotive Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Nexteer Automotive 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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Nexteer Automotive Group Gross-Profit-to-Asset % Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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16.90

12.49

11.20

11.22

10.95

Nexteer Automotive Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															9.36	13.21	11.45	10.51	12.47

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

For the Auto Parts subindustry, Nexteer Automotive 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.

Nexteer Automotive Group's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nexteer Automotive Group's Gross-Profit-to-Asset % distribution charts can be found below:

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

Nexteer Automotive Group Gross-Profit-to-Asset % Calculation

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

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	2878.638	/	( (25966.497	+	26589.19)	/ 2 )
	=	2878.638	/	26277.8435
	=	10.95 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	3294.68	/	( (26589.19	+	26235.586)	/ 2 )
	=	3294.68	/	26412.388
	=	12.47 %

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 two times the semi-annual (Jun. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Nexteer Automotive Group Gross-Profit-to-Asset % Related Terms

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Nexteer Automotive Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (HKSE:01316) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NTXVF:USA 8NX:Germany

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.

Executives

M&g Plc	2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Nai Shi Te Qi Che Xi Tong Xiang Gang Kong Gu You Xian Gong Si	2101 Beneficial owner
Zhong Guo Hang Kong Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Hang Kong Qi Che Xi Tong Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Tai Ping Yang Shi Ji Bei Jing Qi Che Ling Bu Jian You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Yi Zhuang Guo Ji Qi Che Tou Zi Guan Li You Xian Gong Si	2101 Beneficial owner

Nexteer Automotive Group Headlines

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