Gulf Bank KSC (KUW:GBK) Gross-Profit-to-Asset % : 2.67% (As of Mar. 2024)

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What is Gulf Bank KSC 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. Gulf Bank KSC's annualized Gross Profit for the quarter that ended in Mar. 2024 was KWD193.1 Mil. Gulf Bank KSC's average Total Assets over the quarter that ended in Mar. 2024 was KWD7,222.5 Mil. Therefore, Gulf Bank KSC's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 2.67%.

Gulf Bank KSC Gross-Profit-to-Asset % Historical Data

The historical data trend for Gulf Bank KSC'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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Gulf Bank KSC Gross-Profit-to-Asset % Chart

Gulf Bank KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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3.39

2.56

2.68

2.70

2.71

Gulf Bank KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															2.72	2.67	2.76	2.84	2.67

Competitive Comparison of Gulf Bank KSC's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Gulf Bank KSC'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.

Gulf Bank KSC's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Gulf Bank KSC's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Gulf Bank KSC's Gross-Profit-to-Asset % falls into.

Gulf Bank KSC Gross-Profit-to-Asset % Calculation

Gulf Bank KSC'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 )
	=	190.364	/	( (6851.48	+	7174.632)	/ 2 )
	=	190.364	/	7013.056
	=	2.71 %

Gulf Bank KSC's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	193.12	/	( (7174.632	+	7270.391)	/ 2 )
	=	193.12	/	7222.5115
	=	2.67 %

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 (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Gulf Bank KSC Gross-Profit-to-Asset % Related Terms

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Gulf Bank KSC (KUW:GBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Bank KSC (KUW:GBK) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabir Street, P. O. Box 3200, Safat, Kuwait, KWT, 13032

Website

https://www.e-gulfbank.com

Gulf Bank KSC is predominantly a Kuwait-based banking service company. The bank's business activities are mapped into two business lines which are Commercial Banking, Treasury & Investments. Commercial Banking engages in the acceptance of deposits from individuals, corporate and institutional customers, and providing consumer loans, overdrafts, credit card facilities, and funds transfer facilities to individuals; and other credit facilities to corporate and institutional customers. The Treasury & Investments segment provides money market, trading, and treasury services, as well as the management of the Bank's funding operations by use of Kuwait Government treasury bonds, government securities, placements, and acceptances with other banks.

Gulf Bank KSC (KUW:GBK) Headlines

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