Daido Steel Co (NGO:5471) Gross-Profit-to-Asset % : 14.30% (As of Dec. 2023)

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What is Daido Steel Co 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. Daido Steel Co's annualized Gross Profit for the quarter that ended in Dec. 2023 was 円113,800 Mil. Daido Steel Co's average Total Assets over the quarter that ended in Dec. 2023 was 円795,721 Mil. Therefore, Daido Steel Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.30%.

Daido Steel Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Daido Steel Co'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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Daido Steel Co Gross-Profit-to-Asset % Chart

Daido Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

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12.70

9.48

13.22

13.63

13.00

Daido Steel Co 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															12.00	11.39	12.87	14.30	12.84

Competitive Comparison of Daido Steel Co's Gross-Profit-to-Asset %

For the Steel subindustry, Daido Steel Co'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.

Daido Steel Co's Gross-Profit-to-Asset % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Daido Steel Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Daido Steel Co's Gross-Profit-to-Asset % falls into.

Daido Steel Co Gross-Profit-to-Asset % Calculation

Daido Steel Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	101515	/	( (773851	+	787517)	/ 2 )
	=	101515	/	780684
	=	13.00 %

Daido Steel Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	113800	/	( (794523	+	796918)	/ 2 )
	=	113800	/	795720.5
	=	14.30 %

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 (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Daido Steel Co Gross-Profit-to-Asset % Related Terms

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Daido Steel Co (NGO:5471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daido Steel Co Ltd (NGO:5471) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

5471:Japan DDL:Germany

Address

1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581

Website

http://www.daido.co.jp

Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

Daido Steel Co (NGO:5471) Headlines

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