BankNordik P/F (OCSE:BNORDIK CSE) Gross-Profit-to-Asset % : 4.39% (As of Mar. 2024)

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What is BankNordik P/F 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. BankNordik P/F's annualized Gross Profit for the quarter that ended in Mar. 2024 was kr577.2 Mil. BankNordik P/F's average Total Assets over the quarter that ended in Mar. 2024 was kr13,161.1 Mil. Therefore, BankNordik P/F's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 4.39%.

BankNordik P/F Gross-Profit-to-Asset % Historical Data

The historical data trend for BankNordik P/F'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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BankNordik P/F Gross-Profit-to-Asset % Chart

BankNordik P/F Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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2.63

3.49

3.21

4.91

BankNordik P/F 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															3.99	6.76	6.17	2.84	4.39

Competitive Comparison of BankNordik P/F's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, BankNordik P/F'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.

BankNordik P/F's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BankNordik P/F's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where BankNordik P/F's Gross-Profit-to-Asset % falls into.

BankNordik P/F Gross-Profit-to-Asset % Calculation

BankNordik P/F'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 )
	=	616.971	/	( (12167.073	+	12944.835)	/ 2 )
	=	616.971	/	12555.954
	=	4.91 %

BankNordik P/F'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 )
	=	577.24	/	( (12944.835	+	13377.435)	/ 2 )
	=	577.24	/	13161.135
	=	4.39 %

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.

BankNordik P/F Gross-Profit-to-Asset % Related Terms

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BankNordik P/F (OCSE:BNORDIK CSE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » BankNordik P/F (OCSE:BNORDIK CSE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

BNW:Germany

Address

Oknarvegur 5, P.O. Box 3048, Torshavn, FRO, FO-110

Website

https://www.banknordik.fo

BankNordik P/F is a banking company. The bank provides a range of banking products and financial services to private and corporate customers. Its business units includes Banking and Non-life insurance. The Banking unit comprises Personal Banking and Corporate Banking. Personal Banking comprises private customers in the Faroe Islands and Greenland. Corporate Banking comprises corporate customers mainly in the Faroe Islands and in Greenland. The corporate also comprises a few remaining corporate customers from Denmark. Non-life insurance comprises the insurance company P/F TRYGD based The Faroe Islands. TRYGD is responsible for the-life insurance products. The company operates in the Faroe Islands, Denmark and Greenland of which key revenue is derived from the Faroe Islands.

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