Theeb Car Rental Co (SAU:4261) Gross-Profit-to-Asset % : 17.28% (As of Mar. 2024)

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What is Theeb Car Rental 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. Theeb Car Rental Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ﷼395 Mil. Theeb Car Rental Co's average Total Assets over the quarter that ended in Mar. 2024 was ﷼2,289 Mil. Therefore, Theeb Car Rental Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 17.28%.

Theeb Car Rental Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Theeb Car Rental 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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Theeb Car Rental Co Gross-Profit-to-Asset % Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

12.39

17.59

20.79

17.48

Theeb Car Rental Co Quarterly Data
	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												18.64	16.61	17.79	17.39	17.28

Competitive Comparison of Theeb Car Rental Co's Gross-Profit-to-Asset %

For the Rental & Leasing Services subindustry, Theeb Car Rental 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.

Theeb Car Rental Co's Gross-Profit-to-Asset % Distribution in the Business Services Industry

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

* The bar in red indicates where Theeb Car Rental Co's Gross-Profit-to-Asset % falls into.

Theeb Car Rental Co Gross-Profit-to-Asset % Calculation

Theeb Car Rental Co'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 )
	=	358.865	/	( (1866.213	+	2238.827)	/ 2 )
	=	358.865	/	2052.52
	=	17.48 %

Theeb Car Rental Co'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 )
	=	395.456	/	( (2238.827	+	2338.285)	/ 2 )
	=	395.456	/	2288.556
	=	17.28 %

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.

Theeb Car Rental Co Gross-Profit-to-Asset % Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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