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Changhong Meiling Co (SZSE:000521) Gross-Profit-to-Asset % : 15.54% (As of Mar. 2024)


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What is Changhong Meiling 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. Changhong Meiling Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥3,182 Mil. Changhong Meiling Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥20,477 Mil. Therefore, Changhong Meiling Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 15.54%.


Changhong Meiling Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Changhong Meiling 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.

* Premium members only.

Changhong Meiling Co Gross-Profit-to-Asset % Chart

Changhong Meiling Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.82 16.74 13.82 17.65 19.00

Changhong Meiling 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.71 19.82 18.97 16.61 15.54

Competitive Comparison of Changhong Meiling Co's Gross-Profit-to-Asset %

For the Furnishings, Fixtures & Appliances subindustry, Changhong Meiling 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.


Changhong Meiling Co's Gross-Profit-to-Asset % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Changhong Meiling Co's Gross-Profit-to-Asset % distribution charts can be found below:

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



Changhong Meiling Co Gross-Profit-to-Asset % Calculation

Changhong Meiling 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 )
=3381.123/( (16205.296+19391.605)/ 2 )
=3381.123/17798.4505
=19.00 %

Changhong Meiling 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 )
=3181.676/( (19391.605+21561.464)/ 2 )
=3181.676/20476.5345
=15.54 %

* 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.

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.


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Changhong Meiling Co (SZSE:000521) Business Description

Traded in Other Exchanges
Address
No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601
Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

Changhong Meiling Co (SZSE:000521) Headlines

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