Bank of Nova Scotia (Bank of Nova Scotia) Gross-Profit-to-Asset % : 2.42% (As of Jan. 2024)

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What is Bank of Nova Scotia 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. Bank of Nova Scotia's annualized Gross Profit for the quarter that ended in Jan. 2024 was $24,993 Mil. Bank of Nova Scotia's average Total Assets over the quarter that ended in Jan. 2024 was $1,033,279 Mil. Therefore, Bank of Nova Scotia's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 2.42%.

Bank of Nova Scotia Gross-Profit-to-Asset % Historical Data

The historical data trend for Bank of Nova Scotia'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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Bank of Nova Scotia Gross-Profit-to-Asset % Chart

Bank of Nova Scotia Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross-Profit-to-Asset %

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2.90

2.79

2.74

2.37

2.30

Bank of Nova Scotia Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															2.36	2.28	2.34	2.22	2.42

Competitive Comparison of Bank of Nova Scotia's Gross-Profit-to-Asset %

For the Banks - Diversified subindustry, Bank of Nova Scotia'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.

Bank of Nova Scotia's Gross-Profit-to-Asset % Distribution in the Banks Industry

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

* The bar in red indicates where Bank of Nova Scotia's Gross-Profit-to-Asset % falls into.

Bank of Nova Scotia Gross-Profit-to-Asset % Calculation

Bank of Nova Scotia's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Oct. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Oct. 2023 )	/	( (Total Assets (A: Oct. 2022 )	+	Total Assets (A: Oct. 2023 ))	/ count )
	=	23181.884	/	( (985768.135	+	1028871.791)	/ 2 )
	=	23181.884	/	1007319.963
	=	2.30 %

Bank of Nova Scotia's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	24992.924	/	( (1028871.791	+	1037686.061)	/ 2 )
	=	24992.924	/	1033278.926
	=	2.42 %

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

Bank of Nova Scotia Gross-Profit-to-Asset % Related Terms

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Bank of Nova Scotia (Bank of Nova Scotia) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Nova Scotia (NYSE:BNS) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

BNSPF.PFD:USA BNS:Mexico BKN:Germany BKN:Germany BNS.PR.I.PFD:Canada BNS:Canada

Address

1709 Hollis Street, Scotia Plaza, 8th floor, Halifax, NS, CAN, B3J 1W1

Website

https://www.scotiabank.com

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank's international operations span numerous countries and are more concentrated in Central and South America.