3M Co (FRA:MMM) Gross-Profit-to-Asset % : 26.34% (As of Dec. 2023)

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What is 3M 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. 3M Co's annualized Gross Profit for the quarter that ended in Dec. 2023 was €12,233 Mil. 3M Co's average Total Assets over the quarter that ended in Dec. 2023 was €46,438 Mil. Therefore, 3M Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 26.34%.

3M Co Gross-Profit-to-Asset % Historical Data

The historical data trend for 3M 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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3M Co Gross-Profit-to-Asset % Chart

3M Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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37.36

32.38

36.38

33.11

28.87

3M Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															29.16	29.14	30.89	30.54	26.34

Competitive Comparison of 3M Co's Gross-Profit-to-Asset %

For the Conglomerates subindustry, 3M 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.

3M Co's Gross-Profit-to-Asset % Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, 3M Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 3M Co's Gross-Profit-to-Asset % falls into.

3M Co Gross-Profit-to-Asset % Calculation

3M 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 )
	=	13025.068	/	( (43853.52	+	46381.86)	/ 2 )
	=	13025.068	/	45117.69
	=	28.87 %

3M 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 )
	=	12232.78	/	( (46494.877	+	46381.86)	/ 2 )
	=	12232.78	/	46438.3685
	=	26.34 %

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.

3M Co Gross-Profit-to-Asset % Related Terms

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3M Co (FRA:MMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » 3M Co (FRA:MMM) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

MMM:USA MMM:Mexico 1MMM:Italy MMMd:UK MMM:Germany MMM:Chile MMM:Switzerland MMMC34:Brazil MMM:Austria MMM:Argentina

Address

3M Center, St. Paul, MN, USA, 55144

Website

https://www.3m.com

3M is a multinational conglomerate that has operated since 1902, when it was known as Minnesota Mining and Manufacturing. The company is well known for its research and development laboratory and it leverages its science and technology across multiple product categories. As of 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets.