ING Groep NV (ING Groep NV) Gross-Profit-to-Asset % : 2.19% (As of Dec. 2023)

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What is ING Groep NV 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. ING Groep NV's annualized Gross Profit for the quarter that ended in Dec. 2023 was $23,594 Mil. ING Groep NV's average Total Assets over the quarter that ended in Dec. 2023 was $1,077,101 Mil. Therefore, ING Groep NV's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 2.19%.

ING Groep NV Gross-Profit-to-Asset % Historical Data

The historical data trend for ING Groep NV'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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ING Groep NV Gross-Profit-to-Asset % Chart

ING Groep NV Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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2.01

2.04

1.87

1.88

2.34

ING Groep NV 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															1.99	2.25	2.25	2.26	2.19

Competitive Comparison of ING Groep NV's Gross-Profit-to-Asset %

For the Banks - Diversified subindustry, ING Groep NV'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.

ING Groep NV's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ING Groep NV's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where ING Groep NV's Gross-Profit-to-Asset % falls into.

ING Groep NV Gross-Profit-to-Asset % Calculation

ING Groep NV'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 )
	=	24432.933	/	( (1025229.873	+	1063885.496)	/ 2 )
	=	24432.933	/	1044557.6845
	=	2.34 %

ING Groep NV'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 )
	=	23594.328	/	( (1090316.969	+	1063885.496)	/ 2 )
	=	23594.328	/	1077101.2325
	=	2.19 %

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.

ING Groep NV Gross-Profit-to-Asset % Related Terms

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ING Groep NV (ING Groep NV) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

INGVF:USA INGA:Netherlands INGA:Italy 0A2K:UK INGAa:UK 0RIC:UK INN1:Germany INNA:Germany INN1:Germany INN1:Germany INNA:Germany INN1:Germany INGG34:Brazil INGA:Austria ING:Argentina

Address

Bijlmerdreef 106, Amsterdam, NLD, 1102 CT

Website

https://www.ing.com

The merger of the Dutch postal bank and NN Insurance in 1991 created ING. Through a series of further acquisitions ING build up a global footprint. The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia. Its global wholesale banking operation is primarily focused on lending.