Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Rite Aid's annualizedGross Profit for the quarter that ended in Aug. 2023 was $4,382 Mil.
Rite Aid's average Total Assets over the quarter that ended in Aug. 2023 was $7,388 Mil. Therefore, Rite Aid's annualized Gross-Profit-to-Asset % for the quarter that ended in Aug. 2023 was 59.32%.
Rite Aid Gross-Profit-to-Asset % Historical Data
The historical data trend for Rite Aid'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.
Competitive Comparison of Rite Aid's Gross-Profit-to-Asset %
For the Pharmaceutical Retailers subindustry, Rite Aid'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.
Rite Aid's Gross-Profit-to-Asset % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Rite Aid's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Rite Aid's Gross-Profit-to-Asset % falls into.
Rite Aid Gross-Profit-to-Asset % Calculation
Rite Aid's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Feb. 2023 is calculated as:
* 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 (Aug. 2023) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Rite Aid Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Rite Aid's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Rite Aid Corp is a large retail drugstore chain in the United States. The company reports via two segments: retail pharmacy and pharmacy services. The retail pharmacy segment generates revenue primarily through the sale of prescription drugs, along with an assortment of merchandise that includes over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and numerous other everyday consumables. The pharmacy-services segment relates to EnvisionRx, a fully owned subsidiary that operates as a pharmacy benefit management provider offering a broad range of pharmaceutical services.
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