Royal Bank of Canada (Royal Bank of Canada) Gross-Profit-to-Asset %

: 2.74% (As of Jan. 2024)

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Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Royal Bank of Canada's annualized Gross Profit for the quarter that ended in Jan. 2024 was $40,137 Mil. Royal Bank of Canada's average Total Assets over the quarter that ended in Jan. 2024 was $1,466,564 Mil. Therefore, Royal Bank of Canada's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 2.74%.

Royal Bank of Canada Gross-Profit-to-Asset % Historical Data

The historical data trend for Royal Bank of Canada'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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Royal Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Gross-Profit-to-Asset %

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3.29

3.08

3.06

2.57

2.87

Royal Bank of Canada 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															2.80	2.78	2.99	2.63	2.74

Competitive Comparison

For the Banks - Diversified subindustry, Royal Bank of Canada'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.

Royal Bank of Canada Gross-Profit-to-Asset % Distribution

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

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

Royal Bank of Canada Gross-Profit-to-Asset % Calculation

Royal Bank of Canada'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 )
	=	41026.838	/	( (1400554.46	+	1462217.036)	/ 2 )
	=	41026.838	/	1431385.748
	=	2.87 %

Royal Bank of Canada'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 )
	=	40137.08	/	( (1462217.036	+	1470911.868)	/ 2 )
	=	40137.08	/	1466564.452
	=	2.74 %

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.

Royal Bank of Canada Gross-Profit-to-Asset % Related Terms

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Royal Bank of Canada (Royal Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (NYSE:RY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

RYC:Germany RYC:Germany RY.PR.S.PFD:Canada RY.PR.Z.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada

Address

1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.