Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Watsco's annualizedGross Profit for the quarter that ended in Dec. 2023 was $1,658 Mil.
Watsco's average Total Assets over the quarter that ended in Dec. 2023 was $3,884 Mil. Therefore, Watsco's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 42.68%.
Watsco Gross-Profit-to-Asset % Historical Data
The historical data trend for Watsco'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.
For the Industrial Distribution subindustry, Watsco'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.
Watsco Gross-Profit-to-Asset % Distribution
For the Industrial Distribution industry and Industrials sector, Watsco's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Watsco's Gross-Profit-to-Asset % falls into.
Watsco Gross-Profit-to-Asset % Calculation
Watsco's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 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 (Dec. 2023) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Watsco Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Watsco's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Watsco is the largest heating, ventilation, air-conditioning, and refrigeration products distributor in North America. The company primarily operates in the United States (91% of 2022 revenue) with significant exposure in the Sunbelt states. Watsco also has operations in Canada (5% of sales) and Latin America and the Caribbean (4% of sales). The company's customer base consists of more than 120,000 dealers and contractors that serve the replacement and new construction HVACR markets for residential and light commercial applications.
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