8Common (ASX:8CO) Gross-Profit-to-Asset % : 65.62% (As of Dec. 2023)

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What is 8Common 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. 8Common's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$3.35 Mil. 8Common's average Total Assets over the quarter that ended in Dec. 2023 was A$5.10 Mil. Therefore, 8Common's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 65.62%.

8Common Gross-Profit-to-Asset % Historical Data

The historical data trend for 8Common'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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8Common Gross-Profit-to-Asset % Chart

8Common Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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32.15

48.07

43.43

42.10

54.52

8Common Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial														35.68	38.97	53.78	52.47	65.62

Competitive Comparison of 8Common's Gross-Profit-to-Asset %

For the Software - Application subindustry, 8Common'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.

8Common's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, 8Common's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 8Common's Gross-Profit-to-Asset % falls into.

8Common Gross-Profit-to-Asset % Calculation

8Common's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	3.944	/	( (8.73	+	5.738)	/ 2 )
	=	3.944	/	7.234
	=	54.52 %

8Common'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3.346	/	( (5.738	+	4.46)	/ 2 )
	=	3.346	/	5.099
	=	65.62 %

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 two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

8Common Gross-Profit-to-Asset % Related Terms

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8Common (ASX:8CO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 8Common Ltd (ASX:8CO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 George Street, Level 6, Sydney, NSW, AUS, 2000

Website

https://www.8common.com

8Common Ltd is engaged in the business of developing and distributing software. The company distributes two software solutions - expense8, and perform8. Its only operating segment is Productivity and Performance. Expense8 is a Travel and Expense management software solution that manages and streamlines the end-to-end processing of employee-generated expenses. Its Perform8 is a survey and action planning solution that diagnoses and prioritizes areas for improvement across the business. The company's newest software solution is CardHero: which is an integrated fund disbursement and spend management solution.

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