Nobleoak Life (ASX:NOL) Gross-Profit-to-Asset % : 93.85% (As of Dec. 2023)

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What is Nobleoak Life 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. Nobleoak Life's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$349.8 Mil. Nobleoak Life's average Total Assets over the quarter that ended in Dec. 2023 was A$372.7 Mil. Therefore, Nobleoak Life's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 93.85%.

Nobleoak Life Gross-Profit-to-Asset % Historical Data

The historical data trend for Nobleoak Life'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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Nobleoak Life Gross-Profit-to-Asset % Chart

Nobleoak Life Annual Data

Trend

Jun22

Jun23

Gross-Profit-to-Asset %

121.60

79.21

Nobleoak Life Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			160.04	115.56	114.22	76.19	93.85

Competitive Comparison of Nobleoak Life's Gross-Profit-to-Asset %

For the Insurance - Life subindustry, Nobleoak Life'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.

Nobleoak Life's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Nobleoak Life's Gross-Profit-to-Asset % distribution charts can be found below:

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

Nobleoak Life Gross-Profit-to-Asset % Calculation

Nobleoak Life'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 )
	=	194.097	/	( (148.513	+	341.554)	/ 2 )
	=	194.097	/	245.0335
	=	79.21 %

Nobleoak Life'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 )
	=	349.778	/	( (341.554	+	403.879)	/ 2 )
	=	349.778	/	372.7165
	=	93.85 %

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.

Nobleoak Life Gross-Profit-to-Asset % Related Terms

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Nobleoak Life (ASX:NOL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Nobleoak Life Ltd (ASX:NOL) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

44 Market Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.nobleoak.com.au

Nobleoak Life Ltd is a registered friendly society providing life insurance. Its insurance options include Life Insurance, Income Protection Insurance, Trauma Insurance, TPD Insurance, and Business Expenses Insurance. The company's segment includes Direct; Strategic Partnerships and Genus. It generates maximum revenue from the Direct segment.

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