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

Tower (ASX:TWR) Gross-Profit-to-Asset % : 61.06% (As of Mar. 2024)


View and export this data going back to 1999. Start your Free Trial

What is Tower 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. Tower's annualized Gross Profit for the quarter that ended in Mar. 2024 was A$440.7 Mil. Tower's average Total Assets over the quarter that ended in Mar. 2024 was A$721.8 Mil. Therefore, Tower's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 61.06%.


Tower Gross-Profit-to-Asset % Historical Data

The historical data trend for Tower'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.

* Premium members only.

Tower Gross-Profit-to-Asset % Chart

Tower Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 44.02 46.78 46.62 42.94 47.95

Tower Semi-Annual Data
Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.74 45.31 45.27 40.67 61.06

Competitive Comparison of Tower's Gross-Profit-to-Asset %

For the Insurance - Property & Casualty subindustry, Tower'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.


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

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

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



Tower Gross-Profit-to-Asset % Calculation

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

Gross-Profit-to-Asset %=Gross Profit (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=380.382/( (713.323+873.221)/ 2 )
=380.382/793.272
=47.95 %

Tower's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=440.738/( (873.221+570.474)/ 2 )
=440.738/721.8475
=61.06 %

* 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 two times the semi-annual (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Tower Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Tower's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.


Tower (ASX:TWR) Business Description

Traded in Other Exchanges
Address
136 Fanshawe Street, Level 5, PO Box 90347, Auckland, NTL, NZL, 1142
Tower Ltd is a general insurance company. The company provides insurance services namely car, house, contents, travel, business, boat insurance among others. The company has two geographical segments, New Zealand General Insurance, and Pacific Islands General Insurance. The company derives majority of its revenue from New Zealand segment.

Tower (ASX:TWR) Headlines

No Headlines