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Garg Furnace (BOM:530615) Gross-Profit-to-Asset % : 60.36% (As of Mar. 2024)


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What is Garg Furnace 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. Garg Furnace's annualized Gross Profit for the quarter that ended in Mar. 2024 was ₹368 Mil. Garg Furnace's average Total Assets over the quarter that ended in Mar. 2024 was ₹610 Mil. Therefore, Garg Furnace's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 60.36%.


Garg Furnace Gross-Profit-to-Asset % Historical Data

The historical data trend for Garg Furnace'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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Garg Furnace Gross-Profit-to-Asset % Chart

Garg Furnace Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.70 7.69 19.16 62.02 56.48

Garg Furnace Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 76.52 55.07 56.40 69.59 60.36

Competitive Comparison of Garg Furnace's Gross-Profit-to-Asset %

For the Steel subindustry, Garg Furnace'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.


Garg Furnace's Gross-Profit-to-Asset % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Garg Furnace's Gross-Profit-to-Asset % distribution charts can be found below:

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



Garg Furnace Gross-Profit-to-Asset % Calculation

Garg Furnace's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=338.133/( (587.774+609.599)/ 2 )
=338.133/598.6865
=56.48 %

Garg Furnace'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: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=367.924/( (0+609.599)/ 1 )
=367.924/609.599
=60.36 %

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


Garg Furnace Gross-Profit-to-Asset % Related Terms

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Garg Furnace (BOM:530615) Business Description

Traded in Other Exchanges
N/A
Address
Kanganwal Road, G.T. Road, V.P.O. Jugiana, Ludhiana, PB, IND, 141120
Garg Furnace Ltd is an India-based company. It is engaged in the manufacturing and trading of alloy and non-alloy steel ingots, wire rods, wire round, mig wire, and casting of iron products. The company operates in a single reportable segment which is the business of manufacturing of Iron and Steel Products such as M.S. Round Ingot, Wire Rod, etc. Geographically, it operates only in India.

Garg Furnace (BOM:530615) Headlines

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