Ratnaveer Precision Engineering (BOM:543978) Gross-Profit-to-Asset % : 26.75% (As of Jun. 2024)

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What is Ratnaveer Precision Engineering 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. Ratnaveer Precision Engineering's annualized Gross Profit for the quarter that ended in Jun. 2024 was ₹1,381 Mil. Ratnaveer Precision Engineering's average Total Assets over the quarter that ended in Jun. 2024 was ₹5,161 Mil. Therefore, Ratnaveer Precision Engineering's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 26.75%.

Ratnaveer Precision Engineering Gross-Profit-to-Asset % Historical Data

The historical data trend for Ratnaveer Precision Engineering'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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Ratnaveer Precision Engineering Gross-Profit-to-Asset % Chart

Ratnaveer Precision Engineering Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

20.57

18.55

22.22

21.98

16.82

Ratnaveer Precision Engineering Quarterly Data
	Mar20	Mar21	Mar22	Aug22	Dec22	Mar23	Jun23	Dec23	Mar24	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial					15.41	22.20	-	6.77	26.75

Competitive Comparison of Ratnaveer Precision Engineering's Gross-Profit-to-Asset %

For the Steel subindustry, Ratnaveer Precision Engineering'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.

Ratnaveer Precision Engineering's Gross-Profit-to-Asset % Distribution in the Steel Industry

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

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

Ratnaveer Precision Engineering Gross-Profit-to-Asset % Calculation

Ratnaveer Precision Engineering'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 )
	=	761.22	/	( (3890.48	+	5160.88)	/ 2 )
	=	761.22	/	4525.68
	=	16.82 %

Ratnaveer Precision Engineering's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	1380.76	/	( (5160.88	+	0)	/ 1 )
	=	1380.76	/	5160.88
	=	26.75 %

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

Ratnaveer Precision Engineering Gross-Profit-to-Asset % Related Terms

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Ratnaveer Precision Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ratnaveer Precision Engineering Ltd (BOM:543978) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

RATNAVEER:India

Address

Plot no. E-77, G.I.D.C, Savli (Manjusar), Vadodara, GJ, IND, 391 775

Website

https://www.ratnaveer.com

Ratnaveer Precision Engineering Ltd is a stainless steel (SS) product manufacturer focused on producing finished sheets, washers, solar roofing hooks, pipes and tubes. It manufactures finishing sheets, washers and solar mounting hooks at Unit I and SS pipes & tubes at Unit II. Unit III and Unit IV are dedicated to the backward integration process where Unit III is the melting unit where the company melts steel scrap and turns it into steel ingots and Unit IV is the rolling unit where flat ingots are further processed to turn them into sheets which are the raw material for washers.

Ratnaveer Precision Engineering Headlines

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