Align Technology (BSP:A1LG34) Gross-Profit-to-Asset % : 45.98% (As of Mar. 2024)

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What is Align Technology 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. Align Technology's annualized Gross Profit for the quarter that ended in Mar. 2024 was R$13,900 Mil. Align Technology's average Total Assets over the quarter that ended in Mar. 2024 was R$30,232 Mil. Therefore, Align Technology's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 45.98%.

Align Technology Gross-Profit-to-Asset % Historical Data

The historical data trend for Align Technology'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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Align Technology Gross-Profit-to-Asset % Chart

Align Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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78.51

51.67

56.80

42.64

43.48

Align Technology 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															44.45	45.75	42.93	43.01	45.98

Competitive Comparison of Align Technology's Gross-Profit-to-Asset %

For the Medical Devices subindustry, Align Technology'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.

Align Technology's Gross-Profit-to-Asset % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Align Technology's Gross-Profit-to-Asset % distribution charts can be found below:

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

Align Technology Gross-Profit-to-Asset % Calculation

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

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2023 )	/	( (Total Assets (A: Dec. 2022 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	13263.087	/	( (31199.361	+	29809.781)	/ 2 )
	=	13263.087	/	30504.571
	=	43.48 %

Align Technology'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 )
	=	13899.936	/	( (29809.781	+	30654.424)	/ 2 )
	=	13899.936	/	30232.1025
	=	45.98 %

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.

Align Technology Gross-Profit-to-Asset % Related Terms

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Align Technology (BSP:A1LG34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Align Technology Inc (BSP:A1LG34) » Definitions » Gross-Profit-to-Asset %

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ALGN:USA ALGN:Mexico AFW:Germany AFW:Germany

Address

410 North Scottsdale Road, Suite 1300, Tempe, AZ, USA, 85281

Website

https://www.aligntech.com

Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the FDA in 1998, and it has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans and iTero scans make up over half of these scans.

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