Credit Acceptance (BSP:CRDA34) Gross-Profit-to-Asset % : 16.10% (As of Mar. 2024)

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What is Credit Acceptance 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. Credit Acceptance's annualized Gross Profit for the quarter that ended in Mar. 2024 was R$6,249 Mil. Credit Acceptance's average Total Assets over the quarter that ended in Mar. 2024 was R$38,805 Mil. Therefore, Credit Acceptance's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 16.10%.

Credit Acceptance Gross-Profit-to-Asset % Historical Data

The historical data trend for Credit Acceptance'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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Credit Acceptance Gross-Profit-to-Asset % Chart

Credit Acceptance Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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15.91

18.62

20.63

18.59

16.83

Credit Acceptance 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															16.98	17.19	17.65	17.20	16.10

Competitive Comparison of Credit Acceptance's Gross-Profit-to-Asset %

For the Credit Services subindustry, Credit Acceptance'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.

Credit Acceptance's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

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

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

Credit Acceptance Gross-Profit-to-Asset % Calculation

Credit Acceptance'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 )
	=	6185.508	/	( (36217.913	+	37288.458)	/ 2 )
	=	6185.508	/	36753.1855
	=	16.83 %

Credit Acceptance'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 )
	=	6248.652	/	( (37288.458	+	40321.441)	/ 2 )
	=	6248.652	/	38804.9495
	=	16.10 %

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.

Credit Acceptance Gross-Profit-to-Asset % Related Terms

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Credit Acceptance (BSP:CRDA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Acceptance Corp (BSP:CRDA34) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

CACC:USA

Address

25505 W. Twelve Mile Road, Southfield, MI, USA, 48034-8339

Website

https://www.creditacceptance.com

Credit Acceptance Corp is a consumer finance company that specializes in automobile loans. These loans are offered through a U.S. nationwide network of automobile dealers that benefit from sales of vehicles to consumers who could otherwise not obtain financing. The company also benefits from repeat and referral sales, and from sales to customers responding to advertisements for financing, but qualify for traditional financing. The company derives its revenue from finance charges, premiums earned on the reinsurance of vehicle service contracts, and other fees. Of these, financing charges, including servicing fees, are by far the largest source of revenue.

Credit Acceptance (BSP:CRDA34) Headlines

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