Otis Worldwide (BSP:O1TI34) Gross-Profit-to-Asset % : 41.65% (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is Otis Worldwide 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. Otis Worldwide's annualized Gross Profit for the quarter that ended in Mar. 2024 was R$20,477 Mil. Otis Worldwide's average Total Assets over the quarter that ended in Mar. 2024 was R$49,164 Mil. Therefore, Otis Worldwide's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 41.65%.

Otis Worldwide Gross-Profit-to-Asset % Historical Data

The historical data trend for Otis Worldwide'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.

Otis Worldwide Gross-Profit-to-Asset % Chart

Otis Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

Get a 7-Day Free Trial

41.75

40.99

38.08

34.00

40.65

Otis Worldwide 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															40.38	41.86	41.12	41.50	41.65

Competitive Comparison of Otis Worldwide's Gross-Profit-to-Asset %

For the Specialty Industrial Machinery subindustry, Otis Worldwide'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.

Otis Worldwide's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Otis Worldwide's Gross-Profit-to-Asset % distribution charts can be found below:

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

Otis Worldwide Gross-Profit-to-Asset % Calculation

Otis Worldwide'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 )
	=	20544.861	/	( (51504.583	+	49571.277)	/ 2 )
	=	20544.861	/	50537.93
	=	40.65 %

Otis Worldwide'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 )
	=	20476.936	/	( (49571.277	+	48757.222)	/ 2 )
	=	20476.936	/	49164.2495
	=	41.65 %

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.

Otis Worldwide Gross-Profit-to-Asset % Related Terms

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

Otis Worldwide (BSP:O1TI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Otis Worldwide Corp (BSP:O1TI34) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

OTIS:USA OTIS:Mexico 4PG:Germany 4PG:Germany

Address

One Carrier Place, Farmington, CT, USA, 06032

Website

https://www.otis.com

Otis is the largest global elevator and escalator supplier by revenue with around 18% global market share. In 1854 Otis' founder and namesake Elisha Graves Otis, invented a safety mechanism that prevented elevators from falling if the hoisting cable failed. The company's product and service lifecycle begins with installations of elevator units in new buildings, later selling maintenance services on the units, and eventually replacement of the units after the average 15- to 20-year useful life of an elevator. As the largest global OEM, Otis has amassed an installed base under service that exceeds 2 million elevators. Its business model is similar to that of its closest competitors Kone, Schindler, and TK Elevator.

Otis Worldwide (BSP:O1TI34) Headlines

No Headlines