Mizuho Financial Group (BUE:MFG) Gross-Profit-to-Asset % : 1.16% (As of Dec. 2023)

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What is Mizuho Financial Group 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. Mizuho Financial Group's annualized Gross Profit for the quarter that ended in Dec. 2023 was ARS7,680,339 Mil. Mizuho Financial Group's average Total Assets over the quarter that ended in Dec. 2023 was ARS662,060,875 Mil. Therefore, Mizuho Financial Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 1.16%.

Mizuho Financial Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Mizuho Financial Group'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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Mizuho Financial Group Gross-Profit-to-Asset % Chart

Mizuho Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross-Profit-to-Asset %

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1.41

1.37

1.31

1.14

1.34

Mizuho Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															1.18	1.17	1.14	1.28	1.16

Competitive Comparison of Mizuho Financial Group's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Mizuho Financial Group'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.

Mizuho Financial Group's Gross-Profit-to-Asset % Distribution in the Banks Industry

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

* The bar in red indicates where Mizuho Financial Group's Gross-Profit-to-Asset % falls into.

Mizuho Financial Group Gross-Profit-to-Asset % Calculation

Mizuho Financial Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
	=	3946201.136	/	( (214663830.017	+	375782529.557)	/ 2 )
	=	3946201.136	/	295223179.787
	=	1.34 %

Mizuho Financial Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	7680339.156	/	( (644279696.474	+	679842052.861)	/ 2 )
	=	7680339.156	/	662060874.6675
	=	1.16 %

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 (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Mizuho Financial Group Gross-Profit-to-Asset % Related Terms

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Mizuho Financial Group (BUE:MFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mizuho Financial Group Inc (BUE:MFG) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

MZHOF:USA MFG:USA 8411:Japan MZ8A:Germany

Address

1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176

Website

https://www.mizuho-fg.co.jp

Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, Mizuho's market share of domestic loans was 6.7%, compared with 7.1% for SMFG and 8.1% for MUFG. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers that own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.