China Telecom (FRA:ZCHA) Gross-Profit-to-Asset % : 44.59% (As of Mar. 2024)

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What is China Telecom 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. China Telecom's annualized Gross Profit for the quarter that ended in Mar. 2024 was €48,108 Mil. China Telecom's average Total Assets over the quarter that ended in Mar. 2024 was €107,889 Mil. Therefore, China Telecom's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 44.59%.

China Telecom Gross-Profit-to-Asset % Historical Data

The historical data trend for China Telecom'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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China Telecom Gross-Profit-to-Asset % Chart

China Telecom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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35.19

34.41

37.32

35.38

41.86

China Telecom 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															64.32	62.31	40.60	63.40	44.59

Competitive Comparison of China Telecom's Gross-Profit-to-Asset %

For the Telecom Services subindustry, China Telecom'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.

China Telecom's Gross-Profit-to-Asset % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, China Telecom's Gross-Profit-to-Asset % distribution charts can be found below:

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

China Telecom Gross-Profit-to-Asset % Calculation

China Telecom'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 )
	=	45352.985	/	( (109365.996	+	107341.732)	/ 2 )
	=	45352.985	/	108353.864
	=	41.86 %

China Telecom'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 )
	=	48107.512	/	( (107341.732	+	108435.953)	/ 2 )
	=	48107.512	/	107888.8425
	=	44.59 %

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.

China Telecom Gross-Profit-to-Asset % Related Terms

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China Telecom (FRA:ZCHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Telecom Corp Ltd (FRA:ZCHA) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

00728:Hong Kong ZCH:Germany ZCH:Germany 601728:China

Address

31 Jinrong Street, Xicheng District, Beijing, CHN, 100033

Website

https://www.chinatelecom-h.com

China Telecom is the largest fixed-line operator in China, originally covering 21 southern provinces. It has 102 million fixed-line subscribers, 189 million broadband customers, and 406 million wireless subscribers, having overtaken China Unicom to become the second-largest wireless operator in China behind China Mobile. The firm is increasing its cross-selling of products and seeing strong growth from industrial digitization services, such as internet data centers and cloud computing. Its internet data center business is already the largest in China, with a plan to have 560,000 cabinets by end 2023.

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