Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. NEW GERMANY FUND's annualizedGross Profit for the quarter that ended in Dec. 2023 was $4.74 Mil.
NEW GERMANY FUND's average Total Assets over the quarter that ended in Dec. 2023 was $185.68 Mil. Therefore, NEW GERMANY FUND's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 2.55%.
NEW GERMANY FUND Gross-Profit-to-Asset % Historical Data
The historical data trend for NEW GERMANY FUND'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.
Competitive Comparison of NEW GERMANY FUND's Gross-Profit-to-Asset %
For the Asset Management subindustry, NEW GERMANY FUND'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.
NEW GERMANY FUND's Gross-Profit-to-Asset % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, NEW GERMANY FUND's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where NEW GERMANY FUND's Gross-Profit-to-Asset % falls into.
NEW GERMANY FUND Gross-Profit-to-Asset % Calculation
NEW GERMANY FUND's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
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 two times the semi-annual (Dec. 2023) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
NEW GERMANY FUND Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of NEW GERMANY FUND's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
NEW GERMANY FUND (NEW GERMANY FUND) Business Description
NEW GERMANY FUND INC is the United States based non-diversified, closed-end management investment company. As the investment objective, the fund seeks long-term capital appreciation through investment in middle market German equities. The fund's portfolio of investment includes investment in different sectors such as the industrials, information technology, material, consumer discretionary, Communication Services, Financials, Consumer Staples, Real Estate, Utilities, healthcare, Energy and others. Its portfolio is geographically diversified across the Netherlands, Germany, and Italy.
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