KUKE (Kuke Music Holding) Gross-Profit-to-Asset % : 31.37% (As of Jun. 2024)

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What is Kuke Music Holding 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. Kuke Music Holding's annualized Gross Profit for the quarter that ended in Jun. 2024 was $11.20 Mil. Kuke Music Holding's average Total Assets over the quarter that ended in Jun. 2024 was $35.69 Mil. Therefore, Kuke Music Holding's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 31.37%.

Kuke Music Holding Gross-Profit-to-Asset % Historical Data

The historical data trend for Kuke Music Holding'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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Kuke Music Holding Gross-Profit-to-Asset % Chart

Kuke Music Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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26.11

17.61

17.30

2.37

20.19

Kuke Music Holding Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial						5.09	-3.33	32.60	6.71	31.37

Competitive Comparison of Kuke Music Holding's Gross-Profit-to-Asset %

For the Entertainment subindustry, Kuke Music Holding'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.

Kuke Music Holding's Gross-Profit-to-Asset % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Kuke Music Holding's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Kuke Music Holding's Gross-Profit-to-Asset % falls into.

Kuke Music Holding Gross-Profit-to-Asset % Calculation

Kuke Music Holding'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 )
	=	7.085	/	( (35.392	+	34.803)	/ 2 )
	=	7.085	/	35.0975
	=	20.19 %

Kuke Music Holding's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	11.196	/	( (34.803	+	36.571)	/ 2 )
	=	11.196	/	35.687
	=	31.37 %

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 (Jun. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Kuke Music Holding Gross-Profit-to-Asset % Related Terms

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Kuke Music Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuke Music Holding Ltd (NYSE:KUKE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024

Website

https://www.kuke.com

Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.