Ondo InsurTech (LSE:ONDO) Gross-Profit-to-Asset % : 21.20% (As of Sep. 2023)

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What is Ondo InsurTech 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. Ondo InsurTech's annualized Gross Profit for the quarter that ended in Sep. 2023 was £0.59 Mil. Ondo InsurTech's average Total Assets over the quarter that ended in Sep. 2023 was £2.85 Mil. Therefore, Ondo InsurTech's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 21.20%.

Ondo InsurTech Gross-Profit-to-Asset % Historical Data

The historical data trend for Ondo InsurTech'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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Ondo InsurTech Gross-Profit-to-Asset % Chart

Ondo InsurTech Annual Data

Trend

Gross-Profit-to-Asset %

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Gross-Profit-to-Asset %	17.29	-69.02	42.03	21.20

Competitive Comparison of Ondo InsurTech's Gross-Profit-to-Asset %

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Gross-Profit-to-Asset % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Gross-Profit-to-Asset % distribution charts can be found below:

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

Ondo InsurTech Gross-Profit-to-Asset % Calculation

Ondo InsurTech's annualized Gross-Profit-to-Asset % for the fiscal year that ended in . 20 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Ondo InsurTech's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Aug. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.588	/	( (2.926	+	2.774)	/ 2 )
	=	0.588	/	2.85
	=	20.63 %

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

Ondo InsurTech Gross-Profit-to-Asset % Related Terms

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Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

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