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SpareBank 1 SMN (LTS:0IVM) Gross-Profit-to-Asset % : 3.10% (As of Sep. 2024)


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What is SpareBank 1 SMN 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. SpareBank 1 SMN's annualized Gross Profit for the quarter that ended in Sep. 2024 was kr7,576 Mil. SpareBank 1 SMN's average Total Assets over the quarter that ended in Sep. 2024 was kr244,657 Mil. Therefore, SpareBank 1 SMN's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 3.10%.


SpareBank 1 SMN Gross-Profit-to-Asset % Historical Data

The historical data trend for SpareBank 1 SMN'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.

* Premium members only.

SpareBank 1 SMN Gross-Profit-to-Asset % Chart

SpareBank 1 SMN Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.24 3.13 2.63 2.52 3.17

SpareBank 1 SMN Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.88 3.85 3.36 3.36 3.10

Competitive Comparison of SpareBank 1 SMN's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, SpareBank 1 SMN'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.


SpareBank 1 SMN's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, SpareBank 1 SMN's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where SpareBank 1 SMN's Gross-Profit-to-Asset % falls into.



SpareBank 1 SMN Gross-Profit-to-Asset % Calculation

SpareBank 1 SMN'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 )
=7218/( (223110+232717)/ 2 )
=7218/227913.5
=3.17 %

SpareBank 1 SMN's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=7576/( (243363+245951)/ 2 )
=7576/244657
=3.10 %

* 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 four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


SpareBank 1 SMN Gross-Profit-to-Asset % Related Terms

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SpareBank 1 SMN Business Description

Traded in Other Exchanges
Address
Sondre gate 4, Trondheim, NOR, 7011
SpareBank 1 SMN is a regional bank offering retail and corporate banking services and principally operating in Norway. The bank is among the owners of the SpareBank 1 Alliance. A key element of the bank's is to maintain a variety of office solutions in municipal and administrative centers where the bank's customers are drawn. The bank is also making a push into digital banking channels via the Internet and mobile banking. The bank's credit is heavily exposed to the real estate, construction, sea farming, agriculture, fisheries, shipbuilding, offshore, and retail industries, as well as the public and energy sectors. The bank's income is split nearly evenly between net interest income and net fees and commission income.

SpareBank 1 SMN Headlines

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