Navient (LTS:0K5R) Gross-Profit-to-Asset % : 1.91% (As of Mar. 2024)

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What is Navient 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. Navient's annualized Gross Profit for the quarter that ended in Mar. 2024 was $1,148 Mil. Navient's average Total Assets over the quarter that ended in Mar. 2024 was $60,202 Mil. Therefore, Navient's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 1.91%.

Navient Gross-Profit-to-Asset % Historical Data

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

Navient Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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2.01

1.85

2.63

2.29

1.94

Navient 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															1.87	1.85	2.62	1.47	1.91

Competitive Comparison of Navient's Gross-Profit-to-Asset %

For the Credit Services subindustry, Navient'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.

Navient's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Navient's Gross-Profit-to-Asset % distribution charts can be found below:

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

Navient Gross-Profit-to-Asset % Calculation

Navient'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 )
	=	1279	/	( (70795	+	61375)	/ 2 )
	=	1279	/	66085
	=	1.94 %

Navient'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 )
	=	1148	/	( (61375	+	59029)	/ 2 )
	=	1148	/	60202
	=	1.91 %

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.

Navient Gross-Profit-to-Asset % Related Terms

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Navient (LTS:0K5R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Navient Corp (LTS:0K5R) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NAVI:USA 10D:Germany

Address

123 Justison Street, Wilmington, DE, USA, 19801

Website

https://www.navient.com

Navient Corp is a financial services company that provides education loan management and business processing services to education, healthcare, and government clients at the federal, state, and local levels. The company operates in Delaware, western New York, northern Pennsylvania, Indiana, Tennessee, Texas, and Virginia, among other locations. The company has three primary reportable business segments: Federal Education Loans, Consumer Lending and Business Processing. The company's fourth and other segment relates to financial results of the company's holding company, including activities related to repurchases of debt, corporate liquidity portfolio, and unallocated overhead and regulatory-related costs.

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