MIELY (Mitsubishi Electric) Gross-Profit-to-Asset % : 29.91% (As of Sep. 2024)

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What is Mitsubishi Electric 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. Mitsubishi Electric's annualized Gross Profit for the quarter that ended in Sep. 2024 was $12,252 Mil. Mitsubishi Electric's average Total Assets over the quarter that ended in Sep. 2024 was $40,964 Mil. Therefore, Mitsubishi Electric's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 29.91%.

Mitsubishi Electric Gross-Profit-to-Asset % Historical Data

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

Mitsubishi Electric Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

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29.26

25.39

24.45

24.81

24.88

Mitsubishi Electric 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															26.39	26.58	28.29	23.48	29.91

Competitive Comparison of Mitsubishi Electric's Gross-Profit-to-Asset %

For the Electrical Equipment & Parts subindustry, Mitsubishi Electric'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.

Mitsubishi Electric's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Electric's Gross-Profit-to-Asset % distribution charts can be found below:

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

Mitsubishi Electric Gross-Profit-to-Asset % Calculation

Mitsubishi Electric's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	10318.138	/	( (41765.221	+	41165.383)	/ 2 )
	=	10318.138	/	41465.302
	=	24.88 %

Mitsubishi Electric'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 )
	=	12252.108	/	( (39307.374	+	42620.724)	/ 2 )
	=	12252.108	/	40964.049
	=	29.91 %

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

Mitsubishi Electric Gross-Profit-to-Asset % Related Terms

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Mitsubishi Electric Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

MIELF:USA 6503:Japan MIE1:Germany MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.