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Tenaris (MIL:TEN) Gross-Profit-to-Asset % : 18.28% (As of Sep. 2024)


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What is Tenaris 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. Tenaris's annualized Gross Profit for the quarter that ended in Sep. 2024 was €3,532 Mil. Tenaris's average Total Assets over the quarter that ended in Sep. 2024 was €19,324 Mil. Therefore, Tenaris's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 18.28%.


Tenaris Gross-Profit-to-Asset % Historical Data

The historical data trend for Tenaris'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.

Tenaris Gross-Profit-to-Asset % Chart

Tenaris 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 15.20 7.07 14.05 30.07 31.67

Tenaris 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 26.06 25.04 24.58 22.21 18.28

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

For the Oil & Gas Equipment & Services subindustry, Tenaris'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.


Tenaris's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenaris's Gross-Profit-to-Asset % distribution charts can be found below:

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



Tenaris Gross-Profit-to-Asset % Calculation

Tenaris'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 )
=5685.35/( (16567.432+19332.098)/ 2 )
=5685.35/17949.765
=31.67 %

Tenaris'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 )
=3531.656/( (19601.65+19047.329)/ 2 )
=3531.656/19324.4895
=18.28 %

* 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.


Tenaris Gross-Profit-to-Asset % Related Terms

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Tenaris Business Description

Industry
Address
26, Boulevard Royal, 4th Floor, Luxembourg, LUX, L-2449
Tenaris is one of the largest global producers of oil country tubular goods, which are used primarily in the construction of oil and gas wells. Its production facilities are located primarily in the US, Argentina, Mexico, and Italy. Tenaris' premium OCTG products are among the most trusted by oil companies for use in the most challenging applications, including deep-water offshore wells and horizontal shale wells.