Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. 3M Co's annualizedGross Profit for the quarter that ended in Sep. 2024 was $10,588 Mil.
3M Co's average Total Assets over the quarter that ended in Sep. 2024 was $42,126 Mil. Therefore, 3M Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 25.13%.
3M Co Gross-Profit-to-Asset % Historical Data
The historical data trend for 3M Co'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.
Competitive Comparison of 3M Co's Gross-Profit-to-Asset %
For the Conglomerates subindustry, 3M Co'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.
3M Co's Gross-Profit-to-Asset % Distribution in the Conglomerates Industry
For the Conglomerates industry and Industrials sector, 3M Co's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where 3M Co's Gross-Profit-to-Asset % falls into.
3M Co Gross-Profit-to-Asset % Calculation
3M Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
3M Co Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of 3M Co's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
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