MTEN (Mingteng International) Gross-Profit-to-Asset % : 33.62% (As of Dec. 2023)

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What is Mingteng International 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. Mingteng International's annualized Gross Profit for the quarter that ended in Dec. 2023 was $3.52 Mil. Mingteng International's average Total Assets over the quarter that ended in Dec. 2023 was $10.47 Mil. Therefore, Mingteng International's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 33.62%.

Mingteng International Gross-Profit-to-Asset % Historical Data

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

Mingteng International Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

46.70

59.35

43.43

31.99

Mingteng International Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			45.62	41.03	42.94	30.80	33.62

Competitive Comparison of Mingteng International's Gross-Profit-to-Asset %

For the Metal Fabrication subindustry, Mingteng International'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.

Mingteng International's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

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

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

Mingteng International Gross-Profit-to-Asset % Calculation

Mingteng International'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 )
	=	3.324	/	( (10.069	+	10.713)	/ 2 )
	=	3.324	/	10.391
	=	31.99 %

Mingteng International's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	3.52	/	( (10.23	+	10.713)	/ 2 )
	=	3.52	/	10.4715
	=	33.62 %

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 two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Mingteng International Gross-Profit-to-Asset % Related Terms

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Mingteng International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mingteng International Corp Inc (NAS:MTEN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lvhua Village, Luoshe Town, Huishan District, Jiangsu Province, Wuxi, CHN, 214189

Website

Mingteng International Corp Inc operates as an automotive mold developer and supplier in China. It provides a wide range of products including casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. Besides, it also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery, and other manufacturing industries.

Mingteng International Headlines

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