NDBKF (Nedbank Group) Gross-Profit-to-Asset % : 4.69% (As of Dec. 2024)

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What is Nedbank Group 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. Nedbank Group's annualized Gross Profit for the quarter that ended in Dec. 2024 was $3,553 Mil. Nedbank Group's average Total Assets over the quarter that ended in Dec. 2024 was $75,689 Mil. Therefore, Nedbank Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was 4.69%.

Nedbank Group Gross-Profit-to-Asset % Calculation

Nedbank Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2024 )	/	( (Total Assets (A: Dec. 2023 )	+	Total Assets (A: Dec. 2024 ))	/ count )
	=	3705.251	/	( (70381.692	+	77863.73)	/ 2 )
	=	3705.251	/	74122.711
	=	5.00 %

Nedbank Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	3553.04	/	( (73514.713	+	77863.73)	/ 2 )
	=	3553.04	/	75689.2215
	=	4.69 %

* 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 two times the semi-annual (Dec. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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Nedbank Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nedbank Group Ltd (OTCPK:NDBKF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NED:South Africa NDBKY:USA NBK:Namibia NCO:Germany

Address

135 Rivonia Road, Nedbank 135 Rivonia Campus, Sandown, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.nedbankgroup.co.za

Nedbank Group Ltd is a financial services provider that offers corporate, retail, and investment banking services; insurance; asset management; and wealth management. It operates predominantly in South Africa. Net interest income from lending activities accounts for roughly half of the company's total revenue. Its operating segments include Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Nedbank Africa Regions, and Centre.