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MTN Nigeria Communications (NSA:MTNN) Gross-Profit-to-Asset % : 50.37% (As of Mar. 2024)


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What is MTN Nigeria Communications 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. MTN Nigeria Communications's annualized Gross Profit for the quarter that ended in Mar. 2024 was ₦1,674,244 Mil. MTN Nigeria Communications's average Total Assets over the quarter that ended in Mar. 2024 was ₦3,323,949 Mil. Therefore, MTN Nigeria Communications's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 50.37%.


MTN Nigeria Communications Gross-Profit-to-Asset % Historical Data

The historical data trend for MTN Nigeria Communications'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.

MTN Nigeria Communications Gross-Profit-to-Asset % Chart

MTN Nigeria Communications Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 64.08 50.85 54.04 58.10 55.16

MTN Nigeria Communications Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 54.49 51.15 49.59 53.91 50.37

Competitive Comparison of MTN Nigeria Communications's Gross-Profit-to-Asset %

For the Telecom Services subindustry, MTN Nigeria Communications'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.


MTN Nigeria Communications's Gross-Profit-to-Asset % Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Nigeria Communications's Gross-Profit-to-Asset % distribution charts can be found below:

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



MTN Nigeria Communications Gross-Profit-to-Asset % Calculation

MTN Nigeria Communications'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 )
=1579856/( (2539369+3188827)/ 2 )
=1579856/2864098
=55.16 %

MTN Nigeria Communications's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1674244/( (3188827+3459070)/ 2 )
=1674244/3323948.5
=50.37 %

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


MTN Nigeria Communications Gross-Profit-to-Asset % Related Terms

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MTN Nigeria Communications (NSA:MTNN) Business Description

Traded in Other Exchanges
N/A
Address
4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, NGA
MTN Nigeria Communications PLC is a provider of communications services. The principal activities of the company are the provision of broadband fixed wireless access service, high-quality telecommunications services, and mobile financial services in Nigeria. The group operates in three reportable segments, namely, Consumer Business Unit (CBU) which consists of subscribers sitting in value propositions and tariff plans for Youth, High Value and Mass segments, Enterprise Business Unit (EBU) consists of small and medium organizations to whom the services are provided, and Wholesale Business Unit (WBU) serves customers who buy MTN telecom products. The majority of the revenue is generated from the CBU segment.

MTN Nigeria Communications (NSA:MTNN) Headlines

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