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Hi-Tech Pipes (NSE:HITECH) Gross-Profit-to-Asset % : 25.64% (As of Jun. 2024)


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What is Hi-Tech Pipes 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. Hi-Tech Pipes's annualized Gross Profit for the quarter that ended in Jun. 2024 was ₹3,022 Mil. Hi-Tech Pipes's average Total Assets over the quarter that ended in Jun. 2024 was ₹11,787 Mil. Therefore, Hi-Tech Pipes's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 25.64%.


Hi-Tech Pipes Gross-Profit-to-Asset % Historical Data

The historical data trend for Hi-Tech Pipes'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.

Hi-Tech Pipes Gross-Profit-to-Asset % Chart

Hi-Tech Pipes Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.92 21.67 18.96 17.49 15.75

Hi-Tech Pipes Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 20.33 22.82 24.68 0.10 25.64

Competitive Comparison of Hi-Tech Pipes's Gross-Profit-to-Asset %

For the Steel subindustry, Hi-Tech Pipes'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.


Hi-Tech Pipes's Gross-Profit-to-Asset % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hi-Tech Pipes's Gross-Profit-to-Asset % distribution charts can be found below:

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



Hi-Tech Pipes Gross-Profit-to-Asset % Calculation

Hi-Tech Pipes's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=1649.111/( (9155.238+11786.994)/ 2 )
=1649.111/10471.116
=15.75 %

Hi-Tech Pipes's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=3022.248/( (11786.994+0)/ 1 )
=3022.248/11786.994
=25.64 %

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


Hi-Tech Pipes Gross-Profit-to-Asset % Related Terms

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Hi-Tech Pipes Business Description

Traded in Other Exchanges
Address
505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034
Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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