Ecit AS (OSL:ECIT) Gross-Profit-to-Asset % : 84.59% (As of Jun. 2024)

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What is Ecit AS 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. Ecit AS's annualized Gross Profit for the quarter that ended in Jun. 2024 was kr3,288 Mil. Ecit AS's average Total Assets over the quarter that ended in Jun. 2024 was kr3,887 Mil. Therefore, Ecit AS's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 84.59%.

Ecit AS Gross-Profit-to-Asset % Historical Data

The historical data trend for Ecit AS'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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Ecit AS Gross-Profit-to-Asset % Chart

Ecit AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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76.28

77.62

80.15

81.73

82.59

Ecit AS Quarterly Data
	Dec18	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															84.95	71.93	84.31	81.18	84.59

Competitive Comparison of Ecit AS's Gross-Profit-to-Asset %

For the Information Technology Services subindustry, Ecit AS'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.

Ecit AS's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Ecit AS's Gross-Profit-to-Asset % distribution charts can be found below:

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

Ecit AS Gross-Profit-to-Asset % Calculation

Ecit AS'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 )
	=	2814	/	( (3045	+	3769)	/ 2 )
	=	2814	/	3407
	=	82.59 %

Ecit AS'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 )
	=	3288	/	( (3918	+	3856)	/ 2 )
	=	3288	/	3887
	=	84.59 %

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.

Ecit AS Gross-Profit-to-Asset % Related Terms

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Ecit AS Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Rolfsbuktveien 4A, Fornebu, NOR, 1364

Website

https://www.ecit.com

Ecit AS provides services within key business areas of IT, Finance & Accounting and Tech across sectors and industries. The company has a model for acquisition and integration, ensuring proximity to customers and local entrepreneurship combined with the strength of a larger international group. The group's business operations are carried out by three divisions: IT, Finance & Accounting, and Tech. The Finance & Accounting division improves customers' efficiency through delivering administrative services in a productive way along with being a key revenue driver for the company.

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