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China Southern Airlines Co (SHSE:600029) Gross-Profit-to-Asset % : 6.26% (As of Mar. 2024)


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What is China Southern Airlines Co 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. China Southern Airlines Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥19,504 Mil. China Southern Airlines Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥311,478 Mil. Therefore, China Southern Airlines Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 6.26%.


China Southern Airlines Co Gross-Profit-to-Asset % Historical Data

The historical data trend for China Southern Airlines Co'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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China Southern Airlines Co Gross-Profit-to-Asset % Chart

China Southern Airlines Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.24 -0.74 -0.80 -5.92 3.98

China Southern Airlines Co 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 0.98 5.44 10.74 -1.02 6.26

Competitive Comparison of China Southern Airlines Co's Gross-Profit-to-Asset %

For the Airlines subindustry, China Southern Airlines Co'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.


China Southern Airlines Co's Gross-Profit-to-Asset % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, China Southern Airlines Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where China Southern Airlines Co's Gross-Profit-to-Asset % falls into.



China Southern Airlines Co Gross-Profit-to-Asset % Calculation

China Southern Airlines Co'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 )
=12347/( (312001+309226)/ 2 )
=12347/310613.5
=3.98 %

China Southern Airlines Co'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 )
=19504/( (309226+313729)/ 2 )
=19504/311477.5
=6.26 %

* 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.


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China Southern Airlines Co (SHSE:600029) Business Description

Traded in Other Exchanges
Address
68 Qixin Road, China Southern Air Building, Baiyun District, Guangdong Province, Guangzhou, CHN, 510403
China Southern Airlines is based in Guangzhou and is one of the three largest state-owned airlines in China. The group operated a fleet of 894 aircraft as of 2022 and carried more than 150 million passengers in prepandemic 2019, ranking first in Asia. It runs a spoke-and-hub model under which it gathers and distributes passengers from air hubs like Guangzhou and Beijing. The group's route network extends to over 243 destinations and 44 countries and regions.

China Southern Airlines Co (SHSE:600029) Headlines

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