Tianyang New material (Shanghai) Technology Co (SHSE:603330) Gross-Profit-to-Asset % : 6.60% (As of Mar. 2024)

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What is Tianyang New material (Shanghai) Technology 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. Tianyang New material (Shanghai) Technology Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥193 Mil. Tianyang New material (Shanghai) Technology Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥2,925 Mil. Therefore, Tianyang New material (Shanghai) Technology Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 6.60%.

Tianyang New material (Shanghai) Technology Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Tianyang New material (Shanghai) Technology 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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Tianyang New material (Shanghai) Technology Co Gross-Profit-to-Asset % Chart

Tianyang New material (Shanghai) Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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16.91

15.98

17.16

10.43

6.07

Tianyang New material (Shanghai) Technology 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															7.57	7.36	2.48	4.41	6.60

Competitive Comparison of Tianyang New material (Shanghai) Technology Co's Gross-Profit-to-Asset %

For the Specialty Chemicals subindustry, Tianyang New material (Shanghai) Technology 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.

Tianyang New material (Shanghai) Technology Co's Gross-Profit-to-Asset % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianyang New material (Shanghai) Technology Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Tianyang New material (Shanghai) Technology Co's Gross-Profit-to-Asset % falls into.

Tianyang New material (Shanghai) Technology Co Gross-Profit-to-Asset % Calculation

Tianyang New material (Shanghai) Technology 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 )
	=	157.14	/	( (2297.836	+	2880.494)	/ 2 )
	=	157.14	/	2589.165
	=	6.07 %

Tianyang New material (Shanghai) Technology 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 )
	=	193.092	/	( (2880.494	+	2968.846)	/ 2 )
	=	193.092	/	2924.67
	=	6.60 %

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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Tianyang New material (Shanghai) Technology Co (SHSE:603330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianyang New material (Shanghai) Technology Co Ltd (SHSE:603330) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 505, Huiping Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.hotmelt.com.cn

Tianyang New material (Shanghai) Technology Co Ltd formerly Shanghai Tianyang Hot Melt Adhesives Co Ltd is principally engaged in research and development, manufacture and sales of thermoplastic environmental protection adhesive materials. It offers copolyester and copolyamide powders; and web, film, and PUR adhesives; adhesive tapes and EVA solar films; and hot melt adhesive particles, powders, and films. Its products are mainly applied in the fields of shoes and clothes, automotive trims, solar cell packaging, household textiles, electronics, industrial filtration, hot melt adhesive products, printing and packaging, furnishings and coating, among others.

Executives

Ma Xi Mei	Director
Li Tie Shan	Director
Li Zhe Long	Director
Shang Xiao Lu	Director
Sun Gao Feng	Supervisors
Zhang Jian Hong	Supervisors
Ma Sheng Jia	Supervisors
Zhu Wan Yu	Director

Tianyang New material (Shanghai) Technology Co (SHSE:603330) Headlines

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