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Discover Financial Services (STU:DC7) Gross-Profit-to-Asset % : 11.09% (As of Mar. 2024)


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What is Discover Financial Services 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. Discover Financial Services's annualized Gross Profit for the quarter that ended in Mar. 2024 was €15,493 Mil. Discover Financial Services's average Total Assets over the quarter that ended in Mar. 2024 was €139,710 Mil. Therefore, Discover Financial Services's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 11.09%.


Discover Financial Services Gross-Profit-to-Asset % Historical Data

The historical data trend for Discover Financial Services'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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Discover Financial Services Gross-Profit-to-Asset % Chart

Discover Financial Services 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 10.37 9.33 11.21 11.31 11.05

Discover Financial Services 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 11.25 11.38 11.58 11.26 11.09

Competitive Comparison of Discover Financial Services's Gross-Profit-to-Asset %

For the Credit Services subindustry, Discover Financial Services'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.


Discover Financial Services's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Discover Financial Services's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Discover Financial Services's Gross-Profit-to-Asset % falls into.



Discover Financial Services Gross-Profit-to-Asset % Calculation

Discover Financial Services'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 )
=14543.62/( (124330.464+138945.674)/ 2 )
=14543.62/131638.069
=11.05 %

Discover Financial Services'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 )
=15492.8/( (138945.674+140473.88)/ 2 )
=15492.8/139709.777
=11.09 %

* 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.


Discover Financial Services Gross-Profit-to-Asset % Related Terms

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Discover Financial Services (STU:DC7) Business Description

Traded in Other Exchanges
Address
2500 Lake Cook Road, Riverwoods, IL, USA, 60015
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.

Discover Financial Services (STU:DC7) Headlines

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