Hengdian Group Dmegc Magnetics Co (SZSE:002056) Gross-Profit-to-Asset % : 12.59% (As of Mar. 2024)

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What is Hengdian Group Dmegc Magnetics 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. Hengdian Group Dmegc Magnetics Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥2,686 Mil. Hengdian Group Dmegc Magnetics Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥21,332 Mil. Therefore, Hengdian Group Dmegc Magnetics Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 12.59%.

Hengdian Group Dmegc Magnetics Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Hengdian Group Dmegc Magnetics 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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Hengdian Group Dmegc Magnetics Co Gross-Profit-to-Asset % Chart

Hengdian Group Dmegc Magnetics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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19.57

21.43

20.34

22.29

21.07

Hengdian Group Dmegc Magnetics 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															25.29	25.37	18.05	14.42	12.59

Competitive Comparison of Hengdian Group Dmegc Magnetics Co's Gross-Profit-to-Asset %

For the Consumer Electronics subindustry, Hengdian Group Dmegc Magnetics 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.

Hengdian Group Dmegc Magnetics Co's Gross-Profit-to-Asset % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hengdian Group Dmegc Magnetics Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Hengdian Group Dmegc Magnetics Co's Gross-Profit-to-Asset % falls into.

Hengdian Group Dmegc Magnetics Co Gross-Profit-to-Asset % Calculation

Hengdian Group Dmegc Magnetics 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 )
	=	4087.959	/	( (17609.893	+	21195.726)	/ 2 )
	=	4087.959	/	19402.8095
	=	21.07 %

Hengdian Group Dmegc Magnetics 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 )
	=	2685.792	/	( (21195.726	+	21469.039)	/ 2 )
	=	2685.792	/	21332.3825
	=	12.59 %

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

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Hengdian Group Dmegc Magnetics Co (SZSE:002056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hengdian Group Dmegc Magnetics Co Ltd (SZSE:002056) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

N/A

Address

Hengdian Industrial Zone, Dongyang, Zhejiang, CHN, 322118

Website

http://www.chinadmegc.com

Hengdian Group Dmegc Magnetics Co Ltd is a Chinese company engaged in making products based on hard ferrite and magnet soft ferrite cores. The products of the company include hard ferrite magnets, ferrite cores, solar cells, solar modules, rare earth magnets, motor housing, hard alloys, batteries, and flexible copper clad laminate. These products are widely used in the fields of the electronic appliance, automotive, communication and others. In addition, the group is also involved in the business of hotels, mining, health care home, international trade and others. The company exports its products to EU, USA, Japan, South America, South East Asia and other regions.

Hengdian Group Dmegc Magnetics Co (SZSE:002056) Headlines

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