Shandong Molong Petroleum Machinery Co (SZSE:002490) Gross-Profit-to-Asset % : 3.74% (As of Dec. 2023)

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What is Shandong Molong Petroleum Machinery 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. Shandong Molong Petroleum Machinery Co's annualized Gross Profit for the quarter that ended in Dec. 2023 was ¥115.7 Mil. Shandong Molong Petroleum Machinery Co's average Total Assets over the quarter that ended in Dec. 2023 was ¥3,096.8 Mil. Therefore, Shandong Molong Petroleum Machinery Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 3.74%.

Shandong Molong Petroleum Machinery Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Shandong Molong Petroleum Machinery 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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Shandong Molong Petroleum Machinery Co Gross-Profit-to-Asset % Chart

Shandong Molong Petroleum Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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5.74

1.97

4.57

2.13

2.94

Shandong Molong Petroleum Machinery 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															2.38	3.02	2.27	3.74	-

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Gross-Profit-to-Asset %

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery 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.

Shandong Molong Petroleum Machinery Co's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Gross-Profit-to-Asset % falls into.

Shandong Molong Petroleum Machinery Co Gross-Profit-to-Asset % Calculation

Shandong Molong Petroleum Machinery 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 )
	=	101.776	/	( (4038.606	+	2888.082)	/ 2 )
	=	101.776	/	3463.344
	=	2.94 %

Shandong Molong Petroleum Machinery Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	115.684	/	( (3305.575	+	2888.082)	/ 2 )
	=	115.684	/	3096.8285
	=	3.74 %

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 (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Shandong Molong Petroleum Machinery Co Gross-Profit-to-Asset % Related Terms

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Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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