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Qingdao Hanhe Cable Co (SZSE:002498) Gross-Profit-to-Asset % : 12.88% (As of Mar. 2024)


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What is Qingdao Hanhe Cable 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. Qingdao Hanhe Cable Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥1,348 Mil. Qingdao Hanhe Cable Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥10,466 Mil. Therefore, Qingdao Hanhe Cable Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 12.88%.


Qingdao Hanhe Cable Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Qingdao Hanhe Cable 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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Qingdao Hanhe Cable Co Gross-Profit-to-Asset % Chart

Qingdao Hanhe Cable 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 18.45 22.34 21.92 20.78 18.73

Qingdao Hanhe Cable 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 15.95 18.97 22.57 17.00 12.88

Competitive Comparison of Qingdao Hanhe Cable Co's Gross-Profit-to-Asset %

For the Electrical Equipment & Parts subindustry, Qingdao Hanhe Cable 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.


Qingdao Hanhe Cable Co's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Qingdao Hanhe Cable Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Qingdao Hanhe Cable Co's Gross-Profit-to-Asset % falls into.



Qingdao Hanhe Cable Co Gross-Profit-to-Asset % Calculation

Qingdao Hanhe Cable 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 )
=1898.608/( (9855.448+10415.859)/ 2 )
=1898.608/10135.6535
=18.73 %

Qingdao Hanhe Cable 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 )
=1348.108/( (10415.859+10516.338)/ 2 )
=1348.108/10466.0985
=12.88 %

* 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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Qingdao Hanhe Cable Co (SZSE:002498) Business Description

Traded in Other Exchanges
N/A
Address
No.6 Lishan(E) Industrial Park, Qingdao, Shandong, CHN, 266102
Qingdao Hanhe Cable Co Ltd is engaged in the research, development, and manufacture of wires and cables in China. The company offers power cables, cable accessories, submarine cables, optical power composite cables, electrical equipment wires and cables, overhead conductors, communication cables, radio-frequency cables, bus bar and prefabricated branch cables, nuclear plant cables, fire-resistant cables, and DC series cables.

Qingdao Hanhe Cable Co (SZSE:002498) Headlines

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