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Hit Welding Industry Co (SZSE:301137) Gross-Profit-to-Asset % : 6.37% (As of Mar. 2024)


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What is Hit Welding Industry 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. Hit Welding Industry Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥132 Mil. Hit Welding Industry Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥2,069 Mil. Therefore, Hit Welding Industry Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 6.37%.


Hit Welding Industry Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Hit Welding Industry 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.

* Premium members only.

Hit Welding Industry Co Gross-Profit-to-Asset % Chart

Hit Welding Industry Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 21.36 16.99 14.33 7.74 8.45

Hit Welding Industry Co Quarterly Data
Dec17 Dec18 Dec19 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 5.93 8.56 7.07 12.46 6.37

Competitive Comparison of Hit Welding Industry Co's Gross-Profit-to-Asset %

For the Specialty Industrial Machinery subindustry, Hit Welding Industry 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.


Hit Welding Industry Co's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Hit Welding Industry Co's Gross-Profit-to-Asset % falls into.



Hit Welding Industry Co Gross-Profit-to-Asset % Calculation

Hit Welding Industry 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 )
=173.43/( (2034.786+2069.406)/ 2 )
=173.43/2052.096
=8.45 %

Hit Welding Industry 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 )
=131.828/( (2069.406+2068.64)/ 2 )
=131.828/2069.023
=6.37 %

* 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.


Hit Welding Industry Co Gross-Profit-to-Asset % Related Terms

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Hit Welding Industry Co (SZSE:301137) Business Description

Traded in Other Exchanges
N/A
Address
Yaoguan Town, Wujin District, Jiangsu Province, Changzhou, CHN, 213102
Hit Welding Industry Co Ltd is engaged in research and development, production and sales of various fusion welding materials. The company manufactures metal welding wire, special electrode, welding accessories, trackless guide permanent magnet wheel crawler type all-position autonomous crawling arc welding robot, hoisting machinery equipment manufacturing, and welding equipment.

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