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Xi an Novastar Tech Co (SZSE:301589) Gross-Profit-to-Asset % : 31.64% (As of Mar. 2024)


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What is Xi an Novastar Tech 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. Xi an Novastar Tech Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥1,547 Mil. Xi an Novastar Tech Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥4,889 Mil. Therefore, Xi an Novastar Tech Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 31.64%.


Xi an Novastar Tech Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Xi an Novastar Tech 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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Xi an Novastar Tech Co Gross-Profit-to-Asset % Chart

Xi an Novastar Tech Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 62.05 37.67 41.24 39.03 44.47

Xi an Novastar Tech Co Quarterly Data
Dec18 Dec19 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 35.08 44.72 47.56 49.77 31.64

Competitive Comparison of Xi an Novastar Tech Co's Gross-Profit-to-Asset %

For the Electronic Components subindustry, Xi an Novastar Tech 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.


Xi an Novastar Tech Co's Gross-Profit-to-Asset % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xi an Novastar Tech Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Xi an Novastar Tech Co's Gross-Profit-to-Asset % falls into.



Xi an Novastar Tech Co Gross-Profit-to-Asset % Calculation

Xi an Novastar Tech 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 )
=1598.817/( (3016.782+4174.451)/ 2 )
=1598.817/3595.6165
=44.47 %

Xi an Novastar Tech 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 )
=1546.848/( (4174.451+5604.279)/ 2 )
=1546.848/4889.365
=31.64 %

* 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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Xi an Novastar Tech Co (SZSE:301589) Business Description

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Xi an Novastar Tech Co Ltd is engaged in the research and application of video and display control core algorithms to provide users with professional comprehensive software and hardware solutions. It focuses on LED display applications and provides over 4000 customers with full link solutions from video processing to display control.

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