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Definity Financial (TSX:DFY) Gross-Profit-to-Asset % : 70.07% (As of Dec. 2023)


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What is Definity Financial 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. Definity Financial's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$4,971 Mil. Definity Financial's average Total Assets over the quarter that ended in Dec. 2023 was C$7,094 Mil. Therefore, Definity Financial's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 70.07%.


Definity Financial Gross-Profit-to-Asset % Historical Data

The historical data trend for Definity Financial'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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Definity Financial Gross-Profit-to-Asset % Chart

Definity Financial Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
40.73 44.35 44.83 57.53

Definity Financial Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 50.76 61.03 53.08 52.02 70.07

Competitive Comparison of Definity Financial's Gross-Profit-to-Asset %

For the Insurance - Property & Casualty subindustry, Definity Financial'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.


Definity Financial's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Definity Financial's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Definity Financial's Gross-Profit-to-Asset % falls into.



Definity Financial Gross-Profit-to-Asset % Calculation

Definity Financial'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 )
=4050.2/( (6819.7+7259.5)/ 2 )
=4050.2/7039.6
=57.53 %

Definity Financial'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 )
=4970.8/( (6928.2+7259.5)/ 2 )
=4970.8/7093.85
=70.07 %

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


Definity Financial Gross-Profit-to-Asset % Related Terms

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Definity Financial (TSX:DFY) Business Description

Traded in Other Exchanges
Address
111 Westmount Road South, Waterloo, ON, CAN, N2L 2L6
Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers. Its commercial insurance products include fleet, individually-rated commercial auto, property, liability, and specialty insurance products.

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