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Sagen MI Canada (TSX:MIC.PR.A.PFD) Gross-Profit-to-Asset % : 12.74% (As of Mar. 2024)


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What is Sagen MI Canada 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. Sagen MI Canada's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$863.52 Mil. Sagen MI Canada's average Total Assets over the quarter that ended in Mar. 2024 was C$6,780.14 Mil. Therefore, Sagen MI Canada's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 12.74%.


Sagen MI Canada Gross-Profit-to-Asset % Historical Data

The historical data trend for Sagen MI Canada'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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Sagen MI Canada Gross-Profit-to-Asset % Chart

Sagen MI Canada 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 12.45 12.14 13.37 7.86 10.69

Sagen MI Canada 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 8.29 12.93 16.06 1.75 12.74

Competitive Comparison of Sagen MI Canada's Gross-Profit-to-Asset %

For the Insurance - Specialty subindustry, Sagen MI Canada'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.


Sagen MI Canada's Gross-Profit-to-Asset % Distribution in the Insurance Industry

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

* The bar in red indicates where Sagen MI Canada's Gross-Profit-to-Asset % falls into.



Sagen MI Canada Gross-Profit-to-Asset % Calculation

Sagen MI Canada'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 )
=721.918/( (6597.518+6905.837)/ 2 )
=721.918/6751.6775
=10.69 %

Sagen MI Canada'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 )
=863.524/( (6905.837+6654.435)/ 2 )
=863.524/6780.136
=12.74 %

* 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.


Sagen MI Canada Gross-Profit-to-Asset % Related Terms

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Sagen MI Canada (TSX:MIC.PR.A.PFD) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
2060 Winston Park Drive, Suite 300, Oakville, ON, CAN, L6H 5R7
Sagen MI Canada Inc private sector residential mortgage insurer in Canada. The Company provides mortgage default insurance to Canadian residential mortgage lenders, making homeownership more accessible to first-time homebuyers. The company operates exclusively in Canada, with roughly half its policies in Ontario and remaining policies in Alberta, British Columbia, Quebec and Other.

Sagen MI Canada (TSX:MIC.PR.A.PFD) Headlines

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