Lowe's (WBO:LOWE) Gross-Profit-to-Asset % : 56.29% (As of Jan. 2024)

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What is Lowe's 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. Lowe's's annualized Gross Profit for the quarter that ended in Jan. 2024 was €22,131 Mil. Lowe's's average Total Assets over the quarter that ended in Jan. 2024 was €39,317 Mil. Therefore, Lowe's's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 56.29%.

Lowe's Gross-Profit-to-Asset % Historical Data

The historical data trend for Lowe's'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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Lowe's Gross-Profit-to-Asset % Chart

Lowe's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Gross-Profit-to-Asset %

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62.84

65.68

72.82

74.81

67.10

Lowe's Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															61.06	66.62	73.96	64.84	56.29

Competitive Comparison of Lowe's's Gross-Profit-to-Asset %

For the Home Improvement Retail subindustry, Lowe's'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.

Lowe's's Gross-Profit-to-Asset % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's Gross-Profit-to-Asset % distribution charts can be found below:

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

Lowe's Gross-Profit-to-Asset % Calculation

Lowe's's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jan. 2024 )	/	( (Total Assets (A: Jan. 2023 )	+	Total Assets (A: Jan. 2024 ))	/ count )
	=	26478.792	/	( (40561.024	+	38367.81)	/ 2 )
	=	26478.792	/	39464.417
	=	67.10 %

Lowe's's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	22131.144	/	( (40265.493	+	38367.81)	/ 2 )
	=	22131.144	/	39316.6515
	=	56.29 %

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 (Jan. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Lowe's Gross-Profit-to-Asset % Related Terms

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Lowe's (WBO:LOWE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lowe's Companies Inc (WBO:LOWE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

LOW:USA LOW:Mexico LWE:Germany LWE:Germany LOWC34:Brazil

Address

1000 Lowes Boulevard, Mooresville, NC, USA, 28117

Website

https://www.lowes.com

Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.

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