WCT (Wellchange Holdings Co) Gross-Profit-to-Asset % : 46.05% (As of Jun. 2024)

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What is Wellchange Holdings 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. Wellchange Holdings Co's annualized Gross Profit for the quarter that ended in Jun. 2024 was $1.71 Mil. Wellchange Holdings Co's average Total Assets over the quarter that ended in Jun. 2024 was $3.71 Mil. Therefore, Wellchange Holdings Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 46.05%.

Wellchange Holdings Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Wellchange Holdings 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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Wellchange Holdings Co Gross-Profit-to-Asset % Chart

Wellchange Holdings Co Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

28.66

69.94

69.22

Wellchange Holdings Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			36.84	90.75	76.18	71.25	46.05

Competitive Comparison of Wellchange Holdings Co's Gross-Profit-to-Asset %

For the Software - Application subindustry, Wellchange Holdings 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.

Wellchange Holdings Co's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Wellchange Holdings Co's Gross-Profit-to-Asset % distribution charts can be found below:

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

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Wellchange Holdings Co Gross-Profit-to-Asset % Calculation

Wellchange Holdings 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 )
	=	1.942	/	( (2.314	+	3.297)	/ 2 )
	=	1.942	/	2.8055
	=	69.22 %

Wellchange Holdings Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	1.71	/	( (3.297	+	4.13)	/ 2 )
	=	1.71	/	3.7135
	=	46.05 %

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 two times the semi-annual (Jun. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Wellchange Holdings Co Gross-Profit-to-Asset % Related Terms

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Wellchange Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.wchingtech.com

Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.