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Weiqiao Textile Co (Weiqiao Textile Co) Gross-Profit-to-Asset % : 0.17% (As of Jun. 2023)


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What is Weiqiao Textile 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. Weiqiao Textile Co's annualized Gross Profit for the quarter that ended in Jun. 2023 was $6 Mil. Weiqiao Textile Co's average Total Assets over the quarter that ended in Jun. 2023 was $3,525 Mil. Therefore, Weiqiao Textile Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2023 was 0.17%.


Weiqiao Textile Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Weiqiao Textile 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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Weiqiao Textile Co Gross-Profit-to-Asset % Chart

Weiqiao Textile Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.28 3.86 4.07 5.31 -3.83

Weiqiao Textile Co Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
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 7.23 3.40 -3.26 -4.65 0.17

Competitive Comparison of Weiqiao Textile Co's Gross-Profit-to-Asset %

For the Textile Manufacturing subindustry, Weiqiao Textile 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.


Weiqiao Textile Co's Gross-Profit-to-Asset % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Weiqiao Textile Co's Gross-Profit-to-Asset % distribution charts can be found below:

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



Weiqiao Textile Co Gross-Profit-to-Asset % Calculation

Weiqiao Textile Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=-145.761/( (3959.38+3658.245)/ 2 )
=-145.761/3808.8125
=-3.83 %

Weiqiao Textile Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=6.144/( (3658.245+3391.611)/ 2 )
=6.144/3524.928
=0.17 %

* 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 two times the semi-annual (Jun. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Weiqiao Textile Co (Weiqiao Textile Co) Business Description

Traded in Other Exchanges
Address
No. 1, Wei Fang Road, Zouping Economic Development Zone, Zouping City, Shandong Province, Binzhou, CHN, 256200
Weiqiao Textile Co Ltd produces, sells, and distributes textiles including cotton yarn, grey fabric, and denim. Its geographical segment includes Mainland China, Southeast Asia, Hong Kong, South Asia, East Asia, and Other regions. The majority of the company's revenue is generated from Mainland China. It operates in two segments. The textile products segment produces and sells cotton yarn, grey fabric, and denim. The electricity and steam segment generates electricity and steam for internal use in the production of textile products and also for sale to external customers.

Weiqiao Textile Co (Weiqiao Textile Co) Headlines

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