Go Innovate Asia Bhd (XKLS:03028) Gross-Profit-to-Asset % : 23.19% (As of Dec. 2024)

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What is Go Innovate Asia Bhd 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. Go Innovate Asia Bhd's annualized Gross Profit for the quarter that ended in Dec. 2024 was RM22 Mil. Go Innovate Asia Bhd's average Total Assets over the quarter that ended in Dec. 2024 was RM94 Mil. Therefore, Go Innovate Asia Bhd's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was 23.19%.

Go Innovate Asia Bhd Gross-Profit-to-Asset % Historical Data

The historical data trend for Go Innovate Asia Bhd'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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Go Innovate Asia Bhd Gross-Profit-to-Asset % Chart

Go Innovate Asia Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Gross-Profit-to-Asset %

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42.46

20.59

14.47

20.13

31.03

Go Innovate Asia Bhd Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial									6.47	17.33	21.00	31.48	23.19

Competitive Comparison of Go Innovate Asia Bhd's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Go Innovate Asia Bhd'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.

Go Innovate Asia Bhd's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Go Innovate Asia Bhd's Gross-Profit-to-Asset % falls into.

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Go Innovate Asia Bhd Gross-Profit-to-Asset % Calculation

Go Innovate Asia Bhd's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2024 )	/	( (Total Assets (A: Dec. 2023 )	+	Total Assets (A: Dec. 2024 ))	/ count )
	=	23.068	/	( (58.243	+	90.458)	/ 2 )
	=	23.068	/	74.3505
	=	31.03 %

Go Innovate Asia Bhd's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	21.724	/	( (96.866	+	90.458)	/ 2 )
	=	21.724	/	93.662
	=	23.19 %

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

Go Innovate Asia Bhd Gross-Profit-to-Asset % Related Terms

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Go Innovate Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Go Innovate Asia Bhd (XKLS:03028) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19-1, Jalan USJ 10/1D, Subang Jaya, Kuala Lumpur, SGR, MYS, 47620

Website

https://www.ace2u.com

Go Innovate Asia Bhd Formerly Ace Innovate Asia Bhd is a gold bullion trader based in Malaysia. The company trades in physical gold products such as scrap gold bars, cast gold bars and minted gold bars. It is also involved in assaying services as well as participate as a market maker for Bursa Malaysia Derivatives Gold Futures Contract and PT Bursa Komoditi dan Derivatif Indonesia. Its segments include Bullion trading of physical gold products and Provision of related products and services.

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