Mieco Chipboard Bhd (XKLS:5001) Gross-Profit-to-Asset % : 67.58% (As of Dec. 2024)

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What is Mieco Chipboard 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. Mieco Chipboard Bhd's annualized Gross Profit for the quarter that ended in Dec. 2024 was RM446.4 Mil. Mieco Chipboard Bhd's average Total Assets over the quarter that ended in Dec. 2024 was RM660.6 Mil. Therefore, Mieco Chipboard Bhd's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was 67.58%.

Mieco Chipboard Bhd Gross-Profit-to-Asset % Historical Data

The historical data trend for Mieco Chipboard 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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Mieco Chipboard Bhd Gross-Profit-to-Asset % Chart

Mieco Chipboard Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Gross-Profit-to-Asset %

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3.65

4.84

-0.77

-8.71

4.50

Mieco Chipboard Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															65.26	60.42	53.56	65.36	67.58

Competitive Comparison of Mieco Chipboard Bhd's Gross-Profit-to-Asset %

For the Lumber & Wood Production subindustry, Mieco Chipboard 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.

Mieco Chipboard Bhd's Gross-Profit-to-Asset % Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mieco Chipboard Bhd's Gross-Profit-to-Asset % distribution charts can be found below:

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

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Mieco Chipboard Bhd Gross-Profit-to-Asset % Calculation

Mieco Chipboard 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 )
	=	29.614	/	( (662.423	+	653.6)	/ 2 )
	=	29.614	/	658.0115
	=	4.50 %

Mieco Chipboard 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: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	446.436	/	( (667.665	+	653.6)	/ 2 )
	=	446.436	/	660.6325
	=	67.58 %

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

Mieco Chipboard Bhd Gross-Profit-to-Asset % Related Terms

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Mieco Chipboard Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Mieco Chipboard Bhd (XKLS:5001) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Indah 2/6, No. 1, Block C, Taman Indah, Batu 11, Cheras, SGR, MYS, 43200

Website

https://www.mieco.com.my

Mieco Chipboard Bhd is an investment holding company. It is also engaged in the provision of management services. The core business includes the manufacturing and distribution of particle boards also known as chipboards, with the primary focus on plain boards and melamine-faced boards. In addition, its other operation comprises investment holding. Its product includes mieco plain board and mieco decorative melamine-faced chipboard. These products are commonly used as core materials for home and office furniture. Geographically company operates across Malaysia, Hong Kong, and China, and others.

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