Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Gross-Profit-to-Asset % : 30.16% (As of Mar. 2024)

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What is Telefonaktiebolaget L M Ericsson 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. Telefonaktiebolaget L M Ericsson's annualized Gross Profit for the quarter that ended in Mar. 2024 was $8,705 Mil. Telefonaktiebolaget L M Ericsson's average Total Assets over the quarter that ended in Mar. 2024 was $28,863 Mil. Therefore, Telefonaktiebolaget L M Ericsson's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 30.16%.

Telefonaktiebolaget L M Ericsson Gross-Profit-to-Asset % Historical Data

The historical data trend for Telefonaktiebolaget L M Ericsson'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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Telefonaktiebolaget L M Ericsson Gross-Profit-to-Asset % Chart

Telefonaktiebolaget L M Ericsson Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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30.45

36.29

33.54

32.44

31.63

Telefonaktiebolaget L M Ericsson Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															27.68	27.60	29.98	39.42	30.16

Competitive Comparison of Telefonaktiebolaget L M Ericsson's Gross-Profit-to-Asset %

For the Communication Equipment subindustry, Telefonaktiebolaget L M Ericsson'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.

Telefonaktiebolaget L M Ericsson's Gross-Profit-to-Asset % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Telefonaktiebolaget L M Ericsson's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Telefonaktiebolaget L M Ericsson's Gross-Profit-to-Asset % falls into.

Telefonaktiebolaget L M Ericsson Gross-Profit-to-Asset % Calculation

Telefonaktiebolaget L M Ericsson'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 )
	=	9905.046	/	( (33680.574	+	28957.651)	/ 2 )
	=	9905.046	/	31319.1125
	=	31.63 %

Telefonaktiebolaget L M Ericsson's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	8705.156	/	( (28957.651	+	28769.03)	/ 2 )
	=	8705.156	/	28863.3405
	=	30.16 %

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

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Telefonaktiebolaget L M Ericsson (Telefonaktiebolaget L M Ericsson) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Telefonaktiebolaget L M Ericsson (NAS:ERIC) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Address

Torshamnsgatan 21, Kista, Stockholm, SWE, SE-164 83

Website

https://www.ericsson.com

Ericsson provides telecom equipment and services that are primarily used to build and facilitate mobile networks through operations in three segments: networks, cloud and software services, and enterprises. The firm's customers have historically been primarily wireless carriers, but the firm is making a push to cater more to other enterprises as well, both as they try to take advantage of 5G capabilities and on other "as-a-service" communications platforms. The company also licenses its patents to handset manufacturers so their devices are compatible with wireless networks.