Grindrod Shipping Holdings (Grindrod Shipping Holdings) Gross-Profit-to-Asset % : 10.04% (As of Dec. 2023)

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What is Grindrod Shipping Holdings 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. Grindrod Shipping Holdings's annualized Gross Profit for the quarter that ended in Dec. 2023 was $46.8 Mil. Grindrod Shipping Holdings's average Total Assets over the quarter that ended in Dec. 2023 was $466.4 Mil. Therefore, Grindrod Shipping Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 10.04%.

Grindrod Shipping Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for Grindrod Shipping Holdings'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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Grindrod Shipping Holdings Gross-Profit-to-Asset % Chart

Grindrod Shipping Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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2.27

0.71

27.92

7.79

Grindrod Shipping Holdings Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															15.31	5.31	12.91	3.41	10.04

Competitive Comparison of Grindrod Shipping Holdings's Gross-Profit-to-Asset %

For the Marine Shipping subindustry, Grindrod Shipping Holdings'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.

Grindrod Shipping Holdings's Gross-Profit-to-Asset % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Grindrod Shipping Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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

Grindrod Shipping Holdings Gross-Profit-to-Asset % Calculation

Grindrod Shipping Holdings'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 )
	=	39.367	/	( (549.231	+	460.884)	/ 2 )
	=	39.367	/	505.0575
	=	7.79 %

Grindrod Shipping Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	46.812	/	( (471.849	+	460.884)	/ 2 )
	=	46.812	/	466.3665
	=	10.04 %

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. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Grindrod Shipping Holdings Gross-Profit-to-Asset % Related Terms

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Grindrod Shipping Holdings (Grindrod Shipping Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Grindrod Shipping Holdings Ltd (NAS:GRIN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

GSH:South Africa 1RZ:Germany

Address

200 Cantonment Road, No. 03-01 Southpoint, Singapore, SGP, 089763

Website

https://www.grinshipping.com

Grindrod Shipping Holdings Ltd owns charters in and operates a fleet of drybulk carriers and one tanker. The drybulk carrier's business is further divided into handysize, and supramax. It generates its revenue from Vessels which comprise charter hire of ships and freight revenue.

Executives

Industrial Partnership Investments Proprietary Ltd

10 percent owner

P O BOX 456, STELLENBOSCH T3 7599