Firstrand (JSE:FSR) Gross-Profit-to-Asset % : 5.98% (As of Dec. 2023)

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What is Firstrand 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. Firstrand's annualized Gross Profit for the quarter that ended in Dec. 2023 was R138,484 Mil. Firstrand's average Total Assets over the quarter that ended in Dec. 2023 was R2,316,559 Mil. Therefore, Firstrand's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 5.98%.

Firstrand Gross-Profit-to-Asset % Historical Data

The historical data trend for Firstrand'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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Firstrand Gross-Profit-to-Asset % Chart

Firstrand Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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6.64

5.79

5.71

5.92

6.13

Firstrand Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															5.87	5.81	6.16	6.12	5.98

Competitive Comparison of Firstrand's Gross-Profit-to-Asset %

For the Banks - Diversified subindustry, Firstrand'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.

Firstrand's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Firstrand's Gross-Profit-to-Asset % distribution charts can be found below:

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

Firstrand Gross-Profit-to-Asset % Calculation

Firstrand's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	131794	/	( (1999569	+	2297610)	/ 2 )
	=	131794	/	2148589.5
	=	6.13 %

Firstrand'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	138484	/	( (2297610	+	2335508)	/ 2 )
	=	138484	/	2316559
	=	5.98 %

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

Firstrand Gross-Profit-to-Asset % Related Terms

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Firstrand (JSE:FSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firstrand Ltd (JSE:FSR) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

FANDY:USA FST:Namibia FSRA:Germany

Address

Corner Fredman Drive and Rivonia Road, 4 Merchant Place, C Low, Sandton, Johannesburg, GT, ZAF, 2196

Website

https://www.firstrand.co.za

Firstrand Ltd wholly owns FirstRand Bank, a full-service bank providing a comprehensive range of retail, commercial, corporate and investment banking services in South Africa and offers niche products. The bank has three divisions, which are separately branded: First National Bank (FNB), WesBank and Rand Merchant Bank (RMB). The bank's retail and commercial brand is the contributor of normalized earnings, followed by its corporate and investment brand. FirstRand's retail and commercial division emphasizes a diverse range of financial services with a strategic emphasis on cost controls and digital platforms. The bank's corporate and investment brand heavily relies on its origination franchise as part of its value proposition.

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