JTEKT (JTEKF) Gross-Profit-to-Asset % : 18.97% (As of Mar. 2024)

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What is JTEKT 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. JTEKT's annualized Gross Profit for the quarter that ended in Mar. 2024 was $2,038 Mil. JTEKT's average Total Assets over the quarter that ended in Mar. 2024 was $10,748 Mil. Therefore, JTEKT's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 18.97%.

JTEKT Gross-Profit-to-Asset % Historical Data

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

JTEKT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

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16.65

13.48

15.02

16.99

17.50

JTEKT 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															22.88	16.88	15.67	21.11	18.97

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

For the Auto Parts subindustry, JTEKT'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.

JTEKT's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, JTEKT's Gross-Profit-to-Asset % distribution charts can be found below:

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

JTEKT Gross-Profit-to-Asset % Calculation

JTEKT's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	1895.139	/	( (10783.395	+	10869.905)	/ 2 )
	=	1895.139	/	10826.65
	=	17.50 %

JTEKT'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 )
	=	2038.44	/	( (10625.942	+	10869.905)	/ 2 )
	=	2038.44	/	10747.9235
	=	18.97 %

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.

JTEKT Gross-Profit-to-Asset % Related Terms

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JTEKT (JTEKF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » JTEKT Corp (OTCPK:JTEKF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

6473:Japan 6JK:Germany

Address

No. 7-1, Meieki 4-chome, Nakamura-ku, 15th floor, Aichi Prefecture, Nagoya, JPN, 450-8515

Website

http://www.jtekt.co.jp

JTEKT Corp is a manufacturer of automotive parts, bearings, and machine tools. The company's largest business division by revenue produces steering systems and driveline components for automobiles and bearings to minimize energy loss used in wind generation, transportation, agriculture, and construction. The smaller machine tools and mechatronics division offers grinders, spindler and CNC machines, and production efficiency enhancement solutions. Jtekt's largest end market is Japan, while the company also generates sales in North America, Europe, and elsewhere in Asia.

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