L3Harris Technologies (L3Harris Technologies) Gross-Profit-to-Asset % : 13.38% (As of Dec. 2023)

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What is L3Harris Technologies 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. L3Harris Technologies's annualized Gross Profit for the quarter that ended in Dec. 2023 was $5,620 Mil. L3Harris Technologies's average Total Assets over the quarter that ended in Dec. 2023 was $41,990 Mil. Therefore, L3Harris Technologies's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 13.38%.

L3Harris Technologies Gross-Profit-to-Asset % Historical Data

The historical data trend for L3Harris Technologies'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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L3Harris Technologies Gross-Profit-to-Asset % Chart

L3Harris Technologies Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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23.38

22.55

15.00

14.44

13.60

L3Harris Technologies Quarterly Data
	Mar19	Jun19	Sep19	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															15.09	13.51	13.74	13.46	13.38

Competitive Comparison of L3Harris Technologies's Gross-Profit-to-Asset %

For the Aerospace & Defense subindustry, L3Harris Technologies'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.

L3Harris Technologies's Gross-Profit-to-Asset % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, L3Harris Technologies's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where L3Harris Technologies's Gross-Profit-to-Asset % falls into.

L3Harris Technologies Gross-Profit-to-Asset % Calculation

L3Harris Technologies'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 )
	=	5113	/	( (33524	+	41687)	/ 2 )
	=	5113	/	37605.5
	=	13.60 %

L3Harris Technologies'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 )
	=	5620	/	( (42293	+	41687)	/ 2 )
	=	5620	/	41990
	=	13.38 %

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.

L3Harris Technologies Gross-Profit-to-Asset % Related Terms

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L3Harris Technologies (L3Harris Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » L3Harris Technologies Inc (NYSE:LHX) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

LHX:Mexico HRS:Germany HRS:Germany L1HX34:Brazil

Address

1025 West NASA Boulevard, Melbourne, FL, USA, 32919

Website

https://www.l3harris.com

L3Harris Technologies provides products for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, or C4ISR, market. The firm produces uncrewed aerial vehicles, sensors, and avionics, as well as provides military and commercial training services and maintains the U.S. Federal Aviation Administration's communications infrastructure. In July 2023, the company acquired Aerojet Rocketdyne, a key supplier of rocket motors to the space and defense industry.

Executives

Edward J Zoiss	officer: President, Electronic Systems	HARRIS CORPORATION, 1395 TROUTMAN BOULEVARD NE, PALM BAY FL 32904
Ross Niebergall	officer: President, Aerojet Rocketdyne	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Melanie Rakita	officer: Vice President & CHRO	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Rice Edward A Jr	director	C/O L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Samir Mehta	officer: Pres., Communication Systems	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Dana A Mehnert	officer: President, RF Communications	HARRIS CORPORATION, 1680 UNIVERSITY AVENUE, ROCHESTER NY 14610
James P Girard	officer: Vice President, HR	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christopher E Kubasik	director, officer: President and COO
Jon Rambeau	officer: Pres., Integrated Mission Sys.	L3HARRIS TECHNOLOGIES, INC., 1395 TROUTMAN BLVD., NE, PALM BAY FL 32905
Scott T Mikuen	officer: VP-General Counsel & Secretary	HARRIS CORPORATION, 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Christina L Zamarro	director	200 INNOVATION WAY, AKRON OH 44316
Joanna Geraghty	director	C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Michelle L. Turner	officer: SVP, Chief Financial Officer	L3HARRIS TECHNOLOGIES, INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Harris Harry B. Jr	director	L3HARRIS TECHNOLOGIES INC., 1025 W. NASA BOULEVARD, MELBOURNE FL 32919
Todd W. Gautier	officer: Segment President	600 THIRD AVENUE 35TH FLOOR, NEW YORK NY 10016