PDD Holdings (PDD Holdings) Gross-Profit-to-Asset % : 65.66% (As of Dec. 2023)

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What is PDD 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. PDD Holdings's annualized Gross Profit for the quarter that ended in Dec. 2023 was USD30,141 Mil. PDD Holdings's average Total Assets over the quarter that ended in Dec. 2023 was USD45,905 Mil. Therefore, PDD Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 65.66%.

PDD Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for PDD 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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PDD Holdings Gross-Profit-to-Asset % Chart

PDD Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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39.65

35.00

37.04

45.51

52.77

PDD Holdings 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															55.56	44.70	51.31	56.60	65.66

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

For the Internet Retail subindustry, PDD 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.

PDD Holdings's Gross-Profit-to-Asset % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PDD Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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

PDD Holdings Gross-Profit-to-Asset % Calculation

PDD 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 )
	=	21836.311	/	( (34011.784	+	48749.071)	/ 2 )
	=	21836.311	/	41380.4275
	=	52.77 %

PDD 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 )
	=	30140.76	/	( (43060.488	+	48749.071)	/ 2 )
	=	30140.76	/	45904.7795
	=	65.66 %

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.

PDD Holdings Gross-Profit-to-Asset % Related Terms

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PDD Holdings (PDD Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PDD Holdings Inc (NAS:PDD) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

PDD:Mexico 0A2S:UK 9PDA:Germany 9PDA:Germany P1DD34:Brazil

Address

First Floor, 25 St Stephen’s Green, Dublin 2,, Dublin 2, IRL, D02 XF99

Website

https://www.pddholdings.com

PDD Holdings (Nasdaq: PDD) is a multinational commerce group that owns and operates a portfolio of businesses. PDD Holdings aims to bring more businesses and people into the digital economy so that local communities and small businesses can benefit from the increased productivity and new opportunities. PDD Holdings has built a network of sourcing, logistics, and fulfilment capabilities, that support its underlying businesses.