Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. nVent Electric's annualizedGross Profit for the quarter that ended in Dec. 2023 was $1,415 Mil.
nVent Electric's average Total Assets over the quarter that ended in Dec. 2023 was $6,044 Mil. Therefore, nVent Electric's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 23.42%.
nVent Electric Gross-Profit-to-Asset % Historical Data
The historical data trend for nVent Electric'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.
Competitive Comparison of nVent Electric's Gross-Profit-to-Asset %
For the Electrical Equipment & Parts subindustry, nVent Electric'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.
nVent Electric's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, nVent Electric's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where nVent Electric's Gross-Profit-to-Asset % falls into.
nVent Electric Gross-Profit-to-Asset % Calculation
nVent Electric's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
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.
nVent Electric Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of nVent Electric's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
nVent Electric (nVent Electric) Business Description
nVent Electric PLC is a provider of electrical connection and protection solutions. The company segments include Enclosures, Thermal Management, and Electrical and Fastening Solutions. It generates maximum revenue from the Enclosures segment. The Enclosures segment provides inventive solutions that protect, connect and manage heat in critical electronics, communication, control, and power equipment. Geographically, it derives a majority of revenue from the U.S. and Canada. The company serves the Commercial and Residential, Energy, Industrial Solutions, and Infrastructure industries. Its products include Cabinets and Electronic Packaging, Electrical Fasteners, Hangers and Support, Concrete Reinforcing Steel Connections, Data Center and Networking Systems and others.
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