Shopify (Shopify) Gross-Profit-to-Asset % : 39.04% (As of Dec. 2023)

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What is Shopify 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. Shopify's annualized Gross Profit for the quarter that ended in Dec. 2023 was $4,248 Mil. Shopify's average Total Assets over the quarter that ended in Dec. 2023 was $10,882 Mil. Therefore, Shopify's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 39.04%.

Shopify Gross-Profit-to-Asset % Historical Data

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

Shopify Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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30.14

27.40

23.51

22.86

31.87

Shopify 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															29.07	26.41	32.32	35.74	39.04

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

For the Software - Application subindustry, Shopify'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.

Shopify's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Shopify's Gross-Profit-to-Asset % distribution charts can be found below:

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

Shopify Gross-Profit-to-Asset % Calculation

Shopify'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 )
	=	3515	/	( (10757	+	11299)	/ 2 )
	=	3515	/	11028
	=	31.87 %

Shopify'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 )
	=	4248	/	( (10464	+	11299)	/ 2 )
	=	4248	/	10881.5
	=	39.04 %

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.

Shopify Gross-Profit-to-Asset % Related Terms

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Shopify (Shopify) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shopify Inc (NYSE:SHOP) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

SHOP:Mexico 307:Germany 307:Germany SHOP:Canada S2HO34:Brazil

Address

151 O'Connor Street, Ground Floor, Ottawa, ON, CAN, K2P2L8

Website

https://www.shopify.com

Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.