GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Foshan Haitian Flavouring and Food Co Ltd (SHSE:603288) » Definitions » Gross-Profit-to-Asset %

Foshan Haitian Flavouring and Food Co (SHSE:603288) Gross-Profit-to-Asset % : 23.14% (As of Sep. 2023)


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What is Foshan Haitian Flavouring and Food Co 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. Foshan Haitian Flavouring and Food Co's annualized Gross Profit for the quarter that ended in Sep. 2023 was ¥7,855 Mil. Foshan Haitian Flavouring and Food Co's average Total Assets over the quarter that ended in Sep. 2023 was ¥33,941 Mil. Therefore, Foshan Haitian Flavouring and Food Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 23.14%.


Foshan Haitian Flavouring and Food Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Foshan Haitian Flavouring and Food Co'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.

* Premium members only.

Foshan Haitian Flavouring and Food Co Gross-Profit-to-Asset % Chart

Foshan Haitian Flavouring and Food Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.40 40.07 35.35 30.71 27.12

Foshan Haitian Flavouring and Food Co Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.26 26.59 30.05 24.58 23.14

Competitive Comparison of Foshan Haitian Flavouring and Food Co's Gross-Profit-to-Asset %

For the Packaged Foods subindustry, Foshan Haitian Flavouring and Food Co'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.


Foshan Haitian Flavouring and Food Co's Gross-Profit-to-Asset % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Foshan Haitian Flavouring and Food Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Foshan Haitian Flavouring and Food Co's Gross-Profit-to-Asset % falls into.



Foshan Haitian Flavouring and Food Co Gross-Profit-to-Asset % Calculation

Foshan Haitian Flavouring and Food Co's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=9137.827/( (33337.725+34059.176)/ 2 )
=9137.827/33698.4505
=27.12 %

Foshan Haitian Flavouring and Food Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=7854.912/( (33070.986+34810.386)/ 2 )
=7854.912/33940.686
=23.14 %

* 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 (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Foshan Haitian Flavouring and Food Co (SHSE:603288) Business Description

Traded in Other Exchanges
N/A
Address
16 Wensha Road Foshan, Guangdong, CHN, 528000
Foshan Haitian Flavouring and Food Company was founded in 1955 through the consolidation of 25 condiment producers in Foshan. The company mainly manufactures soy sauces, oyster sauces, dipping sauces, and seasoning sauces. It is the leading condiment producer with a number one market share in soy sauces and oyster sauces in China.

Foshan Haitian Flavouring and Food Co (SHSE:603288) Headlines

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