Tian Ruixiang Holdings (Tian Ruixiang Holdings) Gross-Profit-to-Asset % : 2.41% (As of Apr. 2023)

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What is Tian Ruixiang 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. Tian Ruixiang Holdings's annualized Gross Profit for the quarter that ended in Apr. 2023 was $0.87 Mil. Tian Ruixiang Holdings's average Total Assets over the quarter that ended in Apr. 2023 was $36.02 Mil. Therefore, Tian Ruixiang Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Apr. 2023 was 2.41%.

Tian Ruixiang Holdings Gross-Profit-to-Asset % Historical Data

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

Tian Ruixiang Holdings Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Gross-Profit-to-Asset %

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60.06

15.75

27.14

7.31

-3.56

Tian Ruixiang Holdings Semi-Annual Data
	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial							16.06	4.16	-7.10	0.33	2.41

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

For the Insurance Brokers subindustry, Tian Ruixiang 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.

Tian Ruixiang Holdings's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Tian Ruixiang Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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

Tian Ruixiang Holdings Gross-Profit-to-Asset % Calculation

Tian Ruixiang Holdings's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Oct. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Oct. 2022 )	/	( (Total Assets (A: Oct. 2021 )	+	Total Assets (A: Oct. 2022 ))	/ count )
	=	-1.34	/	( (40.35	+	35.031)	/ 2 )
	=	-1.34	/	37.6905
	=	-3.56 %

Tian Ruixiang Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Apr. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Apr. 2023 )	/	( (Total Assets (Q: Oct. 2022 )	+	Total Assets (Q: Apr. 2023 ))	/ count )
	=	0.868	/	( (35.031	+	37.003)	/ 2 )
	=	0.868	/	36.017
	=	2.41 %

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 two times the semi-annual (Apr. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Tian Ruixiang Holdings Gross-Profit-to-Asset % Related Terms

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Tian Ruixiang Holdings (Tian Ruixiang Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Tian Ruixiang Holdings Ltd (NAS:TIRX) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

North East Third Ring Road, Room 1001, 10 / F, No. 25, Chaoyang District, Beijing, CHN

Website

http://www.tianrx.com

Tian Ruixiang Holdings Ltd is an Insurance Brokerage firm. It distributes a wide range of insurance products, which are categorized into two groups; property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and other insurances, such as health insurance, life insurance, and miscellaneous insurances. It also generates a small amount of revenue from risk management services. The firm act on behalf of its customers seeking insurance coverage from insurance companies. It generates revenue from the provision of insurance brokerage services.