Sun Life Financial (TSX:SLF) Gross-Profit-to-Asset %

: 23.02% (As of Dec. 2023)

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Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Sun Life Financial's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$74,484 Mil. Sun Life Financial's average Total Assets over the quarter that ended in Dec. 2023 was C$323,544 Mil. Therefore, Sun Life Financial's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 23.02%.

Sun Life Financial Gross-Profit-to-Asset % Historical Data

The historical data trend for Sun Life Financial'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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Sun Life Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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13.95

13.97

10.62

-1.23

9.94

Sun Life Financial 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															0.43	10.23	6.83	0.19	23.02

Competitive Comparison

For the Insurance - Diversified subindustry, Sun Life Financial'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.

Sun Life Financial Gross-Profit-to-Asset % Distribution

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

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

Sun Life Financial Gross-Profit-to-Asset % Calculation

Sun Life Financial'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 )
	=	32656	/	( (323608	+	333241)	/ 2 )
	=	32656	/	328424.5
	=	9.94 %

Sun Life Financial'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 )
	=	74484	/	( (313846	+	333241)	/ 2 )
	=	74484	/	323543.5
	=	23.02 %

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.

Sun Life Financial Gross-Profit-to-Asset % Related Terms

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Sun Life Financial (TSX:SLF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Sun Life Financial Inc (TSX:SLF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

SUNFF.PFD:USA SLF:USA SLF:Philippines LIE:Germany SLF.PR.K.PFD:Canada SLF.PR.J.PFD:Canada SLF.PR.H.PFD:Canada SLF.PR.G.PFD:Canada SLF.PR.E.PFD:Canada SLF.PR.D.PFD:Canada SLF.PR.C.PFD:Canada

Address

1 York Street, 31st Floor, Toronto, ON, CAN, M5J 0B6

Website

https://www.sunlife.com

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 38% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the second quarter of 2023. The Canada business contributes about 32% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributes approximately 14% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 16% of earnings.