ReadyTech Holdings (ASX:RDY) Gross-Profit-to-Asset % : 38.89% (As of Dec. 2023)

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What is ReadyTech 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. ReadyTech Holdings's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$100.0 Mil. ReadyTech Holdings's average Total Assets over the quarter that ended in Dec. 2023 was A$257.1 Mil. Therefore, ReadyTech Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 38.89%.

ReadyTech Holdings Gross-Profit-to-Asset % Historical Data

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

ReadyTech Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

44.14

46.83

36.45

41.40

42.70

ReadyTech Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial						38.01	43.71	40.67	40.16	38.89

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

For the Software - Application subindustry, ReadyTech 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.

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

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

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

ReadyTech Holdings Gross-Profit-to-Asset % Calculation

ReadyTech Holdings's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	95.062	/	( (185.97	+	259.282)	/ 2 )
	=	95.062	/	222.626
	=	42.70 %

ReadyTech Holdings'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	99.988	/	( (259.282	+	254.889)	/ 2 )
	=	99.988	/	257.0855
	=	38.89 %

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

ReadyTech Holdings Gross-Profit-to-Asset % Related Terms

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ReadyTech Holdings (ASX:RDY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ReadyTech Holdings Ltd (ASX:RDY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.readytech.com.au

ReadyTech Holdings Ltd is a provider of people management software for educators, employers, and facilitators of career transitions. Its products are JR Plus, A2E, HR3, ePayroll, JR Gov, Aussiepay, and others. The company's operating segments include Education and Work pathways, Workforce Solutions, and Government and Justice. It generates maximum revenue from the Education segment. The education segment mainly provides products and services to tertiary education providers. Its Workforce segment provides products and services to a mid-sized company across various industries. The Government division provides government and justice case management software as a service solution to local governments, state governments and justice departments.