GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Covestro AG (OTCPK:COVTY) » Definitions » Gross-Profit-to-Asset %

Covestro AG (Covestro AG) Gross-Profit-to-Asset % : 12.53% (As of Dec. 2023)


View and export this data going back to 2015. Start your Free Trial

What is Covestro AG 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. Covestro AG's annualized Gross Profit for the quarter that ended in Dec. 2023 was $1,884 Mil. Covestro AG's average Total Assets over the quarter that ended in Dec. 2023 was $15,039 Mil. Therefore, Covestro AG's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 12.53%.


Covestro AG Gross-Profit-to-Asset % Historical Data

The historical data trend for Covestro AG'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.

Covestro AG Gross-Profit-to-Asset % Chart

Covestro AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.09 21.32 30.04 16.44 16.59

Covestro AG 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 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 -2.75 17.06 19.45 15.49 12.53

Competitive Comparison of Covestro AG's Gross-Profit-to-Asset %

For the Specialty Chemicals subindustry, Covestro AG'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.


Covestro AG's Gross-Profit-to-Asset % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Covestro AG's Gross-Profit-to-Asset % distribution charts can be found below:

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



Covestro AG Gross-Profit-to-Asset % Calculation

Covestro AG'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 )
=2514.722/( (15450.212+14871.32)/ 2 )
=2514.722/15160.766
=16.59 %

Covestro AG'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 )
=1884.404/( (15205.977+14871.32)/ 2 )
=1884.404/15038.6485
=12.53 %

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


Covestro AG Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Covestro AG's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.


Covestro AG (Covestro AG) Business Description

Address
Kaiser-Wilhelm-Allee 60, Leverkusen, NW, DEU, 51373
Covestro, formerly Bayer Material Science, was spun off from the Bayer Group in 2015. The firm is a market leader in polyurethanes and polycarbonates, products that the company discovered in the mid-20th century. It also has a sizable speciality chemicals business that is focused on coatings and adhesives. Demand for Covestro's products is driven primarily by cyclical end markets, such as automotive, construction, and furniture.

Covestro AG (Covestro AG) Headlines

From GuruFocus