Lufax Holding (Lufax Holding) Gross-Profit-to-Asset % : 9.52% (As of Mar. 2024)

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What is Lufax Holding 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. Lufax Holding's annualized Gross Profit for the quarter that ended in Mar. 2024 was $3,099 Mil. Lufax Holding's average Total Assets over the quarter that ended in Mar. 2024 was $32,560 Mil. Therefore, Lufax Holding's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 9.52%.

Lufax Holding Gross-Profit-to-Asset % Historical Data

The historical data trend for Lufax Holding'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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Lufax Holding Gross-Profit-to-Asset % Chart

Lufax Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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30.24

23.08

18.12

13.39

9.46

Lufax Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															9.94	9.77	9.58	9.28	9.52

Competitive Comparison of Lufax Holding's Gross-Profit-to-Asset %

For the Credit Services subindustry, Lufax Holding'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.

Lufax Holding's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Lufax Holding's Gross-Profit-to-Asset % distribution charts can be found below:

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

Lufax Holding Gross-Profit-to-Asset % Calculation

Lufax Holding'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 )
	=	3937.784	/	( (50097.223	+	33195.57)	/ 2 )
	=	3937.784	/	41646.3965
	=	9.46 %

Lufax Holding's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	3098.732	/	( (33195.57	+	31924.717)	/ 2 )
	=	3098.732	/	32560.1435
	=	9.52 %

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 (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Lufax Holding Gross-Profit-to-Asset % Related Terms

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Lufax Holding (Lufax Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Lufax Holding Ltd (NYSE:LU) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

06623:Hong Kong 0VU1:Germany

Address

Jinxiu East Road, Lane 2777, Pudong New District, Shanghai, CHN

Website

https://www.lu.com

Lufax Holding Ltd is a technology-empowered personal financial services platform in China. The company address the large unmet demand for personal lending among small business owners as well as salaried workers in China and provides tailor-made wealth management solutions to China's middle class and affluent population. Its platform has two hubs namely Retail Credit Facilitation Hub and Wealth Management Hub.