BMIT Technologies (MAL:BMIT) Gross-Profit-to-Asset % : 23.98% (As of Dec. 2023)

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What is BMIT Technologies 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. BMIT Technologies's annualized Gross Profit for the quarter that ended in Dec. 2023 was €12.43 Mil. BMIT Technologies's average Total Assets over the quarter that ended in Dec. 2023 was €51.83 Mil. Therefore, BMIT Technologies's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 23.98%.

BMIT Technologies Gross-Profit-to-Asset % Historical Data

The historical data trend for BMIT Technologies'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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BMIT Technologies Gross-Profit-to-Asset % Chart

BMIT Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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59.33

48.62

46.79

47.29

23.25

BMIT Technologies Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial							46.93	48.81	48.85	50.52	23.98

Competitive Comparison of BMIT Technologies's Gross-Profit-to-Asset %

For the Information Technology Services subindustry, BMIT Technologies'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.

BMIT Technologies's Gross-Profit-to-Asset % Distribution in the Software Industry

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

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

BMIT Technologies Gross-Profit-to-Asset % Calculation

BMIT Technologies'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 )
	=	12.34	/	( (25.49	+	80.651)	/ 2 )
	=	12.34	/	53.0705
	=	23.25 %

BMIT Technologies'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 )
	=	12.43	/	( (23.009	+	80.651)	/ 2 )
	=	12.43	/	51.83
	=	23.98 %

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.

BMIT Technologies Gross-Profit-to-Asset % Related Terms

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BMIT Technologies (MAL:BMIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BMIT Technologies PLC (MAL:BMIT) » Definitions » Gross-Profit-to-Asset %

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Traded in Other Exchanges

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Address

Building SCM 02, Level 2, SmartCity Ricasoli, SCM, Kalkara, MLT, 1001

Website

https://www.bmit.com.mt

BMIT Technologies PLC, through its subsidiaries, is involved in providing data center services, Information and Communication Technologies, Cloud services, and Infrastructure and support services among others. The company serves services to various industries including online gaming, financial services, ICT, manufacturing, media, transportation, retail, and hospitality. The Group's revenues are derived predominantly from operations carried out in Malta. However, it also derives revenue from companies operating out of Malta.

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