Jaiz Bank (NSA:JAIZBANK) Gross-Profit-to-Asset % : 7.61% (As of Mar. 2024)

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What is Jaiz Bank 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. Jaiz Bank's annualized Gross Profit for the quarter that ended in Mar. 2024 was ₦46,278 Mil. Jaiz Bank's average Total Assets over the quarter that ended in Mar. 2024 was ₦608,510 Mil. Therefore, Jaiz Bank's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 7.61%.

Jaiz Bank Gross-Profit-to-Asset % Historical Data

The historical data trend for Jaiz Bank'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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Jaiz Bank Gross-Profit-to-Asset % Chart

Jaiz Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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6.97

8.56

7.90

8.07

8.01

Jaiz Bank Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															8.42	7.19	7.64	7.24	7.61

Competitive Comparison of Jaiz Bank's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Jaiz Bank'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.

Jaiz Bank's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Jaiz Bank's Gross-Profit-to-Asset % distribution charts can be found below:

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

Jaiz Bank Gross-Profit-to-Asset % Calculation

Jaiz Bank's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	26380.95	/	( (279275.581	+	379819.455)	/ 2 )
	=	26380.95	/	329547.518
	=	8.01 %

Jaiz Bank'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: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	46277.752	/	( (546035.69	+	670984.551)	/ 2 )
	=	46277.752	/	608510.1205
	=	7.61 %

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.

Jaiz Bank Gross-Profit-to-Asset % Related Terms

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Jaiz Bank (NSA:JAIZBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jaiz Bank PLC (NSA:JAIZBANK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

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Address

No. 73 Ralph Shodeinde Street, Kano House, Central Business Area, Abuja, NGA

Website

https://www.jaizbankplc.com

Jaiz Bank PLC is a full-fledged Non-Interest (Islamic) Bank in Nigeria. The company's business divisions include Retail Banking, and Corporate Banking. Its products and services include JAIZ Kids Savings Account, JAIZ Premium Savings Account, Working Capital Finance, Project Financing, JAIZ SMS Banking, JaizPay, JaizMobile and JaizOnline.

Jaiz Bank (NSA:JAIZBANK) Headlines

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