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Union Bank of Nigeria (NSA:UBNP) Gross-Profit-to-Asset % : 4.86% (As of Mar. 2023)


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What is Union Bank of Nigeria 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. Union Bank of Nigeria's annualized Gross Profit for the quarter that ended in Mar. 2023 was ₦139,008 Mil. Union Bank of Nigeria's average Total Assets over the quarter that ended in Mar. 2023 was ₦2,860,637 Mil. Therefore, Union Bank of Nigeria's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2023 was 4.86%.


Union Bank of Nigeria Gross-Profit-to-Asset % Historical Data

The historical data trend for Union Bank of Nigeria'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.

Union Bank of Nigeria Gross-Profit-to-Asset % Chart

Union Bank of Nigeria Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.57 4.94 4.57 3.45 3.94

Union Bank of Nigeria Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 3.58 3.65 4.26 4.71 4.86

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

For the Banks - Regional subindustry, Union Bank of Nigeria'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.


Union Bank of Nigeria's Gross-Profit-to-Asset % Distribution in the Banks Industry

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

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



Union Bank of Nigeria Gross-Profit-to-Asset % Calculation

Union Bank of Nigeria'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 )
=106265/( (2595769+2795755)/ 2 )
=106265/2695762
=3.94 %

Union Bank of Nigeria's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=139008/( (2795755+2925518)/ 2 )
=139008/2860636.5
=4.86 %

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


Union Bank of Nigeria Gross-Profit-to-Asset % Related Terms

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Union Bank of Nigeria (NSA:UBNP) Business Description

Traded in Other Exchanges
N/A
Address
Stallion Plaza, 36 Marina, Lagos, NGA, 2027
Union Bank of Nigeria PLC is a banking corporation. The principal activity of the Bank is the provision of banking and related financial services to corporate and individual customers. The company offers flexible current and savings accounts, cash management, trade finance, credit solutions, and treasury solutions. The company also provides personal loans, overdrafts, and advances to individuals as well as small and medium enterprises and corporates. The Bank also provides treasury services to high-net-worth individuals, commercial clients, corporates, and nonbanking financial institutions. The bank manages its business in four segments namely Retail Bank, Commercial Bank, Corporate Bank, and Treasury.

Union Bank of Nigeria (NSA:UBNP) Headlines

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