HI-Green Carbon (NSE:HIGREEN) Gross-Profit-to-Asset % : 65.24% (As of Mar. 2023)

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What is HI-Green Carbon 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. HI-Green Carbon's annualized Gross Profit for the quarter that ended in Mar. 2023 was ₹254.8 Mil. HI-Green Carbon's average Total Assets over the quarter that ended in Mar. 2023 was ₹390.6 Mil. Therefore, HI-Green Carbon's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2023 was 65.24%.

HI-Green Carbon Gross-Profit-to-Asset % Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Gross-Profit-to-Asset % Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Gross-Profit-to-Asset %

17.79

38.28

65.24

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Gross-Profit-to-Asset %	17.79	38.28	65.24

Competitive Comparison of HI-Green Carbon's Gross-Profit-to-Asset %

For the Specialty Chemicals subindustry, HI-Green Carbon'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.

HI-Green Carbon's Gross-Profit-to-Asset % Distribution in the Chemicals Industry

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

* The bar in red indicates where HI-Green Carbon's Gross-Profit-to-Asset % falls into.

HI-Green Carbon Gross-Profit-to-Asset % Calculation

HI-Green Carbon's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
	=	254.826	/	( (342.436	+	438.783)	/ 2 )
	=	254.826	/	390.6095
	=	65.24 %

HI-Green Carbon'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: Mar. 2022 )	+	Total Assets (Q: Mar. 2023 ))	/ count )
	=	254.826	/	( (342.436	+	438.783)	/ 2 )
	=	254.826	/	390.6095
	=	65.24 %

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

HI-Green Carbon Gross-Profit-to-Asset % Related Terms

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HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

HI-Green Carbon (NSE:HIGREEN) Headlines

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