Remitly Global (Remitly Global) Gross-Profit-to-Asset % : 60.17% (As of Mar. 2024)

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What is Remitly Global 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. Remitly Global's annualized Gross Profit for the quarter that ended in Mar. 2024 was $636 Mil. Remitly Global's average Total Assets over the quarter that ended in Mar. 2024 was $1,058 Mil. Therefore, Remitly Global's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 60.17%.

Remitly Global Gross-Profit-to-Asset % Historical Data

The historical data trend for Remitly Global'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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Remitly Global Gross-Profit-to-Asset % Chart

Remitly Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

20.02

38.51

44.80

49.43

61.50

Remitly Global Quarterly Data
	Dec19	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												62.29	70.61	66.63	66.65	60.17

Competitive Comparison of Remitly Global's Gross-Profit-to-Asset %

For the Software - Infrastructure subindustry, Remitly Global'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.

Remitly Global's Gross-Profit-to-Asset % Distribution in the Software Industry

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

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

Remitly Global Gross-Profit-to-Asset % Calculation

Remitly Global'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 )
	=	532.651	/	( (695.953	+	1036.306)	/ 2 )
	=	532.651	/	866.1295
	=	61.50 %

Remitly Global'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 )
	=	636.472	/	( (1036.306	+	1079.201)	/ 2 )
	=	636.472	/	1057.7535
	=	60.17 %

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.

Remitly Global Gross-Profit-to-Asset % Related Terms

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Remitly Global (Remitly Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Remitly Global Inc (NAS:RELY) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

ALTR DLO TENB AFRM S INFA WIX QLYS TDC SPSC MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

N/A

Address

1111 Third Avenue, Suite 2100, Seattle, WA, USA, 98101

Website

https://www.remitly.com

Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated on transaction fees charged to customers and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.

Executives

Rene Yoakum	officer: EVP, Customer and Culture	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Bora Chung	director	C/O BILL.COM HOLDINGS, INC., 1810 EMBARCADERO ROAD, PALO ALTO CA 94303
Matthew B. Oppenheimer	director, officer: Chief Executive Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Hemanth Munipalli	officer: Chief Financial Officer	C/O REMITLY GLOBAL, INC., 1111 THIRD AVENUE, SUITE 2100, SEATTLE WA 98101
Joshua Hug	director, officer: Chief Operating Officer	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101
Ankur Sinha	officer: Chief Technology Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE WA 98101
Nigel W Morris	director	1680 CAPITAL ONE DRIVE, MCLEAN VA 22102
Gail A Miller	officer: Chief Accounting Officer	C/O REMITLY GLOBAL, INC., 1111 3RD AVE., 21ST FLOOR, SEATTLE, WA 98101
Phyllis J Campbell	director	C/O AIR TRANSPORT SERVICES GROUP, INC., 145 HUNTER DRIVE, WILMINGTON OH 45177
Ryno Blignaut	director	C/O XOOM CORPORATION, 100 BUSH STREET, SUITE 300, SAN FRANCISCO CA 94104
Stripes Holdings, Llc	10 percent owner	402 WEST 13TH ST., 4TH FLOOR, NEW YORK NY 10014
Stripes Iii, Lp	10 percent owner	402 WEST 13TH STREET, 4TH FLOOR, NEW YORK NY 10014
Stripes Gp Iii, Llc	10 percent owner	402 WEST 13TH STREET, NEW YORK NY 10014
Kenneth A Fox	10 percent owner
William Kazuo Bryant	director	1111 THIRD AVENUE, ST. 2100, C/O REMITLY GLOBAL, INC., SEATTLE WA 98101