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Innovation New Material Technology Co (SHSE:600361) Gross-Profit-to-Asset % : 13.43% (As of Mar. 2024)


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What is Innovation New Material Technology Co 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. Innovation New Material Technology Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥2,810 Mil. Innovation New Material Technology Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥20,928 Mil. Therefore, Innovation New Material Technology Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 13.43%.


Innovation New Material Technology Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Innovation New Material Technology Co'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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Innovation New Material Technology Co Gross-Profit-to-Asset % Chart

Innovation New Material Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.11 11.49 10.23 14.45 12.74

Innovation New Material Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 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 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 12.73 12.60 13.44 12.01 13.43

Competitive Comparison of Innovation New Material Technology Co's Gross-Profit-to-Asset %

For the Aluminum subindustry, Innovation New Material Technology Co'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.


Innovation New Material Technology Co's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Innovation New Material Technology Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Innovation New Material Technology Co's Gross-Profit-to-Asset % falls into.



Innovation New Material Technology Co Gross-Profit-to-Asset % Calculation

Innovation New Material Technology Co'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 )
=2346.221/( (16907.626+19915.587)/ 2 )
=2346.221/18411.6065
=12.74 %

Innovation New Material Technology Co'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 )
=2809.82/( (19915.587+21939.504)/ 2 )
=2809.82/20927.5455
=13.43 %

* 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. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Innovation New Material Technology Co (SHSE:600361) Business Description

Traded in Other Exchanges
N/A
Address
No. 31, Fuchengmenwai Street, Room 416A, 4th Floor, Xicheng District, Beijing, CHN, 100032
Innovation New Material Technology Co Ltd is engaged in the research, development, production and processing of aluminum alloy and its products.

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