Luzhou Laojiao Co (SZSE:000568) Gross-Profit-to-Asset % : 49.24% (As of Mar. 2024)

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What is Luzhou Laojiao 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. Luzhou Laojiao Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥32,480 Mil. Luzhou Laojiao Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥65,960 Mil. Therefore, Luzhou Laojiao Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 49.24%.

Luzhou Laojiao Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Luzhou Laojiao 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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Luzhou Laojiao Co Gross-Profit-to-Asset % Chart

Luzhou Laojiao Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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49.45

43.23

45.20

45.99

46.56

Luzhou Laojiao 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															48.88	41.31	42.40	46.76	49.24

Competitive Comparison of Luzhou Laojiao Co's Gross-Profit-to-Asset %

For the Beverages - Wineries & Distilleries subindustry, Luzhou Laojiao 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.

Luzhou Laojiao Co's Gross-Profit-to-Asset % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Luzhou Laojiao Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Luzhou Laojiao Co's Gross-Profit-to-Asset % falls into.

Luzhou Laojiao Co Gross-Profit-to-Asset % Calculation

Luzhou Laojiao 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 )
	=	26696.15	/	( (51385.481	+	63294.455)	/ 2 )
	=	26696.15	/	57339.968
	=	46.56 %

Luzhou Laojiao 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 )
	=	32480.036	/	( (63294.455	+	68625.774)	/ 2 )
	=	32480.036	/	65960.1145
	=	49.24 %

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 four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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Luzhou Laojiao Co (SZSE:000568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Luzhou Laojiao Co Ltd (SZSE:000568) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

N/A

Address

Nanguang road, Luzhou Laojiao Marketing Network Command Center, Longmatan District, Sichuan Province, Luzhou, CHN, 646000

Website

https://www.lzlj.com

Luzhou Laojiao, or Laojiao, is one of China's leading premium baijiu producers. Its primary product, National Cellar 1573, is widely known as one of the best rich-flavored baijiu in the market, which together with Feitian Moutai and flagship Wuliangye are the top three premium products that dominate more than 90% of the high-end baijiu market. The high-quality products, extensive history, and brand strength have led to strong pricing power, allowing the company to enjoy high retail prices and profit margins. The State-Owned Assets Supervision and Administration Commission of Luzhou City controls 46% of Luzhou Laojiao.

Luzhou Laojiao Co (SZSE:000568) Headlines

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