Converge Technology Solutions (TSX:CTS) Gross-Profit-to-Asset % : 32.55% (As of Mar. 2024)

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What is Converge Technology Solutions 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. Converge Technology Solutions's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$701 Mil. Converge Technology Solutions's average Total Assets over the quarter that ended in Mar. 2024 was C$2,154 Mil. Therefore, Converge Technology Solutions's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 32.55%.

Converge Technology Solutions Gross-Profit-to-Asset % Historical Data

The historical data trend for Converge Technology Solutions'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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Converge Technology Solutions Gross-Profit-to-Asset % Chart

Converge Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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43.37

38.53

33.09

30.45

31.93

Converge Technology Solutions 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															30.74	32.42	32.55	33.67	32.55

Competitive Comparison of Converge Technology Solutions's Gross-Profit-to-Asset %

For the Information Technology Services subindustry, Converge Technology Solutions'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.

Converge Technology Solutions's Gross-Profit-to-Asset % Distribution in the Software Industry

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

* The bar in red indicates where Converge Technology Solutions's Gross-Profit-to-Asset % falls into.

Converge Technology Solutions Gross-Profit-to-Asset % Calculation

Converge Technology Solutions'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 )
	=	702.88	/	( (2248.876	+	2153.362)	/ 2 )
	=	702.88	/	2201.119
	=	31.93 %

Converge Technology Solutions'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 )
	=	701.088	/	( (2153.362	+	2154.168)	/ 2 )
	=	701.088	/	2153.765
	=	32.55 %

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.

Converge Technology Solutions Gross-Profit-to-Asset % Related Terms

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Converge Technology Solutions (TSX:CTS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Converge Technology Solutions Corp (TSX:CTS) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

CTSDF:USA 0ZB:Germany

Address

161 Bay Street, Suite 2325, Toronto, ON, CAN, M5J 2T6

Website

https://www.convergetp.com

Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face.

Executives

Toni Rinow

Director