Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Gross-Profit-to-Asset % : 7.39% (As of Mar. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Ping An Insurance (Group) Co. of China 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. Ping An Insurance (Group) Co. of China's annualized Gross Profit for the quarter that ended in Mar. 2024 was $121,497 Mil. Ping An Insurance (Group) Co. of China's average Total Assets over the quarter that ended in Mar. 2024 was $1,643,072 Mil. Therefore, Ping An Insurance (Group) Co. of China's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 7.39%.

Ping An Insurance (Group) Co. of China Gross-Profit-to-Asset % Historical Data

The historical data trend for Ping An Insurance (Group) Co. of China'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.

* Premium members only.

Ping An Insurance (Group) Co. of China Gross-Profit-to-Asset % Chart

Ping An Insurance (Group) Co. of China Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

Get a 7-Day Free Trial

13.63

12.73

10.89

6.91

7.02

Ping An Insurance (Group) Co. of China 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															8.12	7.09	6.54	6.39	7.39

Competitive Comparison of Ping An Insurance (Group) Co. of China's Gross-Profit-to-Asset %

For the Insurance - Life subindustry, Ping An Insurance (Group) Co. of China'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.

Ping An Insurance (Group) Co. of China's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Ping An Insurance (Group) Co. of China's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Ping An Insurance (Group) Co. of China's Gross-Profit-to-Asset % falls into.

Ping An Insurance (Group) Co. of China Gross-Profit-to-Asset % Calculation

Ping An Insurance (Group) Co. of China'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 )
	=	112330.467	/	( (1579233.186	+	1622281.869)	/ 2 )
	=	112330.467	/	1600757.5275
	=	7.02 %

Ping An Insurance (Group) Co. of China'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 )
	=	121497.464	/	( (1622281.869	+	1663861.14)	/ 2 )
	=	121497.464	/	1643071.5045
	=	7.39 %

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.

Ping An Insurance (Group) Co. of China Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Ping An Insurance (Group) Co. of China's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.

Ping An Insurance (Group) Co. of China (Ping An Insurance (Group) Co. of China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Ping An Insurance (Group) Co. of China Ltd (OTCPK:PIAIF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

PNGAY:USA 02318:Hong Kong PZX:Germany 601318:China PZX:Austria

Address

No. 5033 Yitian Road, Ping An Finance Center, 47th, 48th, 109th, 110th, 111th and 112th Floors, Futian District, Guangdong Province, Shenzhen, CHN, 518033

Website

https://www.pingan.cn

Founded in 1988, Ping An Insurance is an integrated financial service provider headquartered in Shenzhen. The company has a focus on the offerings of healthcare services and integrated financial products. Ping An is China's second-largest life and P&C insurer. The company strives for an integrated financial services platform comprising life insurance, P&C insurance, banking, other financial services, and technology. These business segments contributed 65%, 5%, 26%, 2%, and 4% of the company's operating profits, respectively, in 2022.