REC (BOM:532955) Gross-Profit-to-Asset % : 3.49% (As of Mar. 2024)

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What is REC 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. REC's annualized Gross Profit for the quarter that ended in Mar. 2024 was ₹188,968 Mil. REC's average Total Assets over the quarter that ended in Mar. 2024 was ₹5,415,184 Mil. Therefore, REC's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 3.49%.

REC Gross-Profit-to-Asset % Historical Data

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

REC Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

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2.64

3.65

4.04

3.33

3.40

REC 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															3.23	3.34	3.27	3.38	3.49

Competitive Comparison of REC's Gross-Profit-to-Asset %

For the Credit Services subindustry, REC'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.

REC's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, REC's Gross-Profit-to-Asset % distribution charts can be found below:

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

REC Gross-Profit-to-Asset % Calculation

REC's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	172407	/	( (4655027.5	+	5481910.9)	/ 2 )
	=	172407	/	5068469.2
	=	3.40 %

REC'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 )
	=	188967.6	/	( (5348456.7	+	5481910.9)	/ 2 )
	=	188967.6	/	5415183.8
	=	3.49 %

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.

REC Gross-Profit-to-Asset % Related Terms

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REC (BOM:532955) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » REC Ltd (BOM:532955) » Definitions » Gross-Profit-to-Asset %

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RECLTD:India

Address

Plot No. I-4, Sector 29, Gurugram, HR, IND, 122001

Website

https://www.recindia.nic.in

REC Ltd is a nonbanking financial company operating in India. The company's main objective is to finance and promote power sector projects on the subcontinent. REC provides loan assistance to numerous state power utilities, private sector project developers, central power sector utilities, and state governments. REC investments include power generation, power transmission, power distribution, and other system improvement initiatives. REC is also instrumental in implementing several initiatives spearheaded on behalf of the government of India, including rural electrification. The majority of its revenue derives from long-term financing.

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