ADNOC Gas (ADX:ADNOCGAS) Gross-Profit-to-Asset % : 18.71% (As of Dec. 2023)

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What is ADNOC Gas 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. ADNOC Gas's annualized Gross Profit for the quarter that ended in Dec. 2023 was د.إ17,234 Mil. ADNOC Gas's average Total Assets over the quarter that ended in Dec. 2023 was د.إ92,118 Mil. Therefore, ADNOC Gas's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 18.71%.

ADNOC Gas Gross-Profit-to-Asset % Historical Data

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

ADNOC Gas Annual Data

Trend

Dec20

Dec21

Dec23

Gross-Profit-to-Asset %

-6.05

27.38

18.71

ADNOC Gas Semi-Annual Data
	Dec20	Dec21	Dec23
Gross-Profit-to-Asset %	-6.05	27.38	18.71

Competitive Comparison of ADNOC Gas's Gross-Profit-to-Asset %

For the Oil & Gas Integrated subindustry, ADNOC Gas'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.

ADNOC Gas's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, ADNOC Gas's Gross-Profit-to-Asset % distribution charts can be found below:

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

ADNOC Gas Gross-Profit-to-Asset % Calculation

ADNOC Gas'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. 2021 )	+	Total Assets (A: Dec. 2023 ))	/ count )
	=	17233.646	/	( (77647.22	+	106588.212)	/ 2 )
	=	17233.646	/	92117.716
	=	18.71 %

ADNOC Gas's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2021 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	17233.646	/	( (77647.22	+	106588.212)	/ 2 )
	=	17233.646	/	92117.716
	=	18.71 %

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 one times the annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

ADNOC Gas Gross-Profit-to-Asset % Related Terms

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ADNOC Gas (ADX:ADNOCGAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ADNOC Gas PLC (ADX:ADNOCGAS) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Corniche Road West, P.O. Box 898, Abu Dhabi, ARE

Website

https://www.adnoc.ae

ADNOC Gas PLC is an integrated gas processing company. It is responsible for operations, maintenance, and marketing across ADNOC's downstream gas processing, liquified natural gas (LNG), and industrial gases businesses.

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