Netwealth Group (ASX:NWL) Gross-Profit-to-Asset % : 138.18% (As of Dec. 2023)

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What is Netwealth Group 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. Netwealth Group's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$235.7 Mil. Netwealth Group's average Total Assets over the quarter that ended in Dec. 2023 was A$170.6 Mil. Therefore, Netwealth Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 138.18%.

Netwealth Group Gross-Profit-to-Asset % Historical Data

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

Netwealth Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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120.33

125.54

116.85

126.84

141.90

Netwealth Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial								124.35	127.59	139.67	143.39	138.18

Competitive Comparison of Netwealth Group's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Netwealth Group'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.

Netwealth Group's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Netwealth Group's Gross-Profit-to-Asset % distribution charts can be found below:

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

Netwealth Group Gross-Profit-to-Asset % Calculation

Netwealth Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	211.49	/	( (136.204	+	161.885)	/ 2 )
	=	211.49	/	149.0445
	=	141.90 %

Netwealth Group'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	235.698	/	( (161.885	+	179.27)	/ 2 )
	=	235.698	/	170.5775
	=	138.18 %

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

Netwealth Group Gross-Profit-to-Asset % Related Terms

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Netwealth Group (ASX:NWL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Netwealth Group Ltd (ASX:NWL) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Flinders Street, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.netwealth.com.au

Netwealth provides cloud-based investment administration software as a service, or SaaS, in Australia via its proprietary platform. Netwealth's platform provides portfolio administration, investment management tools, and investment and managed account services to financial intermediaries and directly to clients. The company charges SaaS fees based on funds under administration and management on its platform. Netwealth also offers Netwealth-branded investment products on its platform which are managed by third-party investment managers.