Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Avient's annualizedGross Profit for the quarter that ended in Mar. 2024 was $1,113 Mil.
Avient's average Total Assets over the quarter that ended in Mar. 2024 was $5,922 Mil. Therefore, Avient's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 18.79%.
Avient Gross-Profit-to-Asset % Historical Data
The historical data trend for Avient'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.
Competitive Comparison of Avient's Gross-Profit-to-Asset %
For the Specialty Chemicals subindustry, Avient'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.
Avient's Gross-Profit-to-Asset % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Avient's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Avient's Gross-Profit-to-Asset % falls into.
Avient Gross-Profit-to-Asset % Calculation
Avient's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
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.
Avient Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Avient's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Avient Corp manufactures and sells a variety of chemical and plastic-based products to designers and processors of plastics. The firm operates in three segments: Specialty Engineered Materials; Distribution; and Color, Additives, & Ink. The company's product portfolio includes concentrated color and ink blends, plastic resins, and various specialized polymer materials used in industries such as food packaging, construction, transportation, cosmetics, and healthcare. The color, additives, & ink segment and the distribution segment together generate a vast majority of revenue. More than half of the total revenue is derived from the United States.
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