PNM Resources (FRA:98P) Gross-Profit-to-Asset % : 11.03% (As of Mar. 2024)

View and export this data going back to 2011. Start your Free Trial

What is PNM Resources 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. PNM Resources's annualized Gross Profit for the quarter that ended in Mar. 2024 was €1,039 Mil. PNM Resources's average Total Assets over the quarter that ended in Mar. 2024 was €9,419 Mil. Therefore, PNM Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 11.03%.

PNM Resources Gross-Profit-to-Asset % Historical Data

The historical data trend for PNM Resources'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.

PNM Resources Gross-Profit-to-Asset % Chart

PNM Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

Get a 7-Day Free Trial

12.89

11.77

12.36

12.82

10.57

PNM Resources 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															11.97	11.70	11.27	8.23	11.03

Competitive Comparison of PNM Resources's Gross-Profit-to-Asset %

For the Utilities - Regulated Electric subindustry, PNM Resources'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.

PNM Resources's Gross-Profit-to-Asset % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, PNM Resources's Gross-Profit-to-Asset % distribution charts can be found below:

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

PNM Resources Gross-Profit-to-Asset % Calculation

PNM Resources'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 )
	=	958.565	/	( (8738.964	+	9401.639)	/ 2 )
	=	958.565	/	9070.3015
	=	10.57 %

PNM Resources'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 )
	=	1039.088	/	( (9401.639	+	9437.041)	/ 2 )
	=	1039.088	/	9419.34
	=	11.03 %

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.

PNM Resources Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of PNM Resources's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.

PNM Resources (FRA:98P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » PNM Resources Inc (FRA:98P) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

NWE MGEE POR IDA OKLO HE GNE VIA SUME OGE NEE SO DUK LSE:NG. PCG AEP D BOM:532555 PEG EXC

Traded in Other Exchanges

PNM:USA

Address

414 Silver Avenue SW, Albuquerque, NM, USA, 87102-3289

Website

https://www.pnmresources.com

PNM Resources Inc, or PNMR, is a holding company that owns regulated utilities companies providing electricity and electric services. PNMR segments its operations by its two subsidiaries, PNM and TNMP. PNM provides electric generation, transmission, and distribution services mainly to areas of New Mexico. While PNM uses a variety of fuel sources across its power plant portfolio, its coal and gas-fueled sites produce most of the energy. TNMP owns and operates transmission and distribution services primarily in small to medium-sized communities in Texas. Both subsidiaries generate revenue for PNMR through the sale of electricity and transmission service fees fairly evenly split between residential and commercial customers. PNM generates the vast majority of PNMR's total revenue.

PNM Resources (FRA:98P) Headlines

No Headlines