Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Gross-Profit-to-Asset % : 14.38% (As of Dec. 2023)

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What is Xinjiang Tianye Waterving Irrigation System Co 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. Xinjiang Tianye Waterving Irrigation System Co's annualized Gross Profit for the quarter that ended in Dec. 2023 was HK$192 Mil. Xinjiang Tianye Waterving Irrigation System Co's average Total Assets over the quarter that ended in Dec. 2023 was HK$1,334 Mil. Therefore, Xinjiang Tianye Waterving Irrigation System Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.38%.

Xinjiang Tianye Waterving Irrigation System Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Xinjiang Tianye Waterving Irrigation System Co'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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Xinjiang Tianye Waterving Irrigation System Co Gross-Profit-to-Asset % Chart

Xinjiang Tianye Waterving Irrigation System Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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8.95

9.96

7.12

2.15

8.70

Xinjiang Tianye Waterving Irrigation System Co Quarterly Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															-4.60	22.07	-	9.92	14.38

Competitive Comparison of Xinjiang Tianye Waterving Irrigation System Co's Gross-Profit-to-Asset %

For the Farm & Heavy Construction Machinery subindustry, Xinjiang Tianye Waterving Irrigation System Co'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.

Xinjiang Tianye Waterving Irrigation System Co's Gross-Profit-to-Asset % Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Xinjiang Tianye Waterving Irrigation System Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Xinjiang Tianye Waterving Irrigation System Co's Gross-Profit-to-Asset % falls into.

Xinjiang Tianye Waterving Irrigation System Co Gross-Profit-to-Asset % Calculation

Xinjiang Tianye Waterving Irrigation System Co'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 )
	=	110.326	/	( (1202.139	+	1334.356)	/ 2 )
	=	110.326	/	1268.2475
	=	8.70 %

Xinjiang Tianye Waterving Irrigation System Co'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: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	191.944	/	( (0	+	1334.356)	/ 1 )
	=	191.944	/	1334.356
	=	14.38 %

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

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Xinjiang Tianye Waterving Irrigation System Co (HKSE:00840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Xinjiang Tianye Water Saving Irrigation System Co Ltd (HKSE:00840) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Bei San Dong Road, Shihezi Economic and Technological Development Zone, Xinjiang, Shihezi, CHN, 832000

Website

https://www.tianyejieshui.com.cn

Xinjiang Tianye Water Saving Irrigation System Co Ltd is a China-based firm engaged in the manufacture of plastic products. Its activities include the production and marketing of agricultural plastic water-saving irrigation equipment and plastic pipelines, and construction and installation of water-saving irrigation systems. The company's products include the PVC materials for water supply pipes, PE piping materials and accessories, pressure compensatory drip tapes, labyrinth-style drip tapes, embedded-style drip tapes, agricultural tapes and drippers. It also offers installation services for water-saving irrigation systems.

Executives

Ding Wei	2101 Beneficial owner
Wang Bing	2202 Interest of your spouse

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