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Aban Offshore (NSE:ABAN) Gross-Profit-to-Asset % : 21.83% (As of Mar. 2024)


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What is Aban Offshore 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. Aban Offshore's annualized Gross Profit for the quarter that ended in Mar. 2024 was ₹3,307 Mil. Aban Offshore's average Total Assets over the quarter that ended in Mar. 2024 was ₹15,150 Mil. Therefore, Aban Offshore's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 21.83%.


Aban Offshore Gross-Profit-to-Asset % Historical Data

The historical data trend for Aban Offshore'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.

Aban Offshore Gross-Profit-to-Asset % Chart

Aban Offshore Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.20 13.29 9.62 11.28 15.73

Aban Offshore 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.41 16.93 8.61 16.43 21.83

Competitive Comparison of Aban Offshore's Gross-Profit-to-Asset %

For the Oil & Gas Drilling subindustry, Aban Offshore'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.


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

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

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



Aban Offshore Gross-Profit-to-Asset % Calculation

Aban Offshore's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=2559.55/( (17401.18+15150.37)/ 2 )
=2559.55/16275.775
=15.73 %

Aban Offshore'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 )
=3306.72/( (0+15150.37)/ 1 )
=3306.72/15150.37
=21.83 %

* 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.


Aban Offshore Gross-Profit-to-Asset % Related Terms

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Aban Offshore (NSE:ABAN) Business Description

Industry
Traded in Other Exchanges
Address
Pantheon Road, 113, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008
Aban Offshore Ltd is an Indian company engaged in the business of offshore drilling services. Its services include exploratory services, drilling services, production of hydrocarbons and manning and management. The business also owns and wind turbines for the generation of wind power in India. It generates maximum revenue from drilling services. Aban serves South East Asia, South Asia, Latin America, West Africa, and the Middle East.

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