2 Cheap Cars Group (NZSE:2CC) Gross-Profit-to-Asset % : 59.72% (As of Mar. 2024)

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What is 2 Cheap Cars 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. 2 Cheap Cars Group's annualized Gross Profit for the quarter that ended in Mar. 2024 was NZ$19.71 Mil. 2 Cheap Cars Group's average Total Assets over the quarter that ended in Mar. 2024 was NZ$33.00 Mil. Therefore, 2 Cheap Cars Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 59.72%.

2 Cheap Cars Group Gross-Profit-to-Asset % Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Gross-Profit-to-Asset % Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

39.32

33.54

42.79

63.27

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			28.86	39.94	42.24	67.61	59.72

Competitive Comparison of 2 Cheap Cars Group's Gross-Profit-to-Asset %

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars 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.

2 Cheap Cars Group's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Gross-Profit-to-Asset % falls into.

2 Cheap Cars Group Gross-Profit-to-Asset % Calculation

2 Cheap Cars Group'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 )
	=	20.163	/	( (29.368	+	34.365)	/ 2 )
	=	20.163	/	31.8665
	=	63.27 %

2 Cheap Cars Group'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: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	19.706	/	( (31.628	+	34.365)	/ 2 )
	=	19.706	/	32.9965
	=	59.72 %

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 (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

2 Cheap Cars Group Gross-Profit-to-Asset % Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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