NIO (SGX:NIO) Gross-Profit-to-Asset % : 1.75% (As of Mar. 2024)

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What is NIO 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. NIO's annualized Gross Profit for the quarter that ended in Mar. 2024 was $271 Mil. NIO's average Total Assets over the quarter that ended in Mar. 2024 was $15,454 Mil. Therefore, NIO's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 1.75%.

NIO Gross-Profit-to-Asset % Historical Data

The historical data trend for NIO'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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NIO Gross-Profit-to-Asset % Chart

NIO Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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-7.10

5.49

10.02

5.50

2.83

NIO 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															0.70	0.39	6.36	4.70	1.75

Competitive Comparison of NIO's Gross-Profit-to-Asset %

For the Auto Manufacturers subindustry, NIO'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.

NIO's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

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

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

NIO Gross-Profit-to-Asset % Calculation

NIO'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 )
	=	427.41	/	( (13807.812	+	16439.764)	/ 2 )
	=	427.41	/	15123.788
	=	2.83 %

NIO'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 )
	=	270.904	/	( (16439.764	+	14467.269)	/ 2 )
	=	270.904	/	15453.5165
	=	1.75 %

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.

NIO Gross-Profit-to-Asset % Related Terms

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NIO (SGX:NIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NIO Inc (SGX:NIO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NIOIF:USA NIO:USA NIO:Mexico 09866:Hong Kong N3IA:Germany

Address

No. 56 AnTuo Road, Building 20, Anting Town, Jiading District, Shanghai, CHN, 201804

Website

https://www.nio.com

Nio is a leading electric vehicle maker, targeting the premium segment. Founded in November 2014, Nio designs, develops, jointly manufactures, and sells premium smart electric vehicles. The company differentiates itself through continuous technological breakthroughs and innovations such as battery swapping and autonomous driving technologies. Nio launched its first model, its ES8 seven-seater electric SUV, in December 2017, and began deliveries in June 2018. Its current model portfolio includes midsize to large sedans and SUVs. It sold over 122,000 EVs in 2022, accounting for about 2% of the China passenger new energy vehicle market.