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Solventum (Solventum) Gross-Profit-to-Asset % : 32.23% (As of Mar. 2024)


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What is Solventum 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. Solventum's annualized Gross Profit for the quarter that ended in Mar. 2024 was $4,688 Mil. Solventum's average Total Assets over the quarter that ended in Mar. 2024 was $14,544 Mil. Therefore, Solventum's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 32.23%.


Solventum Gross-Profit-to-Asset % Historical Data

The historical data trend for Solventum'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.

Solventum Gross-Profit-to-Asset % Chart

Solventum Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
- 34.98 33.94 32.61

Solventum Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.46 32.28 32.73 31.58 32.23

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

For the Health Information Services subindustry, Solventum'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.


Solventum's Gross-Profit-to-Asset % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Solventum's Gross-Profit-to-Asset % distribution charts can be found below:

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



Solventum Gross-Profit-to-Asset % Calculation

Solventum'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 )
=4560/( (13594+14377)/ 2 )
=4560/13985.5
=32.61 %

Solventum'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 )
=4688/( (14377+14711)/ 2 )
=4688/14544
=32.23 %

* 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.


Solventum Gross-Profit-to-Asset % Related Terms

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Solventum (Solventum) Business Description

Comparable Companies
Traded in Other Exchanges
Address
3M Center, St. Paul, MN, USA, 55144
Solventum is an independent healthcare?company with a primary focus on solving big healthcare challenges. Its diverse product portfolio spans across the healthcare industry from medical solutions and oral care to health information systems and separation and purification sciences.

Solventum (Solventum) Headlines

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