Gotion High-tech Co (SZSE:002074) Gross-Profit-to-Asset % : 5.61% (As of Mar. 2024)

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What is Gotion High-tech 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. Gotion High-tech Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥5,364 Mil. Gotion High-tech Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥95,582 Mil. Therefore, Gotion High-tech Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 5.61%.

Gotion High-tech Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Gotion High-tech 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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Gotion High-tech Co Gross-Profit-to-Asset % Chart

Gotion High-tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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7.05

6.40

5.39

7.06

6.44

Gotion High-tech Co 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															7.18	4.83	6.37	7.28	5.61

Competitive Comparison of Gotion High-tech Co's Gross-Profit-to-Asset %

For the Electrical Equipment & Parts subindustry, Gotion High-tech 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.

Gotion High-tech Co's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gotion High-tech Co's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Gotion High-tech Co's Gross-Profit-to-Asset % falls into.

Gotion High-tech Co Gross-Profit-to-Asset % Calculation

Gotion High-tech 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 )
	=	5348.278	/	( (72627.365	+	93592.652)	/ 2 )
	=	5348.278	/	83110.0085
	=	6.44 %

Gotion High-tech Co'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 )
	=	5363.596	/	( (93592.652	+	97570.587)	/ 2 )
	=	5363.596	/	95581.6195
	=	5.61 %

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.

Gotion High-tech Co Gross-Profit-to-Asset % Related Terms

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Gotion High-tech Co (SZSE:002074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gotion High-tech Co Ltd (SZSE:002074) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

N/A

Address

No. 599 Daihe Road, Xinzhan District, Hefei, CHN, 230012

Website

http://www.gotion.com.cn

Established in 2006 in Hefei, Anhui province, Gotion High-tech, is one of the first enterprises engaged in research, production, and sales of rechargeable lithium-ion batteries for NEVs in China. Its main products include lithium iron phosphate materials and batteries, ternary batteries, battery packs, and energy storage batteries. The products are widely used in new energy passenger vehicles, commercial vehicles, energy storage power plants, communication base stations, and so on. Gotion ranked eighth among global EV battery companies with 3% market share in 2022 in terms of installed capacity, and fourth in China with 5% market share. The company is 25%-owned by Volkswagen Group with Chairman Li Zhen holding around 7%.

Gotion High-tech Co (SZSE:002074) Headlines

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