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Zhejiang Tongxing Technology Co (SZSE:301252) Gross-Profit-to-Asset % : 15.24% (As of Mar. 2024)


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What is Zhejiang Tongxing Technology 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. Zhejiang Tongxing Technology Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was ¥262 Mil. Zhejiang Tongxing Technology Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥1,720 Mil. Therefore, Zhejiang Tongxing Technology Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 15.24%.


Zhejiang Tongxing Technology Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Zhejiang Tongxing Technology 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.

* Premium members only.

Zhejiang Tongxing Technology Co Gross-Profit-to-Asset % Chart

Zhejiang Tongxing Technology Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 19.19 17.16 19.88 19.22 17.96

Zhejiang Tongxing Technology Co Quarterly Data
Dec18 Dec19 Dec20 Mar21 Jun21 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 21.21 24.90 12.59 12.54 15.24

Competitive Comparison of Zhejiang Tongxing Technology Co's Gross-Profit-to-Asset %

For the Electrical Equipment & Parts subindustry, Zhejiang Tongxing Technology 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.


Zhejiang Tongxing Technology Co's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

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

* The bar in red indicates where Zhejiang Tongxing Technology Co's Gross-Profit-to-Asset % falls into.



Zhejiang Tongxing Technology Co Gross-Profit-to-Asset % Calculation

Zhejiang Tongxing Technology 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 )
=234.302/( (919.081+1690.061)/ 2 )
=234.302/1304.571
=17.96 %

Zhejiang Tongxing Technology 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 )
=262.068/( (1690.061+1749.735)/ 2 )
=262.068/1719.898
=15.24 %

* 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.


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Zhejiang Tongxing Technology Co (SZSE:301252) Business Description

Traded in Other Exchanges
N/A
Address
No. 889, Xinchang Avenue East Road, Xinchang County, Zhejiang Province, Shaoxing, CHN, 312500
Zhejiang Tongxing Technology Co Ltd is engaged in the Research and development, production and sales of refrigeration equipment-related products. Its products include AUTO AC Copper Tube Assembly, Aluminum Evaporator Top Type, Microchannel Evaporator Coil, heat exchangers for vehicle refrigerators, and Others.

Zhejiang Tongxing Technology Co (SZSE:301252) Headlines

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