Hwa Fong Rubber Ind Co (TPE:2109) Gross-Profit-to-Asset % : 14.34% (As of Mar. 2024)

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What is Hwa Fong Rubber Ind 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. Hwa Fong Rubber Ind Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was NT$1,138 Mil. Hwa Fong Rubber Ind Co's average Total Assets over the quarter that ended in Mar. 2024 was NT$7,934 Mil. Therefore, Hwa Fong Rubber Ind Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 14.34%.

Hwa Fong Rubber Ind Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Hwa Fong Rubber Ind 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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Hwa Fong Rubber Ind Co Gross-Profit-to-Asset % Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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13.43

15.00

15.30

13.13

12.81

Hwa Fong Rubber Ind 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															11.13	6.40	15.18	18.45	14.34

Competitive Comparison of Hwa Fong Rubber Ind Co's Gross-Profit-to-Asset %

For the Auto Parts subindustry, Hwa Fong Rubber Ind 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.

Hwa Fong Rubber Ind Co's Gross-Profit-to-Asset % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Hwa Fong Rubber Ind Co's Gross-Profit-to-Asset % falls into.

Hwa Fong Rubber Ind Co Gross-Profit-to-Asset % Calculation

Hwa Fong Rubber Ind 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 )
	=	1025.817	/	( (8066.89	+	7943.246)	/ 2 )
	=	1025.817	/	8005.068
	=	12.81 %

Hwa Fong Rubber Ind 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 )
	=	1138.04	/	( (7943.246	+	7924.024)	/ 2 )
	=	1138.04	/	7933.635
	=	14.34 %

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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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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