Nitta (TSE:5186) Gross-Profit-to-Asset % : 14.35% (As of Dec. 2023)

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What is Nitta 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. Nitta's annualized Gross Profit for the quarter that ended in Dec. 2023 was 円23,772 Mil. Nitta's average Total Assets over the quarter that ended in Dec. 2023 was 円165,661 Mil. Therefore, Nitta's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.35%.

Nitta Gross-Profit-to-Asset % Historical Data

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

Nitta Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Gross-Profit-to-Asset %

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15.59

14.26

15.73

14.69

13.62

Nitta 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															13.39	14.26	13.71	14.35	12.17

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

For the Specialty Industrial Machinery subindustry, Nitta'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.

Nitta's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

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

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

Nitta Gross-Profit-to-Asset % Calculation

Nitta's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Mar. 2024 )	/	( (Total Assets (A: Mar. 2023 )	+	Total Assets (A: Mar. 2024 ))	/ count )
	=	22331	/	( (158385	+	169504)	/ 2 )
	=	22331	/	163944.5
	=	13.62 %

Nitta's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	23772	/	( (165054	+	166267)	/ 2 )
	=	23772	/	165660.5
	=	14.35 %

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 (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Nitta Gross-Profit-to-Asset % Related Terms

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Nitta (TSE:5186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitta Corp (TSE:5186) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-4-26 Sakuragawa, Naniwa-ku, Osaka, JPN, 556-0022

Website

http://www.nitta.co.jp

Nitta Corp is a Japan-based company that manufactures and distributes a wide range of industrial products. The company's product line comprises conveyor belts and units, tubes and fittings, industrial wiper and molded rubber products, mechatronic products, magnetic sheets, and so on. The company's conveyor belt products are distributed under trademarks including PolySprint, Polybelt, New Light Grip, and SEB. The company's conveyor unit products include curve conveyor units, spiral conveyor units, and nonsnaking conveyor units. Nitta Corp's tube and fitting products are applied in pneumatic equipment, semiconductor equipment, industrial robots, and others. The company's wiper products include slide seals, lip seals, telesco seals, and others.

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