Tsingtao Brewery Co (Tsingtao Brewery Co) Gross-Profit-to-Asset % : 32.79% (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Tsingtao Brewery 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. Tsingtao Brewery Co's annualized Gross Profit for the quarter that ended in Mar. 2024 was $2,280 Mil. Tsingtao Brewery Co's average Total Assets over the quarter that ended in Mar. 2024 was $6,953 Mil. Therefore, Tsingtao Brewery Co's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 32.79%.

Tsingtao Brewery Co Gross-Profit-to-Asset % Historical Data

The historical data trend for Tsingtao Brewery 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.

Tsingtao Brewery Co Gross-Profit-to-Asset % Chart

Tsingtao Brewery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

Get a 7-Day Free Trial

30.25

25.71

25.46

23.41

26.04

Tsingtao Brewery 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															32.86	33.42	29.81	6.64	32.79

Competitive Comparison of Tsingtao Brewery Co's Gross-Profit-to-Asset %

For the Beverages - Brewers subindustry, Tsingtao Brewery 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.

Tsingtao Brewery Co's Gross-Profit-to-Asset % Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Tsingtao Brewery Co's Gross-Profit-to-Asset % distribution charts can be found below:

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

Tsingtao Brewery Co Gross-Profit-to-Asset % Calculation

Tsingtao Brewery 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 )
	=	1837.432	/	( (7216.561	+	6898.408)	/ 2 )
	=	1837.432	/	7057.4845
	=	26.04 %

Tsingtao Brewery 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 )
	=	2279.928	/	( (6898.408	+	7006.795)	/ 2 )
	=	2279.928	/	6952.6015
	=	32.79 %

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.

Tsingtao Brewery Co Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Tsingtao Brewery Co's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.

Tsingtao Brewery Co (Tsingtao Brewery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Tsingtao Brewery Co Ltd (OTCPK:TSGTF) » Definitions » Gross-Profit-to-Asset %

Traded in Other Exchanges

TSGTY:USA 00168:Hong Kong TSI:Germany 600600:China

Address

No. 35, Donghai West Road, Tsingtao Beer Tower, Shandong Province, Qingdao, CHN, 266071

Website

https://www.tsingtao.com

With over 100 years of history, Tsingtao Brewery has become one of the leading brewers in China with its namesake Tsingtao brand. The company has a dominant position in its core market, Shandong province, which contributed over 60% of its revenue and net profit in 2022. Unlike other major brewers, Tsingtao Brewery's brand umbrellas consist entirely of domestic brands. The Tsingtao brand has a mid-range to high-end market positioning and contributed over half of its volume whereas the mass market Laoshan brand targets the mainstream segment, with a declining volume mix as the company sought to premiumize its portfolio in recent years.