Orbit Technologies (XTAE:ORBI) Gross-Profit-to-Asset % : 21.32% (As of Jun. 2023)

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What is Orbit Technologies 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. Orbit Technologies's annualized Gross Profit for the quarter that ended in Jun. 2023 was ₪85.5 Mil. Orbit Technologies's average Total Assets over the quarter that ended in Jun. 2023 was ₪401.0 Mil. Therefore, Orbit Technologies's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2023 was 21.32%.

Orbit Technologies Gross-Profit-to-Asset % Historical Data

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

Orbit Technologies Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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29.04

30.72

31.46

26.30

23.85

Orbit Technologies Quarterly Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial						24.57	-	-	17.41	21.32

Competitive Comparison of Orbit Technologies's Gross-Profit-to-Asset %

For the Aerospace & Defense subindustry, Orbit Technologies'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.

Orbit Technologies's Gross-Profit-to-Asset % Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Orbit Technologies's Gross-Profit-to-Asset % distribution charts can be found below:

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

Orbit Technologies Gross-Profit-to-Asset % Calculation

Orbit Technologies's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	81.186	/	( (286.036	+	394.696)	/ 2 )
	=	81.186	/	340.366
	=	23.85 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	85.496	/	( (396.292	+	405.646)	/ 2 )
	=	85.496	/	400.969
	=	21.32 %

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

Orbit Technologies Gross-Profit-to-Asset % Related Terms

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Orbit Technologies (XTAE:ORBI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Orbit Technologies Ltd (XTAE:ORBI) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

8D Hatzoran Street, PO Box 8657, Netanya, ISR, 4250608

Website

http://www.orbit-cs.com

Orbit Technologies Ltd is an Israel based company engages in the provision of Satellite Communications Systems, Tracking and Telemetry Systems and Communication Management Systems for Airborne, Marine, and Ground vessels, in both Commercial and Military applications. Its activities are divided into below the main business lines. The Mobile Satcom business line offers marine, air, train, and land mobile satcom systems that are used for television reception and for data applications such as Internet and video. Its Tracking business line provides full solutions for tracking low orbiting satellites, aircraft, UAVs, and missiles.

Orbit Technologies (XTAE:ORBI) Headlines

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