Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Lowe's's annualizedGross Profit for the quarter that ended in Jan. 2024 was $24,108 Mil.
Lowe's's average Total Assets over the quarter that ended in Jan. 2024 was $42,157 Mil. Therefore, Lowe's's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 57.19%.
Lowe's Gross-Profit-to-Asset % Historical Data
The historical data trend for Lowe's'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.
Competitive Comparison of Lowe's's Gross-Profit-to-Asset %
For the Home Improvement Retail subindustry, Lowe's'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.
Lowe's's Gross-Profit-to-Asset % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Lowe's's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Lowe's's Gross-Profit-to-Asset % falls into.
Lowe's Gross-Profit-to-Asset % Calculation
Lowe's's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jan. 2024 is calculated as:
* 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 (Jan. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Lowe's Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Lowe's's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
Lowe's is the second-largest home improvement retailer in the world, operating more than 1,700 stores in the United States, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two thirds of products sold. Lowe's targets retail do-it-yourself (around 75% of sales) and do-it-for-me customers as well as commercial and professional business clients (around 25% of sales). We estimate Lowe's captures a low-double-digit share of the domestic home improvement market, based on U.S. Census data and management's market size estimates.
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