Althea Group Holdings (Althea Group Holdings) Gross-Profit-to-Asset % : 36.72% (As of Dec. 2023)

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What is Althea Group Holdings 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. Althea Group Holdings's annualized Gross Profit for the quarter that ended in Dec. 2023 was $10.63 Mil. Althea Group Holdings's average Total Assets over the quarter that ended in Dec. 2023 was $28.95 Mil. Therefore, Althea Group Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 36.72%.

Althea Group Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for Althea Group Holdings'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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Althea Group Holdings Gross-Profit-to-Asset % Chart

Althea Group Holdings Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

2.49

7.74

10.28

16.13

23.46

Althea Group Holdings Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial						15.31	17.00	18.87	28.05	36.72

Competitive Comparison of Althea Group Holdings's Gross-Profit-to-Asset %

For the Drug Manufacturers - Specialty & Generic subindustry, Althea Group Holdings'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.

Althea Group Holdings's Gross-Profit-to-Asset % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Althea Group Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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

Althea Group Holdings Gross-Profit-to-Asset % Calculation

Althea Group Holdings's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	8.47	/	( (39.751	+	32.443)	/ 2 )
	=	8.47	/	36.097
	=	23.46 %

Althea Group Holdings'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	10.63	/	( (32.443	+	25.456)	/ 2 )
	=	10.63	/	28.9495
	=	36.72 %

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

Althea Group Holdings Gross-Profit-to-Asset % Related Terms

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Althea Group Holdings (Althea Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Althea Group Holdings Ltd (OTCPK:AHGHF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

AGH:Australia

Address

360 Elizabeth Street, Suite 2, Level 50, Melbourne, VIC, AUS, 3000

Website

https://www.althea.life

Althea Group Holdings Ltd is engaged in the manufacturing, sales, and distribution of cannabis-based medicines and recreational cannabis products. It operates in three reportable segments Pharmaceutical Cannabis, Recreational Cannabis, and Corporate in which it generates the majority of its revenue from Pharmaceutical Cannabis. It operates into four geographic segments: Australia, the United Kingdom, Canada, and others. The company earns key revenue from Australia and through the sale of medicinal cannabis products.

Althea Group Holdings (Althea Group Holdings) Headlines

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