HyreCar (HyreCar) Gross-Profit-to-Asset % : 115.50% (As of Sep. 2022)

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What is HyreCar 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. HyreCar's annualized Gross Profit for the quarter that ended in Sep. 2022 was $15.39 Mil. HyreCar's average Total Assets over the quarter that ended in Sep. 2022 was $13.33 Mil. Therefore, HyreCar's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2022 was 115.50%.

HyreCar Gross-Profit-to-Asset % Historical Data

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

HyreCar Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Gross-Profit-to-Asset %

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52.18

115.66

64.04

93.49

85.89

HyreCar Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															48.14	68.85	77.68	129.08	115.50

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

For the Rental & Leasing Services subindustry, HyreCar'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.

HyreCar's Gross-Profit-to-Asset % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HyreCar's Gross-Profit-to-Asset % distribution charts can be found below:

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

HyreCar Gross-Profit-to-Asset % Calculation

HyreCar's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2021 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2021 )	/	( (Total Assets (A: Dec. 2020 )	+	Total Assets (A: Dec. 2021 ))	/ count )
	=	9.773	/	( (6.313	+	16.444)	/ 2 )
	=	9.773	/	11.3785
	=	85.89 %

HyreCar's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2022 )	/	( (Total Assets (Q: Jun. 2022 )	+	Total Assets (Q: Sep. 2022 ))	/ count )
	=	15.392	/	( (9.098	+	17.555)	/ 2 )
	=	15.392	/	13.3265
	=	115.50 %

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 (Sep. 2022) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

HyreCar Gross-Profit-to-Asset % Related Terms

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HyreCar (HyreCar) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HyreCar Inc (OTCPK:HYREQ) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

915 Wilshire Boulevard, Suite 1950, Los Angeles, CA, USA, 90017

Website

https://www.hyrecar.com

HyreCar Inc is a peer-to-peer car-sharing marketplace that allows car owners to rent their idle cars to ride-sharing service drivers. The company generates its revenue in the form of transaction fees, insurance fee, and from other sources such as referrals, motor vehicle record fees, late rental fees, and other fees charged to drivers in specific situations. It operates in a single segment, which is Rental.

Executives

Vazquez Eduardo Iniguez	officer: Interim CFO	C/O HYRECAR INC. 915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Brian Allan	officer: President	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Bock Serge De	officer: Chief Financial Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Arctis Global Llc	10 percent owner	AM TOWERS, 207 CALLE DEL PARQUE, 7TH FLOOR, SAN JUAN PR 00912-3242
Greg Tatem	officer: Chief Technology Officer	915 WILSHIRE BLVD., SUITE 1950, LOS ANGELES CA 90017
Jayaprakash Vijayan	director	25501 WEST VALLEY PARKWAY, SUITE 300, OLATHE KS 66061
Joseph Furnari	director, officer: CEO and CFO	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Michael Furnari	officer: CBD Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Grace Wang	director	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Robert Scott Brogi	officer: Chief Financial Officer	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Henry Park	officer: Chief Operating Officer	C/O HYRECAR INC., 355 SOUTH GRAND STREET, SUITE 1650, LOS ANGELES CA 90071
Michael Root	director	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Ken Grimes	officer: Chief Technology Officer	355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Anshu Bansal	director, 10 percent owner	C/O HYRECAR INC., 355 SOUTH GRAND AVENUE, SUITE 1650, LOS ANGELES CA 90071
Brooke Skinner-ricketts	director	C/O HYRECAR, INC., 355 SOUTH GRAND AVE, SUITE 1650, LOS ANGELES CA 90071