Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Gross-Profit-to-Asset % : -10.55% (As of Dec. 2023)

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What is Ecofin US Renewables Infrastructure Trust 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. Ecofin US Renewables Infrastructure Trust's annualized Gross Profit for the quarter that ended in Dec. 2023 was $-12.96 Mil. Ecofin US Renewables Infrastructure Trust's average Total Assets over the quarter that ended in Dec. 2023 was $122.84 Mil. Therefore, Ecofin US Renewables Infrastructure Trust's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was -10.55%.

Ecofin US Renewables Infrastructure Trust Gross-Profit-to-Asset % Historical Data

The historical data trend for Ecofin US Renewables Infrastructure Trust'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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Ecofin US Renewables Infrastructure Trust Gross-Profit-to-Asset % Chart

Ecofin US Renewables Infrastructure Trust Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

1.74

-4.45

Ecofin US Renewables Infrastructure Trust Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	3.04	0.24	1.45	-10.55

Competitive Comparison of Ecofin US Renewables Infrastructure Trust's Gross-Profit-to-Asset %

For the Asset Management subindustry, Ecofin US Renewables Infrastructure Trust'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.

Ecofin US Renewables Infrastructure Trust's Gross-Profit-to-Asset % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ecofin US Renewables Infrastructure Trust's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Ecofin US Renewables Infrastructure Trust's Gross-Profit-to-Asset % falls into.

Ecofin US Renewables Infrastructure Trust Gross-Profit-to-Asset % Calculation

Ecofin US Renewables Infrastructure Trust'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 )
	=	-5.544	/	( (130.78	+	118.454)	/ 2 )
	=	-5.544	/	124.617
	=	-4.45 %

Ecofin US Renewables Infrastructure Trust'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 )
	=	-12.96	/	( (127.222	+	118.454)	/ 2 )
	=	-12.96	/	122.838
	=	-10.55 %

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.

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Ecofin US Renewables Infrastructure Trust (LSE:RNEW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ecofin US Renewables Infrastructure Trust PLC (LSE:RNEW) » Definitions » Gross-Profit-to-Asset %

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Traded in Other Exchanges

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Address

125 London Wall, 6th Floor, London, GBR, EC2Y 5AS

Website

https://www.ecofininvest.com

Ecofin US Renewables Infrastructure Trust PLC is a closed-ended investment company. Its investment objective is to provide its shareholders with an attractive level of current distributions by investing in a diversified portfolio of mixed renewable energy and sustainable infrastructure assets.