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Findev (TSXV:FDI) Gross-Profit-to-Asset % : 14.53% (As of Dec. 2023)


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What is Findev 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. Findev's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$3.63 Mil. Findev's average Total Assets over the quarter that ended in Dec. 2023 was C$24.97 Mil. Therefore, Findev's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.53%.


Findev Gross-Profit-to-Asset % Historical Data

The historical data trend for Findev'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.

* Premium members only.

Findev Gross-Profit-to-Asset % Chart

Findev Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.57 12.21 12.67 12.88 13.94

Findev Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.02 13.40 13.61 14.07 14.53

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

For the Mortgage Finance subindustry, Findev'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.


Findev's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Findev's Gross-Profit-to-Asset % distribution charts can be found below:

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



Findev Gross-Profit-to-Asset % Calculation

Findev'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 )
=3.419/( (23.953+25.105)/ 2 )
=3.419/24.529
=13.94 %

Findev'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: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=3.628/( (24.829+25.105)/ 2 )
=3.628/24.967
=14.53 %

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


Findev Gross-Profit-to-Asset % Related Terms

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Findev (TSXV:FDI) Business Description

Traded in Other Exchanges
Address
10 Wanless Avenue, Suite 200, Toronto, ON, CAN, M4N 1V6
Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above-average returns in a two to three-year timeframe. It focuses on lending to residential and retail development projects within the Greater Toronto Area. It focuses on real estate projects that include condominiums, purpose-built rentals, townhouses, low-rise/subdivisions, and retail developments.
Executives
Anthony Heller Director

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