G2 Energy (XCNQ:GTOO) Gross-Profit-to-Asset % : 7.88% (As of Dec. 2023)

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What is G2 Energy 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. G2 Energy's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$0.59 Mil. G2 Energy's average Total Assets over the quarter that ended in Dec. 2023 was C$7.46 Mil. Therefore, G2 Energy's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 7.88%.

G2 Energy Gross-Profit-to-Asset % Historical Data

The historical data trend for G2 Energy'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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G2 Energy Gross-Profit-to-Asset % Chart

G2 Energy Annual Data

Trend

Mar16

Mar17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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5.36

5.56

3.95

3.56

G2 Energy 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															10.13	18.63	-26.43	1.42	7.88

Competitive Comparison of G2 Energy's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, G2 Energy'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.

G2 Energy's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, G2 Energy's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where G2 Energy's Gross-Profit-to-Asset % falls into.

G2 Energy Gross-Profit-to-Asset % Calculation

G2 Energy'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 )
	=	0.276	/	( (7.788	+	7.697)	/ 2 )
	=	0.276	/	7.7425
	=	3.56 %

G2 Energy'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 )
	=	0.588	/	( (7.554	+	7.368)	/ 2 )
	=	0.588	/	7.461
	=	7.88 %

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.

G2 Energy Gross-Profit-to-Asset % Related Terms

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G2 Energy (XCNQ:GTOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » G2 Energy Corp (XCNQ:GTOO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

GTGEF:USA B4O:Germany

Address

West Hastings Street, Unit 430 - 744, Vancouver, BC, CAN, V6C 1A5

Website

https://www.g2.energy

G2 Energy Corp is a company focused on acquiring and developing overlooked, low-risk, high-return opportunities in the oil and gas sector. The company is seeking opportunities to acquire a portfolio of risk-managed production and development in the USA. G2 is also pursuing production acquisition opportunities with operating netbacks and infrastructure facilities to fast-track future production growth.

Executives

John Costigan

Director

G2 Energy (XCNQ:GTOO) Headlines

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