Modern Plant Based Foods (XCNQ:MEAT) Gross-Profit-to-Asset % : 25.86% (As of Feb. 2024)

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What is Modern Plant Based Foods 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. Modern Plant Based Foods's annualized Gross Profit for the quarter that ended in Feb. 2024 was C$0.20 Mil. Modern Plant Based Foods's average Total Assets over the quarter that ended in Feb. 2024 was C$0.79 Mil. Therefore, Modern Plant Based Foods's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was 25.86%.

Modern Plant Based Foods Gross-Profit-to-Asset % Historical Data

The historical data trend for Modern Plant Based Foods'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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Modern Plant Based Foods Gross-Profit-to-Asset % Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Gross-Profit-to-Asset %

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0.05

11.25

0.97

10.73

Modern Plant Based Foods Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															13.02	19.74	-12.99	20.71	25.86

Competitive Comparison of Modern Plant Based Foods's Gross-Profit-to-Asset %

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods's Gross-Profit-to-Asset % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's Gross-Profit-to-Asset % falls into.

Modern Plant Based Foods Gross-Profit-to-Asset % Calculation

Modern Plant Based Foods's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Aug. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Aug. 2023 )	/	( (Total Assets (A: Aug. 2022 )	+	Total Assets (A: Aug. 2023 ))	/ count )
	=	0.104	/	( (1.236	+	0.703)	/ 2 )
	=	0.104	/	0.9695
	=	10.73 %

Modern Plant Based Foods's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Feb. 2024 )	/	( (Total Assets (Q: Nov. 2023 )	+	Total Assets (Q: Feb. 2024 ))	/ count )
	=	0.204	/	( (0.765	+	0.813)	/ 2 )
	=	0.204	/	0.789
	=	25.86 %

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 (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Modern Plant Based Foods Gross-Profit-to-Asset % Related Terms

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Modern Plant Based Foods (XCNQ:MEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (XCNQ:MEAT) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

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MDRNF:USA L3OP:Germany

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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