Costamare (Costamare) Gross-Profit-to-Asset % : 9.32% (As of Dec. 2023)

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What is Costamare 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. Costamare's annualized Gross Profit for the quarter that ended in Dec. 2023 was $495 Mil. Costamare's average Total Assets over the quarter that ended in Dec. 2023 was $5,312 Mil. Therefore, Costamare's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 9.32%.

Costamare Gross-Profit-to-Asset % Historical Data

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

Costamare Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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7.56

7.03

11.91

12.91

8.57

Costamare 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															10.73	8.05	7.60	8.53	9.32

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

For the Marine Shipping subindustry, Costamare'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.

Costamare's Gross-Profit-to-Asset % Distribution in the Transportation Industry

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

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

Costamare Gross-Profit-to-Asset % Calculation

Costamare'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 )
	=	436.421	/	( (4896.229	+	5287.022)	/ 2 )
	=	436.421	/	5091.6255
	=	8.57 %

Costamare'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 )
	=	495.172	/	( (5336.377	+	5287.022)	/ 2 )
	=	495.172	/	5311.6995
	=	9.32 %

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.

Costamare Gross-Profit-to-Asset % Related Terms

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Costamare (Costamare) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Costamare Inc (NYSE:CMRE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

CMREpE.PFD:USA CMREpD.PFD:USA CMREpC.PFD:USA CMREpB.PFD:USA LCM:Germany LCM:Germany

Address

7 Rue du Gabian, Monaco, MCO, MC 98000

Website

https://www.costamare.com

Costamare Inc is an international owner and operator of containerships and dry bulk vessels. The company charter its containerships to the liner companies, providing transportation of containerized cargoes. It charter its dry bulk vessels to a wide variety of customers, providing transportation for dry bulk cargoes. The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates a majority of its revenue from the United States of America.