Nordic American Tankers (Nordic American Tankers) Gross-Profit-to-Asset % : 14.20% (As of Dec. 2023)

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What is Nordic American Tankers 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. Nordic American Tankers's annualized Gross Profit for the quarter that ended in Dec. 2023 was $121.8 Mil. Nordic American Tankers's average Total Assets over the quarter that ended in Dec. 2023 was $857.8 Mil. Therefore, Nordic American Tankers's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.20%.

Nordic American Tankers Gross-Profit-to-Asset % Historical Data

The historical data trend for Nordic American Tankers'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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Nordic American Tankers Gross-Profit-to-Asset % Chart

Nordic American Tankers Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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4.32

9.86

-8.02

6.35

17.14

Nordic American Tankers 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															19.59	27.73	17.94	9.66	14.20

Competitive Comparison of Nordic American Tankers's Gross-Profit-to-Asset %

For the Marine Shipping subindustry, Nordic American Tankers'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.

Nordic American Tankers's Gross-Profit-to-Asset % Distribution in the Transportation Industry

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

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

Nordic American Tankers Gross-Profit-to-Asset % Calculation

Nordic American Tankers'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 )
	=	150.78	/	( (879.883	+	879.196)	/ 2 )
	=	150.78	/	879.5395
	=	17.14 %

Nordic American Tankers'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 )
	=	121.824	/	( (836.332	+	879.196)	/ 2 )
	=	121.824	/	857.764
	=	14.20 %

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.

Nordic American Tankers Gross-Profit-to-Asset % Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.