Tsakos Energy Navigation (Tsakos Energy Navigation) Gross-Profit-to-Asset % : 10.79% (As of Dec. 2023)

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What is Tsakos Energy Navigation 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. Tsakos Energy Navigation's annualized Gross Profit for the quarter that ended in Dec. 2023 was $362.6 Mil. Tsakos Energy Navigation's average Total Assets over the quarter that ended in Dec. 2023 was $3,361.6 Mil. Therefore, Tsakos Energy Navigation's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 10.79%.

Tsakos Energy Navigation Gross-Profit-to-Asset % Historical Data

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

Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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4.44

5.14

0.05

9.24

11.09

Tsakos Energy Navigation 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															16.21	14.87	11.05	6.97	10.79

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

For the Oil & Gas Midstream subindustry, Tsakos Energy Navigation'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.

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

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

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

Tsakos Energy Navigation Gross-Profit-to-Asset % Calculation

Tsakos Energy Navigation'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 )
	=	370.007	/	( (3308.575	+	3364.09)	/ 2 )
	=	370.007	/	3336.3325
	=	11.09 %

Tsakos Energy Navigation'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 )
	=	362.588	/	( (3359.169	+	3364.09)	/ 2 )
	=	362.588	/	3361.6295
	=	10.79 %

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.

Tsakos Energy Navigation Gross-Profit-to-Asset % Related Terms

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Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.