Looking Glass Labs (AQSE:NFTX) Gross-Profit-to-Asset % : 273.68% (As of Jan. 2024)

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What is Looking Glass Labs 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. Looking Glass Labs's annualized Gross Profit for the quarter that ended in Jan. 2024 was £1.30 Mil. Looking Glass Labs's average Total Assets over the quarter that ended in Jan. 2024 was £0.48 Mil. Therefore, Looking Glass Labs's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was 273.68%.

Looking Glass Labs Gross-Profit-to-Asset % Historical Data

The historical data trend for Looking Glass Labs'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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Looking Glass Labs Gross-Profit-to-Asset % Chart

Looking Glass Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Gross-Profit-to-Asset %

168.33

12.07

Looking Glass Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial											2.83	-2.28	86.11	330.76	273.68

Competitive Comparison of Looking Glass Labs's Gross-Profit-to-Asset %

For the Software - Infrastructure subindustry, Looking Glass Labs'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.

Looking Glass Labs's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Looking Glass Labs's Gross-Profit-to-Asset % distribution charts can be found below:

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

Looking Glass Labs Gross-Profit-to-Asset % Calculation

Looking Glass Labs's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jul. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jul. 2023 )	/	( (Total Assets (A: Jul. 2022 )	+	Total Assets (A: Jul. 2023 ))	/ count )
	=	0.32	/	( (4.811	+	0.492)	/ 2 )
	=	0.32	/	2.6515
	=	12.07 %

Looking Glass Labs's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	1.3	/	( (0.311	+	0.639)	/ 2 )
	=	1.3	/	0.475
	=	273.68 %

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

Looking Glass Labs Gross-Profit-to-Asset % Related Terms

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Looking Glass Labs (AQSE:NFTX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Looking Glass Labs Ltd (AQSE:NFTX) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

H1N0:Germany NFTX:Canada

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

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