Lightning Minerals (ASX:L1M) Gross-Profit-to-Asset % : 1.18% (As of Dec. 2023)

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What is Lightning Minerals 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. Lightning Minerals's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$0.08 Mil. Lightning Minerals's average Total Assets over the quarter that ended in Dec. 2023 was A$6.59 Mil. Therefore, Lightning Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 1.18%.

Lightning Minerals Gross-Profit-to-Asset % Historical Data

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

Lightning Minerals Annual Data

Trend

Jun23

Gross-Profit-to-Asset %

Lightning Minerals Semi-Annual Data
	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	-	-	1.18

Competitive Comparison of Lightning Minerals's Gross-Profit-to-Asset %

For the Other Industrial Metals & Mining subindustry, Lightning Minerals'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.

Lightning Minerals's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Lightning Minerals's Gross-Profit-to-Asset % distribution charts can be found below:

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

Lightning Minerals Gross-Profit-to-Asset % Calculation

Lightning Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Lightning Minerals'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	0.078	/	( (6.906	+	6.282)	/ 2 )
	=	0.078	/	6.594
	=	1.18 %

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 two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Lightning Minerals Gross-Profit-to-Asset % Related Terms

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Lightning Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lightning Minerals Ltd (ASX:L1M) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

505 Little Collins Street,, Level 6, Melbourne, VIC, AUS, 3000

Website

https://www.lightningminerals.com.au

Lightning Minerals Ltd is a mining exploration company. Its exploration is focused on battery minerals such as Lithium, Nickel, Cobalt, Copper, and PGEs. It holds interest in Dundas Project; Mailman Hill Project; Mount Jewell Project; and Mt Bartle Project. Lightning Minerals sees a growing demand for Lithium, Nickel, Cobalt, Copper, and PGEs. Exploration is focused on fulfilling this critical minerals deficit.

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