True North Copper (ASX:TNC) Gross-Profit-to-Asset % : -0.69% (As of Dec. 2024)

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What is True North Copper 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. True North Copper's annualized Gross Profit for the quarter that ended in Dec. 2024 was A$-0.74 Mil. True North Copper's average Total Assets over the quarter that ended in Dec. 2024 was A$106.39 Mil. Therefore, True North Copper's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was -0.69%.

True North Copper Gross-Profit-to-Asset % Historical Data

The historical data trend for True North Copper'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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True North Copper Gross-Profit-to-Asset % Chart

True North Copper Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Gross-Profit-to-Asset %

2.50

0.53

True North Copper Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial					-	5.05	-1.04	1.90	-0.69

Competitive Comparison of True North Copper's Gross-Profit-to-Asset %

For the Copper subindustry, True North Copper'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.

True North Copper's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

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True North Copper Gross-Profit-to-Asset % Calculation

True North Copper's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2024 )	/	( (Total Assets (A: Jun. 2023 )	+	Total Assets (A: Jun. 2024 ))	/ count )
	=	0.498	/	( (75.3	+	111.694)	/ 2 )
	=	0.498	/	93.497
	=	0.53 %

True North Copper's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-0.738	/	( (111.694	+	101.09)	/ 2 )
	=	-0.738	/	106.392
	=	-0.69 %

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

True North Copper Gross-Profit-to-Asset % Related Terms

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True North Copper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » True North Copper Ltd (ASX:TNC) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

46-48 Sheridan Street, PO Box 3006, Level 9, Citi Central Tower, Cairns, QLD, AUS, 4870

Website

https://www.truenorthcopper.com.au

True North Copper Ltd is a mining and exploration company. The company mainly explores copper and cobalt projects in Cloncurry and Mt Oxide. It has only one reportable segment: exploration, development, and operations for minerals.