Kelt Exploration (FRA:2KE) Gross-Profit-to-Asset % : 13.00% (As of Mar. 2024)

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What is Kelt Exploration 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. Kelt Exploration's annualized Gross Profit for the quarter that ended in Mar. 2024 was €112.6 Mil. Kelt Exploration's average Total Assets over the quarter that ended in Mar. 2024 was €866.5 Mil. Therefore, Kelt Exploration's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 13.00%.

Kelt Exploration Gross-Profit-to-Asset % Historical Data

The historical data trend for Kelt Exploration'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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Kelt Exploration Gross-Profit-to-Asset % Chart

Kelt Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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6.84

-0.94

15.05

30.30

15.34

Kelt Exploration Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															17.94	14.72	14.02	15.24	13.00

Competitive Comparison of Kelt Exploration's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Kelt Exploration'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.

Kelt Exploration's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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

Kelt Exploration Gross-Profit-to-Asset % Calculation

Kelt Exploration'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 )
	=	126.183	/	( (783.901	+	861.425)	/ 2 )
	=	126.183	/	822.663
	=	15.34 %

Kelt Exploration's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	112.628	/	( (861.425	+	871.646)	/ 2 )
	=	112.628	/	866.5355
	=	13.00 %

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

Kelt Exploration Gross-Profit-to-Asset % Related Terms

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Kelt Exploration (FRA:2KE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Kelt Exploration Ltd (FRA:2KE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

KELTF:USA KEL:Canada

Address

311 – 6th Avenue S.W, Suite 300, Calgary, AB, CAN, T2P 3H2

Website

https://www.keltexploration.com

Kelt Exploration Ltd is an oil and gas company that focuses on the exploration, development, and production of crude oil and natural gas in northwestern Alberta and northeastern British Columbia. Assets for production are acquired through the purchase of other corporate entities or through a full-cycle exploration program. Kelt traditionally focuses its exploration activities on areas with multizone hydrocarbon potential in Canada. The company owns pipeline infrastructure in some of its core regions to help move its products to domestic markets. Product offerings for the energy firm consist of crude oil, natural gas liquids, and natural gas, with a majority of revenue delivered by Gas production.

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