Nova Cannabis (FRA:2LK) Gross-Profit-to-Asset % : 50.42% (As of Mar. 2024)

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What is Nova Cannabis 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. Nova Cannabis's annualized Gross Profit for the quarter that ended in Mar. 2024 was €42.9 Mil. Nova Cannabis's average Total Assets over the quarter that ended in Mar. 2024 was €85.1 Mil. Therefore, Nova Cannabis's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 50.42%.

Nova Cannabis Gross-Profit-to-Asset % Historical Data

The historical data trend for Nova Cannabis'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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Nova Cannabis Gross-Profit-to-Asset % Chart

Nova Cannabis Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

6.14

40.11

29.03

37.93

51.44

Nova Cannabis Quarterly Data
	Dec19	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												44.91	51.23	56.97	55.16	50.42

Competitive Comparison of Nova Cannabis's Gross-Profit-to-Asset %

For the Pharmaceutical Retailers subindustry, Nova Cannabis'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.

Nova Cannabis's Gross-Profit-to-Asset % Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Nova Cannabis's Gross-Profit-to-Asset % distribution charts can be found below:

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

Nova Cannabis Gross-Profit-to-Asset % Calculation

Nova Cannabis'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 )
	=	42.096	/	( (78.627	+	85.028)	/ 2 )
	=	42.096	/	81.8275
	=	51.44 %

Nova Cannabis'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 )
	=	42.908	/	( (85.028	+	85.175)	/ 2 )
	=	42.908	/	85.1015
	=	50.42 %

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.

Nova Cannabis Gross-Profit-to-Asset % Related Terms

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Nova Cannabis (FRA:2LK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Nova Cannabis Inc (FRA:2LK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NVACF:USA NOVC:Canada

Address

101, 17220 Stony Plain Road NW, Edmonton, AB, CAN, T5S 1K6

Website

https://www.novacannabisstore.com

Nova Cannabis Inc is engaged in the operation of retail cannabis stores in Canada. It operates approximately 88 retail cannabis stores in Alberta, 16 in Ontario, and one in Saskatchewan. Some of its brands are Value Buds and Sweet Tree Cannabis Co. The company's products include Dried flowers, Pre-rolls, Candy and Cartridges, among others.

Nova Cannabis (FRA:2LK) Headlines

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