Loop Industries (FRA:3L9) Gross-Profit-to-Asset % : 0.39% (As of Nov. 2023)

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What is Loop Industries 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. Loop Industries's annualized Gross Profit for the quarter that ended in Nov. 2023 was €0.10 Mil. Loop Industries's average Total Assets over the quarter that ended in Nov. 2023 was €24.82 Mil. Therefore, Loop Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Nov. 2023 was 0.39%.

Loop Industries Gross-Profit-to-Asset % Historical Data

The historical data trend for Loop Industries'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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Loop Industries Gross-Profit-to-Asset % Chart

Loop Industries Annual Data

Trend

Sep14

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Feb21

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Feb23

Gross-Profit-to-Asset %

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0.36

Loop Industries Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															0.26	0.13	0.28	0.68	0.39

Competitive Comparison of Loop Industries's Gross-Profit-to-Asset %

For the Specialty Chemicals subindustry, Loop Industries'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.

Loop Industries's Gross-Profit-to-Asset % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Loop Industries's Gross-Profit-to-Asset % distribution charts can be found below:

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

Loop Industries Gross-Profit-to-Asset % Calculation

Loop Industries's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Feb. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Feb. 2023 )	/	( (Total Assets (A: Feb. 2022 )	+	Total Assets (A: Feb. 2023 ))	/ count )
	=	0.162	/	( (52.173	+	37.883)	/ 2 )
	=	0.162	/	45.028
	=	0.36 %

Loop Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Nov. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Nov. 2023 )	/	( (Total Assets (Q: Aug. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	0.096	/	( (26.736	+	22.894)	/ 2 )
	=	0.096	/	24.815
	=	0.39 %

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 (Nov. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Loop Industries Gross-Profit-to-Asset % Related Terms

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Loop Industries (FRA:3L9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Loop Industries Inc (FRA:3L9) » Definitions » Gross-Profit-to-Asset %

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LOOP:USA

Address

480 Fernand-Poitras, Terrebonne, QC, CAN, J6Y 1Y4

Website

http://www.loopindustries.com

Loop Industries Inc is a technology and licensing company whose mission is to accelerate the world's shift toward sustainable plastic and away from dependence on fossil fuels. The company owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Its monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives.

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