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Fortune Bay (Fortune Bay) Gross-Profit-to-Asset % : -0.02% (As of Mar. 2024)


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What is Fortune Bay 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. Fortune Bay's annualized Gross Profit for the quarter that ended in Mar. 2024 was $-0.00 Mil. Fortune Bay's average Total Assets over the quarter that ended in Mar. 2024 was $17.88 Mil. Therefore, Fortune Bay's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was -0.02%.

Fortune Bay Gross-Profit-to-Asset % Historical Data

The historical data trend for Fortune Bay'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.

* Premium members only.

Fortune Bay Gross-Profit-to-Asset % Chart

Fortune Bay Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only -0.02 -0.01 -0.03 -0.02 -0.02

Fortune Bay 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.02 -0.02 -0.02 -0.02 -0.02

Competitive Comparison of Fortune Bay's Gross-Profit-to-Asset %

For the Gold subindustry, Fortune Bay'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.

Fortune Bay's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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


Fortune Bay Gross-Profit-to-Asset % Calculation

Fortune Bay'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 )
=-0.003/( (17.471+17.967)/ 2 )
=-0.003/17.719
=-0.02 %

Fortune Bay'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 )
=-0.004/( (17.967+17.797)/ 2 )
=-0.004/17.882
=-0.02 %

* 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.

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.

Fortune Bay Gross-Profit-to-Asset % Related Terms

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Fortune Bay (Fortune Bay) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Bay Corp (OTCPK:FTBYF) » Definitions » Gross-Profit-to-Asset %
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Traded in Other Exchanges
5QN:Germany FOR:Canada
Address
1969 Upper Water Street, Suite 2001, Purdy's Wharf, Tower II, Halifax, NS, CAN, B3J 3R7
Website
https://www.fortunebaycorp.com
Fortune Bay Corp is engaged in the acquisition, exploration, and development of mineral interests. The company's properties include the Goldfields Project; Murmac Uranium Project; Ixhuatan Project and Strike Uranium Project.

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