FTMDF (Fortune Minerals) Gross-Profit-to-Asset % : -1.83% (As of Dec. 2024)

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What is Fortune Minerals 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 Minerals's annualized Gross Profit for the quarter that ended in Dec. 2024 was $-0.05 Mil. Fortune Minerals's average Total Assets over the quarter that ended in Dec. 2024 was $2.84 Mil. Therefore, Fortune Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was -1.83%.

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

The historical data trend for Fortune Minerals'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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Fortune Minerals Gross-Profit-to-Asset % Chart

Fortune Minerals Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Gross-Profit-to-Asset %

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-0.03

-0.16

-4.19

-5.70

-2.07

Fortune Minerals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															-0.29	-4.75	-3.73	-2.59	-1.83

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

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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 Minerals's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

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Fortune Minerals Gross-Profit-to-Asset % Calculation

Fortune Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2024 )	/	( (Total Assets (A: Dec. 2023 )	+	Total Assets (A: Dec. 2024 ))	/ count )
	=	-0.047	/	( (1.164	+	3.38)	/ 2 )
	=	-0.047	/	2.272
	=	-2.07 %

Fortune Minerals'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: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	-0.052	/	( (2.306	+	3.38)	/ 2 )
	=	-0.052	/	2.843
	=	-1.83 %

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

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

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Fortune Minerals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (OTCPK:FTMDF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

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0UWG:UK FMP:Germany FT:Canada

Address

617 Wellington Street, London, ON, CAN, N6A 3R6

Website

https://www.fortuneminerals.com

Fortune Minerals Ltd is engaged in the exploration and development of mineral properties in Canada. It is focused on advancing the vertically integrated NICO cobalt-gold-bismuth-copper project, comprised of a proposed mine and mill in Canada's Northwest Territories. Fortune also owns the Sue-Dianne copper-silver-gold deposit and the Salkeld Lake exploration project, and holds net smelter royalty (NSR) interests on leases located on the Camsell River property, located south of the Eldorado mining district at Great Bear Lake.