IREN (IREN) Gross-Profit-to-Asset % : 15.34% (As of Sep. 2024)

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What is IREN 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. IREN's annualized Gross Profit for the quarter that ended in Sep. 2024 was $186.7 Mil. IREN's average Total Assets over the quarter that ended in Sep. 2024 was $1,217.1 Mil. Therefore, IREN's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 15.34%.

IREN Gross-Profit-to-Asset % Historical Data

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

IREN Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Jun24

Gross-Profit-to-Asset %

10.84

7.77

14.64

12.77

22.43

IREN Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial												36.40	36.16	34.80	20.89	15.34

Competitive Comparison of IREN's Gross-Profit-to-Asset %

For the Capital Markets subindustry, IREN'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.

IREN's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, IREN's Gross-Profit-to-Asset % distribution charts can be found below:

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

IREN Gross-Profit-to-Asset % Calculation

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

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2024 )	/	( (Total Assets (A: Jun. 2023 )	+	Total Assets (A: Jun. 2024 ))	/ count )
	=	166.555	/	( (332.074	+	1153.033)	/ 2 )
	=	166.555	/	742.5535
	=	22.43 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	186.676	/	( (1153.033	+	1281.211)	/ 2 )
	=	186.676	/	1217.122
	=	15.34 %

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

IREN Gross-Profit-to-Asset % Related Terms

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IREN Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » IREN Ltd (NAS:IREN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

F8P:Germany

Address

44 Market Street, Level 12, Sydney, NSW, AUS, 2000

Website

https://www.irisenergy.co

Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.