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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Gross-Profit-to-Asset % : 20.29% (As of Mar. 2024)


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What is Labrador Iron Ore Royalty 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. Labrador Iron Ore Royalty's annualized Gross Profit for the quarter that ended in Mar. 2024 was $128.8 Mil. Labrador Iron Ore Royalty's average Total Assets over the quarter that ended in Mar. 2024 was $634.8 Mil. Therefore, Labrador Iron Ore Royalty's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 20.29%.


Labrador Iron Ore Royalty Gross-Profit-to-Asset % Historical Data

The historical data trend for Labrador Iron Ore Royalty'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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Labrador Iron Ore Royalty Gross-Profit-to-Asset % Chart

Labrador Iron Ore Royalty Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.22 20.14 27.01 21.61 18.69

Labrador Iron Ore Royalty 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 17.36 19.36 17.21 20.22 20.29

Competitive Comparison of Labrador Iron Ore Royalty's Gross-Profit-to-Asset %

For the Steel subindustry, Labrador Iron Ore Royalty'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.


Labrador Iron Ore Royalty's Gross-Profit-to-Asset % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Labrador Iron Ore Royalty's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Labrador Iron Ore Royalty's Gross-Profit-to-Asset % falls into.



Labrador Iron Ore Royalty Gross-Profit-to-Asset % Calculation

Labrador Iron Ore Royalty'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 )
=115.114/( (607.851+623.915)/ 2 )
=115.114/615.883
=18.69 %

Labrador Iron Ore Royalty'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 )
=128.824/( (623.915+645.735)/ 2 )
=128.824/634.825
=20.29 %

* 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.


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Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Business Description

Traded in Other Exchanges
Address
235 Water Street, P.O. Box 610, Suite 1000, Scotia Centre, St. John’s, NL, CAN, A1C 5L3
Labrador Iron Ore Royalty Corporation is a Canadian corporation. The company generates all of its revenue from its equity investment in Iron Ore Company of Canada, (IOC) and its IOC royalty and commission interests. IOC operates a major iron mine near Labrador City, Newfoundland, and Labrador on lands leased from LIORC. Directly and through its wholly-owned subsidiary, Hollinger-Hanna, LIORC owns an equity interest in IOC and receives gross overriding royalty on all iron ore products produced from the leased lands that are sold and shipped by IOC and commission on IOC's sales of iron ore. IOC is a Canadian producer of iron ore pellets and concentrate, serving customers worldwide.

Labrador Iron Ore Royalty (Labrador Iron Ore Royalty) Headlines

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