Okmin Resources (Okmin Resources) Gross-Profit-to-Asset % : -0.44% (As of Dec. 2023)

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What is Okmin Resources 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. Okmin Resources's annualized Gross Profit for the quarter that ended in Dec. 2023 was $-0.00 Mil. Okmin Resources's average Total Assets over the quarter that ended in Dec. 2023 was $0.91 Mil. Therefore, Okmin Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was -0.44%.

Okmin Resources Gross-Profit-to-Asset % Historical Data

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

Okmin Resources Annual Data

Trend

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

0.31

-16.19

Okmin Resources Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial							-15.75	-26.77	-9.21	-4.33	-0.44

Competitive Comparison of Okmin Resources's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Okmin Resources'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.

Okmin Resources's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Okmin Resources's Gross-Profit-to-Asset % distribution charts can be found below:

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

Okmin Resources Gross-Profit-to-Asset % Calculation

Okmin Resources's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	-0.147	/	( (0.9	+	0.916)	/ 2 )
	=	-0.147	/	0.908
	=	-16.19 %

Okmin Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.004	/	( (0.93	+	0.899)	/ 2 )
	=	-0.004	/	0.9145
	=	-0.44 %

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

Okmin Resources Gross-Profit-to-Asset % Related Terms

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Okmin Resources (Okmin Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Okmin Resources Inc (OTCPK:OKMN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

16501 Ventura Boulevard, Suite 400, Encino, Los Angeles, CA, USA, 91436

Website

https://www.okminresources.com

Okmin Resources Inc is a natural resource exploration stage company that seeks to acquire, explore, and develop natural resource assets. It engages in the business of the acquisition, exploration, and development of mineral rights and natural resource assets. The company's projects are located in Oklahoma and Kansas. Its projects comprise Vitt Project Kansas; West Sheppard Pool Field in North East Oklahoma; and Pushmataha in South East Oklahoma.

Executives

Roy Mansano	10 percent owner	5343 OSTROM AVE., ENCINO CA 91316
Thomas Lapinski	director	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436
Jonathan Herzog	director, 10 percent owner, officer: President and CEO	16501 VENTURA BLVD., SUITE 400, ENCINO CA 91436

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