OP (OceanPal) Gross-Profit-to-Asset % : 6.61% (As of Jun. 2024)

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What is OceanPal 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. OceanPal's annualized Gross Profit for the quarter that ended in Jun. 2024 was $5.96 Mil. OceanPal's average Total Assets over the quarter that ended in Jun. 2024 was $90.26 Mil. Therefore, OceanPal's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was 6.61%.

OceanPal Gross-Profit-to-Asset % Historical Data

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

OceanPal Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

7.69

-6.07

5.67

-1.24

OceanPal Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial											0.23	-7.06	7.15	2.08	6.61

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

For the Marine Shipping subindustry, OceanPal'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.

OceanPal's Gross-Profit-to-Asset % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, OceanPal's Gross-Profit-to-Asset % distribution charts can be found below:

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

OceanPal Gross-Profit-to-Asset % Calculation

OceanPal'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 )
	=	-1.074	/	( (79.018	+	94.845)	/ 2 )
	=	-1.074	/	86.9315
	=	-1.24 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jun. 2024 )	/	( (Total Assets (Q: Mar. 2024 )	+	Total Assets (Q: Jun. 2024 ))	/ count )
	=	5.964	/	( (94.077	+	86.441)	/ 2 )
	=	5.964	/	90.259
	=	6.61 %

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

OceanPal Gross-Profit-to-Asset % Related Terms

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OceanPal Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » OceanPal Inc (NAS:OP) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

c/o Steamship Shipbroking Enterprises Inc, Pendelis 26, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.oceanpal.com

OceanPal Inc is a provider of shipping transportation services. It specializes in the ownership of vessels. Each of its vessels is owned through a separate wholly-owned subsidiary.