Parkit Enterprise (Parkit Enterprise) Gross-Profit-to-Asset % : 5.17% (As of Mar. 2024)

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What is Parkit Enterprise 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. Parkit Enterprise's annualized Gross Profit for the quarter that ended in Mar. 2024 was $12.45 Mil. Parkit Enterprise's average Total Assets over the quarter that ended in Mar. 2024 was $240.64 Mil. Therefore, Parkit Enterprise's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 5.17%.

Parkit Enterprise Gross-Profit-to-Asset % Historical Data

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

Parkit Enterprise Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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0.76

3.45

2.75

5.04

Parkit Enterprise Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															2.98	4.77	5.07	5.15	5.17

Competitive Comparison of Parkit Enterprise's Gross-Profit-to-Asset %

For the Real Estate Services subindustry, Parkit Enterprise'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.

Parkit Enterprise's Gross-Profit-to-Asset % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Parkit Enterprise's Gross-Profit-to-Asset % distribution charts can be found below:

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

Parkit Enterprise Gross-Profit-to-Asset % Calculation

Parkit Enterprise'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 )
	=	10.54	/	( (176.396	+	241.9)	/ 2 )
	=	10.54	/	209.148
	=	5.04 %

Parkit Enterprise'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 )
	=	12.448	/	( (241.9	+	239.376)	/ 2 )
	=	12.448	/	240.638
	=	5.17 %

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.

Parkit Enterprise Gross-Profit-to-Asset % Related Terms

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Parkit Enterprise (Parkit Enterprise) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Parkit Enterprise Inc (OTCPK:PKTEF) » Definitions » Gross-Profit-to-Asset %

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PKT:Canada

Address

100 Canadian Road, Scarborough, ON, CAN, M1R 4Z5

Website

https://www.parkitenterprise.com

Parkit Enterprise Inc is an industrial real estate platform. It is focused on the acquisition, growth, and management of strategically located industrial properties across key markets in Canada, with a focus on the Greater Toronto Area (GTA), Ottawa, and Montreal, to complement its parking assets across the United States. The Company operates in two reportable business segments: Investment Properties which involves the acquisition and management of income producing industrial properties across key markets in Canada. Parking Assets which involves the acquisition and management of income producing parking facilities across the United States.