Sarama Resources (Sarama Resources) Gross-Profit-to-Asset % : -0.17% (As of Mar. 2024)

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What is Sarama 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. Sarama Resources's annualized Gross Profit for the quarter that ended in Mar. 2024 was $-0.00 Mil. Sarama Resources's average Total Assets over the quarter that ended in Mar. 2024 was $2.31 Mil. Therefore, Sarama Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was -0.17%.

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

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

Sarama Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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-0.06

-0.05

-0.06

-0.13

-0.18

Sarama Resources 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															-0.15	-0.15	-0.14	-0.16	-0.17

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

For the Gold subindustry, Sarama 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.

Sarama Resources's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sarama Resources's Gross-Profit-to-Asset % distribution charts can be found below:

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

Sarama Resources Gross-Profit-to-Asset % Calculation

Sarama Resources'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 )
	=	-0.005	/	( (3.053	+	2.462)	/ 2 )
	=	-0.005	/	2.7575
	=	-0.18 %

Sarama Resources'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 )
	=	-0.004	/	( (2.462	+	2.162)	/ 2 )
	=	-0.004	/	2.312
	=	-0.17 %

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.

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

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Sarama Resources (Sarama Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sarama Resources Ltd (OTCPK:SRMMF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

SWA:Canada SRR:Australia

Address

245 Churchill Avenue, Suit 8, Subiaco, Perth, WA, AUS, 6008

Website

https://www.saramaresources.com

Sarama Resources Ltd is an exploration and development stage company with gold projects in Burkina Faso, West Africa. The company's key project is the 100%-owned Sanutura Project which hosts a multi-million-ounce mineral resource. It has additional exposure to exploration success through its 100% interest in the nearby Koumandara Project where early-stage exploration has defined several corridors of gold anomalism that extend up to 40km in length. It has one business segment, being the acquisition, exploration and potential development of mineral properties.