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Fortune Minerals (TSX:FT) Gross-Profit-to-Asset % : -1.81% (As of Dec. 2024)


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What is Fortune Minerals 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. Fortune Minerals's annualized Gross Profit for the quarter that ended in Dec. 2024 was C$-0.07 Mil. Fortune Minerals's average Total Assets over the quarter that ended in Dec. 2024 was C$3.97 Mil. Therefore, Fortune Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was -1.81%.

Fortune Minerals Gross-Profit-to-Asset % Historical Data

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

Fortune Minerals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.03 -0.15 -4.36 -5.69 -2.10

Fortune Minerals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.28 -4.70 -3.64 -2.48 -1.81

Competitive Comparison of Fortune Minerals's Gross-Profit-to-Asset %

For the Other Industrial Metals & Mining subindustry, Fortune Minerals'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.

Fortune Minerals's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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


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Fortune Minerals Gross-Profit-to-Asset % Calculation

Fortune Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=-0.067/( (1.561+4.815)/ 2 )
=-0.067/3.188
=-2.10 %

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

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-0.072/( (3.124+4.815)/ 2 )
=-0.072/3.9695
=-1.81 %

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

Fortune Minerals Gross-Profit-to-Asset % Related Terms

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Fortune Minerals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Minerals Ltd (TSX:FT) » Definitions » Gross-Profit-to-Asset %
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Traded in Other Exchanges
FTMDF:USA 0UWG:UK FMP:Germany
Address
617 Wellington Street, London, ON, CAN, N6A 3R6
Website
https://www.fortuneminerals.com
Fortune Minerals Ltd is a Canadian mining and mine development company focused in the exploration and development of specialty metals, base metals, and precious metals in the Northwest Territories with a Refinery contemplated to be built in western Canada.
Executives
Patricia-lynn Penney Senior Officer
Mahendra Naik Director
Robin Ellis Goad Director, Senior Officer
Yazmarr David Ramsay Director
John Wallace Mcvey Director
Carl Lester Clouter Director