Ivanhoe Electric (TSX:IE) Gross-Profit-to-Asset % : 0.22% (As of Mar. 2024)

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What is Ivanhoe Electric 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. Ivanhoe Electric's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$1.41 Mil. Ivanhoe Electric's average Total Assets over the quarter that ended in Mar. 2024 was C$638.94 Mil. Therefore, Ivanhoe Electric's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 0.22%.

Ivanhoe Electric Gross-Profit-to-Asset % Historical Data

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

Ivanhoe Electric Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

3.97

2.78

2.62

0.24

Ivanhoe Electric Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial										0.81	0.09	-0.03	0.31	0.22

Competitive Comparison of Ivanhoe Electric's Gross-Profit-to-Asset %

For the Copper subindustry, Ivanhoe Electric'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.

Ivanhoe Electric's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

Ivanhoe Electric Gross-Profit-to-Asset % Calculation

Ivanhoe Electric'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 )
	=	1.23	/	( (353.87	+	653.662)	/ 2 )
	=	1.23	/	503.766
	=	0.24 %

Ivanhoe Electric'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 )
	=	1.408	/	( (653.662	+	624.221)	/ 2 )
	=	1.408	/	638.9415
	=	0.22 %

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.

Ivanhoe Electric Gross-Profit-to-Asset % Related Terms

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Ivanhoe Electric (TSX:IE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ivanhoe Electric Inc (TSX:IE) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

IE:USA

Address

606?–?999 Canada Place, Vancouver, BC, CAN, V6C 3E1

Website

https://www.ivanhoeelectric.com

Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.