Arras Minerals (TSXV:ARK) Gross-Profit-to-Asset % : -1.23% (As of Jan. 2024)

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What is Arras 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. Arras Minerals's annualized Gross Profit for the quarter that ended in Jan. 2024 was C$-0.11 Mil. Arras Minerals's average Total Assets over the quarter that ended in Jan. 2024 was C$9.11 Mil. Therefore, Arras Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Jan. 2024 was -1.23%.

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

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

Arras Minerals Annual Data

Trend

Oct21

Oct22

Oct23

Gross-Profit-to-Asset %

-0.80

-1.25

Arras Minerals Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial							-0.97	-0.87	-1.05	-1.26	-1.23

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

For the Other Precious Metals & Mining subindustry, Arras 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.

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

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

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

Arras Minerals Gross-Profit-to-Asset % Calculation

Arras Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Oct. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Oct. 2023 )	/	( (Total Assets (A: Oct. 2022 )	+	Total Assets (A: Oct. 2023 ))	/ count )
	=	-0.112	/	( (9.105	+	8.803)	/ 2 )
	=	-0.112	/	8.954
	=	-1.25 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Jan. 2024 )	/	( (Total Assets (Q: Oct. 2023 )	+	Total Assets (Q: Jan. 2024 ))	/ count )
	=	-0.112	/	( (8.803	+	9.423)	/ 2 )
	=	-0.112	/	9.113
	=	-1.23 %

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

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

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Arras Minerals (TSXV:ARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arras Minerals Corp (TSXV:ARK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

ARRKF:USA

Address

777 Dunsmuir Street, Suite 1605, PO Box 10414, Vancouver, BC, CAN, V7Y 1K4

Website

https://www.arrasminerals.com

Arras Minerals Corp is engaged in the acquisition, exploration, and development of mineral property interests. The company's assets consist of the option to acquire a 100% interest in the Beskauga property (Beskauga) in Kazakhstan. It engages in advancing a portfolio of copper and gold assets in northeastern Kazakhstan, including the Option Agreement on the Beskauga copper and gold project.

Executives

Darren Ervin Charles Klinck

Senior Officer

Arras Minerals (TSXV:ARK) Headlines

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