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Drone Delivery Canada (TSXV:FLT) Gross-Profit-to-Asset % : 3.36% (As of Mar. 2024)


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What is Drone Delivery Canada 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. Drone Delivery Canada's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$0.32 Mil. Drone Delivery Canada's average Total Assets over the quarter that ended in Mar. 2024 was C$9.53 Mil. Therefore, Drone Delivery Canada's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 3.36%.

Drone Delivery Canada Gross-Profit-to-Asset % Historical Data

The historical data trend for Drone Delivery Canada'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.

* Premium members only.

Drone Delivery Canada Gross-Profit-to-Asset % Chart

Drone Delivery Canada Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.48 -0.04 2.28 3.76

Drone Delivery Canada 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 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 8.90 2.03 4.96 -3.47 3.36

Competitive Comparison of Drone Delivery Canada's Gross-Profit-to-Asset %

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Gross-Profit-to-Asset % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Drone Delivery Canada's Gross-Profit-to-Asset % falls into.


Drone Delivery Canada Gross-Profit-to-Asset % Calculation

Drone Delivery Canada'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 )
=0.565/( (19.748+10.334)/ 2 )
=0.565/15.041
=3.76 %

Drone Delivery Canada'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 )
=0.32/( (10.334+8.733)/ 2 )
=0.32/9.5335
=3.36 %

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

Drone Delivery Canada Gross-Profit-to-Asset % Related Terms

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Drone Delivery Canada (TSXV:FLT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Gross-Profit-to-Asset %
Comparable Companies
XCNQ:VRAR XCNQ:RDRS XCNQ:UAV ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 HKSE:00992 NTAP STX WDC SMCI XSWX:LOGN PSTG TPE:2395 TPE:6669 TPE:3231
Traded in Other Exchanges
TAKOF:USA ABBA:Germany
Address
6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8
Website
https://www.dronedeliverycanada.com
Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.
Executives
Michael Della Fortuna Director

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