GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lovitt Resources Inc (TSXV:LRC.H) » Definitions » Gross-Profit-to-Asset %

Lovitt Resources (TSXV:LRC.H) Gross-Profit-to-Asset % : -1.42% (As of Mar. 2023)


View and export this data going back to 1980. Start your Free Trial

What is Lovitt 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. Lovitt Resources's annualized Gross Profit for the quarter that ended in Mar. 2023 was C$-0.02 Mil. Lovitt Resources's average Total Assets over the quarter that ended in Mar. 2023 was C$1.41 Mil. Therefore, Lovitt Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2023 was -1.42%.


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

The historical data trend for Lovitt 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.

* Premium members only.

Lovitt Resources Gross-Profit-to-Asset % Chart

Lovitt Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Mar16 Mar17 Mar18 Mar19 Jun21 Jun22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.39 -0.30 -0.28 -0.17 -0.71

Lovitt Resources Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 -0.92 -1.74 -0.90 -0.89 -1.42

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

For the Gold subindustry, Lovitt 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.


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

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

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



Lovitt Resources Gross-Profit-to-Asset % Calculation

Lovitt Resources's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Jun. 2022 )/( (Total Assets (A: Jun. 2021 )+Total Assets (A: Jun. 2022 ))/ count )
=-0.009/( (1.213+1.312)/ 2 )
=-0.009/1.2625
=-0.71 %

Lovitt Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Mar. 2023 ))/ count )
=-0.02/( (1.365+1.448)/ 2 )
=-0.02/1.4065
=-1.42 %

* 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. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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

Thank you for viewing the detailed overview of Lovitt Resources's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.


Lovitt Resources (TSXV:LRC.H) Business Description

Traded in Other Exchanges
N/A
Address
1942 167 Street, Surrey, British Columbia, BC, CAN, V3Z 9R4
Lovitt Resources Inc is engaged in the development of gold resources in North America. It holds land and mineral interests located in Wenatchee, Washington, U.S.A. The company finances its operations by selling land. The geopraphical segments include United States and Canada.

Lovitt Resources (TSXV:LRC.H) Headlines

No Headlines