NewOrigin Gold (TSXV:NEWO) Gross-Profit-to-Asset % : -4.82% (As of Dec. 2023)

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What is NewOrigin Gold 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. NewOrigin Gold's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$-0.00 Mil. NewOrigin Gold's average Total Assets over the quarter that ended in Dec. 2023 was C$0.08 Mil. Therefore, NewOrigin Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was -4.82%.

NewOrigin Gold Gross-Profit-to-Asset % Historical Data

The historical data trend for NewOrigin Gold'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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NewOrigin Gold Gross-Profit-to-Asset % Chart

NewOrigin Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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-0.04

-0.08

-0.32

-0.28

-1.85

NewOrigin Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															-2.83	-3.23	-7.21	-6.15	-4.82

Competitive Comparison of NewOrigin Gold's Gross-Profit-to-Asset %

For the Gold subindustry, NewOrigin Gold'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.

NewOrigin Gold's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

NewOrigin Gold Gross-Profit-to-Asset % Calculation

NewOrigin Gold's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	-0.003	/	( (0.252	+	0.073)	/ 2 )
	=	-0.003	/	0.1625
	=	-1.85 %

NewOrigin Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	-0.004	/	( (0.057	+	0.109)	/ 2 )
	=	-0.004	/	0.083
	=	-4.82 %

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

NewOrigin Gold Gross-Profit-to-Asset % Related Terms

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NewOrigin Gold (TSXV:NEWO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » NewOrigin Gold Corp (TSXV:NEWO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

TROIF:USA

Address

110 Yonge Street, Dennis Peterson, Suite 1601, Toronto, ON, CAN, M5C 1T4

Website

https://www.neworigingold.com

NewOrigin Gold Corp's strategy is to stake or acquire early-stage, under-explored precious metals properties in prospective mining camps. The company aims to create shareholder value by leveraging management's broad experience to make new economic gold discoveries on the under-explored properties. It is focused on exploring its flagship Sky Lake Project in the past producing Pickle Lake Mining Camp in northwestern, Ontario. The company's project portfolio includes the North Abitibi Project, South Abitibi Project, the Nipissing Cobalt Property, the Kinebik Gold Project.

Executives

Andrew Thomson	Senior Officer
O3 Mining Inc.	10% Security Holder

NewOrigin Gold (TSXV:NEWO) Headlines

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