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Tenth Avenue Petroleum (TSXV:TPC) Gross-Profit-to-Asset % : -0.84% (As of Jun. 2024)


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What is Tenth Avenue Petroleum 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. Tenth Avenue Petroleum's annualized Gross Profit for the quarter that ended in Jun. 2024 was C$-0.05 Mil. Tenth Avenue Petroleum's average Total Assets over the quarter that ended in Jun. 2024 was C$5.74 Mil. Therefore, Tenth Avenue Petroleum's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 was -0.84%.


Tenth Avenue Petroleum Gross-Profit-to-Asset % Historical Data

The historical data trend for Tenth Avenue Petroleum'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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Tenth Avenue Petroleum Gross-Profit-to-Asset % Chart

Tenth Avenue Petroleum 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 12.91 10.03 4.35 9.58 -2.66

Tenth Avenue Petroleum Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -6.63 3.26 -4.74 -0.49 -0.84

Competitive Comparison of Tenth Avenue Petroleum's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Tenth Avenue Petroleum'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.


Tenth Avenue Petroleum's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Tenth Avenue Petroleum's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Tenth Avenue Petroleum's Gross-Profit-to-Asset % falls into.



Tenth Avenue Petroleum Gross-Profit-to-Asset % Calculation

Tenth Avenue Petroleum'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 )
=-0.173/( (7.068+5.917)/ 2 )
=-0.173/6.4925
=-2.66 %

Tenth Avenue Petroleum's annualized Gross-Profit-to-Asset % for the quarter that ended in Jun. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=-0.048/( (5.522+5.96)/ 2 )
=-0.048/5.741
=-0.84 %

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


Tenth Avenue Petroleum Gross-Profit-to-Asset % Related Terms

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Tenth Avenue Petroleum Business Description

Traded in Other Exchanges
N/A
Address
188 - 15th Avenue SW, Suite 2003, Calgary, AB, CAN, T2R 1S4
Tenth Avenue Petroleum Corp is a junior oil and gas exploration, production and development company. It explores and develops petroleum and natural gas properties in Western Canada. The company generates its revenue from the sale of oil, natural gas and NGLs. Its property comprises oil and natural gas assets and water-well assets.
Executives
Fern Macdonald 10% Security Holder
Brian Prokop Director
Cameron Macdonald Director, Senior Officer
Scott Michael Reeves Director, Senior Officer