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Velocity Minerals (TSXV:VLC) Gross-Profit-to-Asset % : -0.18% (As of Dec. 2024)


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What is Velocity 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. Velocity Minerals's annualized Gross Profit for the quarter that ended in Dec. 2024 was C$-0.05 Mil. Velocity Minerals's average Total Assets over the quarter that ended in Dec. 2024 was C$28.36 Mil. Therefore, Velocity Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2024 was -0.18%.


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

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

Velocity Minerals Annual Data
Trend Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - -0.04 -0.15 -0.20 -0.05

Velocity Minerals Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.15 -0.03 - -0.01 -0.18

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

For the Gold subindustry, Velocity 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.


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

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

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


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Velocity Minerals Gross-Profit-to-Asset % Calculation

Velocity Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=-0.016/( (29.863+28.365)/ 2 )
=-0.016/29.114
=-0.05 %

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

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=-0.052/( (28.345+28.365)/ 2 )
=-0.052/28.355
=-0.18 %

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


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

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Velocity Minerals Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2
Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.
Executives
Robert Charles Kopple 10 percent owner
Stuart Mills Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Keith J. Henderson Director, Senior Officer
Daniel Marinov Director, Senior Officer
Mark Cruise Director
Joyce Musial Senior Officer

Velocity Minerals Headlines

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