Westgate Energy (TSXV:WGT) Gross-Profit-to-Asset % : 11.28% (As of Sep. 2024)

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What is Westgate Energy 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. Westgate Energy's annualized Gross Profit for the quarter that ended in Sep. 2024 was C$1.72 Mil. Westgate Energy's average Total Assets over the quarter that ended in Sep. 2024 was C$15.28 Mil. Therefore, Westgate Energy's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 11.28%.

Westgate Energy Gross-Profit-to-Asset % Historical Data

The historical data trend for Westgate Energy'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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Westgate Energy Gross-Profit-to-Asset % Chart

Westgate Energy Annual Data

Trend

Dec22

Gross-Profit-to-Asset %

39.94

Westgate Energy Quarterly Data
	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial			148.60	-	8.51	13.97	11.28

Competitive Comparison of Westgate Energy's Gross-Profit-to-Asset %

For the Oil & Gas Drilling subindustry, Westgate Energy'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.

Westgate Energy's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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

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Westgate Energy Gross-Profit-to-Asset % Calculation

Westgate Energy's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Westgate Energy's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	1.724	/	( (15.519	+	15.036)	/ 2 )
	=	1.724	/	15.2775
	=	11.28 %

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

Westgate Energy Gross-Profit-to-Asset % Related Terms

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Westgate Energy Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

2020 4th Street SW, Suite 420, Calgary, AB, CAN, T2S 1W3

Website

https://www.westgateenergy.ca

Westgate Energy Inc is focused on the emerging Mannville Stack fairway located in East-Central Alberta and West Central Saskatchewan, where known accumulations of medium and heavy oil are being unlocked via the application of modern drilling techniques utilizing multi-lateral horizontal drilling. The application of these modernized multi-lateral drilling techniques has yielded some of the strongest oil well economics throughout Western Canada.

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