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Argo Gold (XCNQ:ARQ) Gross-Profit-to-Asset % : 54.32% (As of Sep. 2024)


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What is Argo 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. Argo Gold's annualized Gross Profit for the quarter that ended in Sep. 2024 was C$1.67 Mil. Argo Gold's average Total Assets over the quarter that ended in Sep. 2024 was C$3.08 Mil. Therefore, Argo Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 54.32%.


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

The historical data trend for Argo 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.

* Premium members only.

Argo Gold Gross-Profit-to-Asset % Chart

Argo Gold 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 -0.32 -0.04 -0.06 -0.19 34.29

Argo Gold Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 24.40 68.23 40.47 63.86 54.32

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

For the Gold subindustry, Argo 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.


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

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

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



Argo Gold Gross-Profit-to-Asset % Calculation

Argo Gold'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 )
=0.663/( (1.092+2.775)/ 2 )
=0.663/1.9335
=34.29 %

Argo Gold'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 )
=1.672/( (2.95+3.206)/ 2 )
=1.672/3.078
=54.32 %

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


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

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Argo Gold Business Description

Traded in Other Exchanges
Address
25 Adelaide Street, East, Suit 1400, Toronto, ON, CAN, M5C 3A1
Argo Gold Inc is engaged in the acquisition, exploration, and development of mineral properties, and the production, exploration, and development of resource properties in Western Canada. Its projects include Oil Production in Alberta includes Oil & Gas Production, Current Oil and Gas Projects, Oil & Gas Reserves, and Oil & Gas in Alberta Backgrounder; the Uchi Gold Project includes Woco, Zone in the Uchi Gold Project, Raingold Zone at Uchi Lake Gold Project, Northgate Zone - Uchi Gold Project; NW Ontario Gold Projects include Talbot Lake Gold Project (Au), and Angela Lake Gold Project (Au).
Executives
Judith Catharine Baker Director
James Bell Senior Officer
Zubin Sethna Senior Officer
Reinhard Schu Director
Kenney James Storey Senior Officer
George Peter Mah Director, Senior Officer