Green Thumb Industries (XCNQ:GTII) Gross-Profit-to-Asset % : 22.78% (As of Dec. 2023)

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What is Green Thumb Industries 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. Green Thumb Industries's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$766 Mil. Green Thumb Industries's average Total Assets over the quarter that ended in Dec. 2023 was C$3,361 Mil. Therefore, Green Thumb Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 22.78%.

Green Thumb Industries Gross-Profit-to-Asset % Historical Data

The historical data trend for Green Thumb Industries'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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Green Thumb Industries Gross-Profit-to-Asset % Chart

Green Thumb Industries Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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18.33

23.77

26.27

21.53

21.25

Green Thumb Industries 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															20.47	20.32	19.73	21.55	22.78

Competitive Comparison of Green Thumb Industries's Gross-Profit-to-Asset %

For the Drug Manufacturers - Specialty & Generic subindustry, Green Thumb Industries'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.

Green Thumb Industries's Gross-Profit-to-Asset % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Green Thumb Industries's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Green Thumb Industries's Gross-Profit-to-Asset % falls into.

Green Thumb Industries Gross-Profit-to-Asset % Calculation

Green Thumb Industries'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 )
	=	706.346	/	( (3305.948	+	3340.66)	/ 2 )
	=	706.346	/	3323.304
	=	21.25 %

Green Thumb Industries'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 )
	=	765.72	/	( (3381.684	+	3340.66)	/ 2 )
	=	765.72	/	3361.172
	=	22.78 %

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.

Green Thumb Industries Gross-Profit-to-Asset % Related Terms

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Green Thumb Industries (XCNQ:GTII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Thumb Industries Inc (XCNQ:GTII) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

GTBIF:USA R9U2:Germany

Address

325 West Huron Street, Suite 700, Chicago, IL, USA, 60654

Website

https://www.gtigrows.com

Green Thumb Industries is headquartered in Chicago, Illinois, and produces and sells medicinal and recreational cannabis through wholesale and retail channels in the United States. It has a presence in 15 states and operates roughly 87 cannabis stores under the brand Rise. GTI is focusing its expansion on limited license states with large populations, and it does not currently export into the global medical market due to U.S. federal prohibition. It offers multiple products under a portfolio of cannabis consumer packaged goods brands, including &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles and RYTHM.