Heritage Mining (XCNQ:HML) Gross-Profit-to-Asset % : -20.96% (As of Mar. 2024)

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What is Heritage Mining 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. Heritage Mining's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$-0.10 Mil. Heritage Mining's average Total Assets over the quarter that ended in Mar. 2024 was C$0.46 Mil. Therefore, Heritage Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was -20.96%.

Heritage Mining Gross-Profit-to-Asset % Historical Data

The historical data trend for Heritage Mining'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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Heritage Mining Gross-Profit-to-Asset % Chart

Heritage Mining Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

-5.22

Heritage Mining Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial							-	-2.19	-6.52	-12.49	-20.96

Competitive Comparison of Heritage Mining's Gross-Profit-to-Asset %

For the Other Precious Metals & Mining subindustry, Heritage Mining'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.

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

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

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

Heritage Mining Gross-Profit-to-Asset % Calculation

Heritage Mining'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 )
	=	-0.057	/	( (1.646	+	0.536)	/ 2 )
	=	-0.057	/	1.091
	=	-5.22 %

Heritage Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Mar. 2024 )	/	( (Total Assets (Q: Dec. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	-0.096	/	( (0.536	+	0.38)	/ 2 )
	=	-0.096	/	0.458
	=	-20.96 %

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

Heritage Mining Gross-Profit-to-Asset % Related Terms

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Heritage Mining (XCNQ:HML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Heritage Mining Ltd (XCNQ:HML) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Hastings Street, Suite 1700, Vancouver, BC, CAN, V6E 2E9

Website

Heritage Mining Ltd is engaged in the business of exploration for gold and other metals across Canada. The company's principal objectives are to explore and develop the Drayton - Black Lake Property and to identify other properties worthy of investment and exploration. The Drayton - Black Lake Project consists of 720 mining claims located in the Patricia Mining Division totaling approximately 14,921.18 hectares.

Executives

Peter Schloo

Director, Senior Officer

Heritage Mining (XCNQ:HML) Headlines

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