Norsemont Mining (XCNQ:NOM) Gross-Profit-to-Asset % : -0.13% (As of Sep. 2023)

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What is Norsemont 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. Norsemont Mining's annualized Gross Profit for the quarter that ended in Sep. 2023 was C$-0.04 Mil. Norsemont Mining's average Total Assets over the quarter that ended in Sep. 2023 was C$27.56 Mil. Therefore, Norsemont Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was -0.13%.

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

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

Norsemont Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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-0.01

-0.08

-0.13

Norsemont Mining Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															-0.13	-0.13	-0.13	-0.13	-0.13

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

For the Gold subindustry, Norsemont 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.

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

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

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

Norsemont Mining Gross-Profit-to-Asset % Calculation

Norsemont Mining'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: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	-0.037	/	( (30.32	+	27.629)	/ 2 )
	=	-0.037	/	28.9745
	=	-0.13 %

Norsemont Mining's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	-0.036	/	( (27.566	+	27.547)	/ 2 )
	=	-0.036	/	27.5565
	=	-0.13 %

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. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

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

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Norsemont Mining (XCNQ:NOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Norsemont Mining Inc (XCNQ:NOM) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NRRSF:USA LXZ1:Germany

Address

700 West Pender Street, Suite 610, Vancouver, BC, CAN, V6C 1G8

Website

https://www.norsemont.com

Norsemont Mining Inc. comprises experienced natural resource professionals focused on growing shareholder value and fast-tracking its flagship project through to bankable feasibility. Norsemont owns a 100-per-cent interest in the Choquelimpie gold-silver project in northern Chile. The company's mining properties are located in Canada (Burge Lake Project) and Chile (Choquelimpie). Choquelimpie has over 1,700 drill holes, with substantial existing infrastructure. Other reportable segments consist of the Burge Lake Project.