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Asante Gold (XGHA:ASG) Gross-Profit-to-Asset % : -1.96% (As of Jul. 2024)


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What is Asante 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. Asante Gold's annualized Gross Profit for the quarter that ended in Jul. 2024 was GHS-214 Mil. Asante Gold's average Total Assets over the quarter that ended in Jul. 2024 was GHS10,899 Mil. Therefore, Asante Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Jul. 2024 was -1.96%.


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

The historical data trend for Asante 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.

Asante Gold Gross-Profit-to-Asset % Chart

Asante Gold Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - -13.36 -15.07

Asante Gold Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 -17.58 -10.10 -11.66 -1.14 -1.96

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

For the Gold subindustry, Asante 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.


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

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

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



Asante Gold Gross-Profit-to-Asset % Calculation

Asante Gold's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jan. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Jan. 2024 )/( (Total Assets (A: Jan. 2023 )+Total Assets (A: Jan. 2024 ))/ count )
=-1671.769/( (11464.238+10723.34)/ 2 )
=-1671.769/11093.789
=-15.07 %

Asante Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Jul. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=-213.784/( (11058.66+10740.307)/ 2 )
=-213.784/10899.4835
=-1.96 %

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


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

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Asante Gold Business Description

Traded in Other Exchanges
Address
800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6
Asante Gold Corp is an exploration stage company. It plans to capitalize on the gold-rich and growing mining environment by continuing to build assets through exploration, development, and acquisitions. The company is involved in the exploration and evaluation of mineral properties in Ghana, West Africa. The group portfolio consists of various projects namely Fahiakoba, Betanase, Keyhole, and Kubi and it generally explores gold deposits. The company has also acquired the Bibiani gold mine from Resolute Mining.