29Metals (ASX:29M) Gross-Profit-to-Asset % : 14.23% (As of Dec. 2023)

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What is 29Metals 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. 29Metals's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$139.8 Mil. 29Metals's average Total Assets over the quarter that ended in Dec. 2023 was A$982.8 Mil. Therefore, 29Metals's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 14.23%.

29Metals Gross-Profit-to-Asset % Historical Data

The historical data trend for 29Metals'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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29Metals Gross-Profit-to-Asset % Chart

29Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

17.87

14.28

2.63

29Metals Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	-	4.83	23.89	-7.04	14.23

Competitive Comparison of 29Metals's Gross-Profit-to-Asset %

For the Other Precious Metals & Mining subindustry, 29Metals'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.

29Metals's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, 29Metals's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 29Metals's Gross-Profit-to-Asset % falls into.

29Metals Gross-Profit-to-Asset % Calculation

29Metals'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 )
	=	29.861	/	( (1292.972	+	981.205)	/ 2 )
	=	29.861	/	1137.0885
	=	2.63 %

29Metals'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: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	139.828	/	( (984.305	+	981.205)	/ 2 )
	=	139.828	/	982.755
	=	14.23 %

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 two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

29Metals Gross-Profit-to-Asset % Related Terms

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29Metals (ASX:29M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000

Website

https://www.29metals.com

29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver).

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