GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Flex LNG Ltd (NYSE:FLNG) » Definitions » Gross-Profit-to-Asset %

Flex LNG (Flex LNG) Gross-Profit-to-Asset % : 8.74% (As of Dec. 2023)


View and export this data going back to 2013. Start your Free Trial

What is Flex LNG 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. Flex LNG's annualized Gross Profit for the quarter that ended in Dec. 2023 was $239.3 Mil. Flex LNG's average Total Assets over the quarter that ended in Dec. 2023 was $2,739.1 Mil. Therefore, Flex LNG's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 8.74%.


Flex LNG Gross-Profit-to-Asset % Historical Data

The historical data trend for Flex LNG'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.

Flex LNG Gross-Profit-to-Asset % Chart

Flex LNG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.26 4.15 8.57 7.99 8.45

Flex LNG 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 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 9.51 8.57 7.19 8.41 8.74

Competitive Comparison of Flex LNG's Gross-Profit-to-Asset %

For the Oil & Gas Midstream subindustry, Flex LNG'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.


Flex LNG's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flex LNG's Gross-Profit-to-Asset % distribution charts can be found below:

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



Flex LNG Gross-Profit-to-Asset % Calculation

Flex LNG'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 )
=227.624/( (2679.512+2709.193)/ 2 )
=227.624/2694.3525
=8.45 %

Flex LNG'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 )
=239.336/( (2769.056+2709.193)/ 2 )
=239.336/2739.1245
=8.74 %

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


Flex LNG Gross-Profit-to-Asset % Related Terms

Thank you for viewing the detailed overview of Flex LNG's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.


Flex LNG (Flex LNG) Business Description

Industry
Address
14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, ten existing and three under construction for delivery. All LNG carriers are equipped with slow-speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state-of-the-art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil-off rates.

Flex LNG (Flex LNG) Headlines

From GuruFocus

Top 5 2nd Quarter Trades of Mondrian Investment Partners LTD

By GuruFocus Research GuruFocus Editor 08-10-2022

Connect Online with Major LNG and LPG Company Executives

By Marketwired Marketwired 03-26-2020

Mondrian Investment Partners LTD Buys 3, Sells 2 in 4th Quarter

By GuruFocus Research GuruFocus Editor 02-03-2023