Touchstone Exploration (Touchstone Exploration) Gross-Profit-to-Asset % : 39.48% (As of Dec. 2023)

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What is Touchstone Exploration 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. Touchstone Exploration's annualized Gross Profit for the quarter that ended in Dec. 2023 was $57.84 Mil. Touchstone Exploration's average Total Assets over the quarter that ended in Dec. 2023 was $146.50 Mil. Therefore, Touchstone Exploration's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 39.48%.

Touchstone Exploration Gross-Profit-to-Asset % Historical Data

The historical data trend for Touchstone Exploration'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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Touchstone Exploration Gross-Profit-to-Asset % Chart

Touchstone Exploration Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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26.44

11.31

13.69

16.51

20.90

Touchstone Exploration 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															15.50	12.44	10.67	18.03	39.48

Competitive Comparison of Touchstone Exploration's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Touchstone Exploration'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.

Touchstone Exploration's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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

Touchstone Exploration Gross-Profit-to-Asset % Calculation

Touchstone Exploration'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 )
	=	29.98	/	( (147.877	+	138.948)	/ 2 )
	=	29.98	/	143.4125
	=	20.90 %

Touchstone Exploration'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 )
	=	57.836	/	( (154.048	+	138.948)	/ 2 )
	=	57.836	/	146.498
	=	39.48 %

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.

Touchstone Exploration Gross-Profit-to-Asset % Related Terms

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Touchstone Exploration (Touchstone Exploration) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Touchstone Exploration Inc (OTCPK:PBEGF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

TXP:UK PNW1:Germany TXP:Canada

Address

350 - 7th Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 3N9

Website

https://www.touchstoneexploration.com

Touchstone Exploration Inc is an international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is primarily engaged in the exploration and the acquisition, development, and production of hydrocarbons in onshore reservoirs in Trinidad. The company holds interests in producing and exploration properties in southern Trinidad, which is approximately 90,000 gross acres of exploration and development rights. Its core focus is on developing production on its four onshore lease operatorship properties (Coora Block 1 & 2, WD-4 & WD-8) and its Fyzabad onshore property.