POSaBIT Systems (POSaBIT Systems) Gross-Profit-to-Asset % : 52.92% (As of Sep. 2023)

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What is POSaBIT Systems 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. POSaBIT Systems's annualized Gross Profit for the quarter that ended in Sep. 2023 was $12.74 Mil. POSaBIT Systems's average Total Assets over the quarter that ended in Sep. 2023 was $24.08 Mil. Therefore, POSaBIT Systems's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 52.92%.

POSaBIT Systems Gross-Profit-to-Asset % Historical Data

The historical data trend for POSaBIT Systems'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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POSaBIT Systems Gross-Profit-to-Asset % Chart

POSaBIT Systems Annual Data

Trend

Oct17

Oct18

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

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27.58

60.79

96.88

174.25

POSaBIT Systems Quarterly Data
	Oct18	Jan19	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															106.01	423.77	45.60	43.02	52.92

Competitive Comparison of POSaBIT Systems's Gross-Profit-to-Asset %

For the Information Technology Services subindustry, POSaBIT Systems'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.

POSaBIT Systems's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, POSaBIT Systems's Gross-Profit-to-Asset % distribution charts can be found below:

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

POSaBIT Systems Gross-Profit-to-Asset % Calculation

POSaBIT Systems'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 )
	=	22.566	/	( (7.904	+	17.997)	/ 2 )
	=	22.566	/	12.9505
	=	174.25 %

POSaBIT Systems'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 )
	=	12.744	/	( (27.786	+	20.38)	/ 2 )
	=	12.744	/	24.083
	=	52.92 %

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.

POSaBIT Systems Gross-Profit-to-Asset % Related Terms

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POSaBIT Systems (POSaBIT Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » POSaBIT Systems Corp (OTCPK:POSAF) » Definitions » Gross-Profit-to-Asset %

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PBIT:Canada

Address

11915 124th Ave NE, Kirkland, WA, USA, 98034

Website

https://www.posabit.com

POSaBIT Systems Corp is a financial technology company. The company involves the point-of-sale arrangements designed to offer consumers an easy way to purchase goods and services. The company offers Payment Services and Point-of-Sale (POS) Services. The majority of its revenue comes from Payment Services, which generates revenues via setup costs, hardware costs, transaction fees, and convenience fees. Its geographical segments are Canada and the United States, of which all of its revenues come from the United States.