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Tourmaline Oil (Tourmaline Oil) Gross-Profit-to-Asset % : 19.97% (As of Mar. 2024)


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What is Tourmaline Oil 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. Tourmaline Oil's annualized Gross Profit for the quarter that ended in Mar. 2024 was $2,973 Mil. Tourmaline Oil's average Total Assets over the quarter that ended in Mar. 2024 was $14,887 Mil. Therefore, Tourmaline Oil's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 19.97%.


Tourmaline Oil Gross-Profit-to-Asset % Historical Data

The historical data trend for Tourmaline Oil'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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Tourmaline Oil Gross-Profit-to-Asset % Chart

Tourmaline Oil 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 10.76 7.54 27.35 36.07 22.04

Tourmaline Oil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 30.42 18.86 22.01 22.19 19.97

Competitive Comparison of Tourmaline Oil's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Tourmaline Oil'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.


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

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

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



Tourmaline Oil Gross-Profit-to-Asset % Calculation

Tourmaline Oil'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 )
=3183.043/( (13907.281+14980.154)/ 2 )
=3183.043/14443.7175
=22.04 %

Tourmaline Oil's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=2973.096/( (14980.154+14793.319)/ 2 )
=2973.096/14886.7365
=19.97 %

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


Tourmaline Oil Gross-Profit-to-Asset % Related Terms

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Tourmaline Oil (Tourmaline Oil) Business Description

Traded in Other Exchanges
Address
250 - 6th Avenue S.W., Suite 2900, Calgary, AB, CAN, T2P 3H7
Tourmaline Oil Corp is a Canadian energy company engaged in natural gas and crude oil acquisition, exploration, development, and production in the Western Canada Sedimentary Basin. It includes the Alberta Deep Basin, the Northeast British Columbia Montney, and the Peace River Triassic Oil complex.

Tourmaline Oil (Tourmaline Oil) Headlines

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