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Globex Mining Enterprises (TSX:GMX) Gross-Profit-to-Asset % : 40.09% (As of Dec. 2023)


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What is Globex Mining Enterprises 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. Globex Mining Enterprises's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$12.24 Mil. Globex Mining Enterprises's average Total Assets over the quarter that ended in Dec. 2023 was C$30.53 Mil. Therefore, Globex Mining Enterprises's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 40.09%.


Globex Mining Enterprises Gross-Profit-to-Asset % Historical Data

The historical data trend for Globex Mining Enterprises'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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Globex Mining Enterprises Gross-Profit-to-Asset % Chart

Globex Mining Enterprises 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 38.82 82.60 142.23 5.58 12.70

Globex Mining Enterprises 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 3.85 1.29 4.18 7.48 40.09

Competitive Comparison of Globex Mining Enterprises's Gross-Profit-to-Asset %

For the Other Industrial Metals & Mining subindustry, Globex Mining Enterprises'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.


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

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

* The bar in red indicates where Globex Mining Enterprises's Gross-Profit-to-Asset % falls into.



Globex Mining Enterprises Gross-Profit-to-Asset % Calculation

Globex Mining Enterprises'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 )
=4.044/( (31.255+32.424)/ 2 )
=4.044/31.8395
=12.70 %

Globex Mining Enterprises'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 )
=12.24/( (28.636+32.424)/ 2 )
=12.24/30.53
=40.09 %

* 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.


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Globex Mining Enterprises (TSX:GMX) Business Description

Traded in Other Exchanges
Address
89 Belsize Drive, Toronto, ON, CAN, M4S 1L3
Globex Mining Enterprises Inc is a Canada-based exploration company. The company is engaged in the acquisition, development, and exploration of mineral properties in North America. The company's mineral portfolio consists of early to mid-stage exploration, development and royalty properties which contain Base Metals, Specialty Metals and Minerals and Industrial Minerals.
Executives
Chris Bryan Director

Globex Mining Enterprises (TSX:GMX) Headlines

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