Propel Holdings (TSX:PRL) Gross-Profit-to-Asset % : 101.22% (As of Mar. 2024)

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What is Propel Holdings 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. Propel Holdings's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$480.3 Mil. Propel Holdings's average Total Assets over the quarter that ended in Mar. 2024 was C$474.6 Mil. Therefore, Propel Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 101.22%.

Propel Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for Propel Holdings'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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Propel Holdings Gross-Profit-to-Asset % Chart

Propel Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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151.96

104.93

107.72

108.95

97.29

Propel Holdings Quarterly Data
	Dec18	Dec19	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													93.77	96.79	105.43	110.37	101.22

Competitive Comparison of Propel Holdings's Gross-Profit-to-Asset %

For the Credit Services subindustry, Propel Holdings'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.

Propel Holdings's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Propel Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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

Propel Holdings Gross-Profit-to-Asset % Calculation

Propel Holdings'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 )
	=	394.288	/	( (348.701	+	461.863)	/ 2 )
	=	394.288	/	405.282
	=	97.29 %

Propel Holdings'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 )
	=	480.344	/	( (461.863	+	487.284)	/ 2 )
	=	480.344	/	474.5735
	=	101.22 %

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.

Propel Holdings Gross-Profit-to-Asset % Related Terms

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Propel Holdings (TSX:PRL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Propel Holdings Inc (TSX:PRL) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

PRLPF:USA 8KO:Germany

Address

69 Yonge Street, Suite 1500, Toronto, ON, CAN, M5E 1K3

Website

https://www.propelholdings.com

Propel Holdings Inc is an innovative financial technology (fintech) company, committed to credit inclusion by facilitating fair, fast, and transparent access to credit through its proprietary, industry-leading online lending platform. Propel, through its operating brands, is dedicated to bringing appropriate credit solutions to consumers in Canada and the United States. All the firm's operations are conducted through its consumer-facing brands: MoneyKey, CreditFresh, and Fora.

Executives

Sheldon Saidakovsky	Senior Officer
Michael Stein	Director
Noah Buchman	Senior Officer
Cindy Usprech	Senior Officer

Propel Holdings (TSX:PRL) Headlines

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