PrairieSky Royalty (TSX:PSK) Gross-Profit-to-Asset % : 9.88% (As of Mar. 2024)

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What is PrairieSky Royalty 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. PrairieSky Royalty's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$327.2 Mil. PrairieSky Royalty's average Total Assets over the quarter that ended in Mar. 2024 was C$3,312.0 Mil. Therefore, PrairieSky Royalty's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 9.88%.

PrairieSky Royalty Gross-Profit-to-Asset % Historical Data

The historical data trend for PrairieSky Royalty'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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PrairieSky Royalty Gross-Profit-to-Asset % Chart

PrairieSky Royalty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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5.08

2.42

6.62

14.18

10.87

PrairieSky Royalty 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															10.57	9.73	11.38	11.76	9.88

Competitive Comparison of PrairieSky Royalty's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, PrairieSky Royalty'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.

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

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

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

PrairieSky Royalty Gross-Profit-to-Asset % Calculation

PrairieSky Royalty'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 )
	=	365.5	/	( (3415.4	+	3307.7)	/ 2 )
	=	365.5	/	3361.55
	=	10.87 %

PrairieSky Royalty'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 )
	=	327.2	/	( (3307.7	+	3316.2)	/ 2 )
	=	327.2	/	3311.95
	=	9.88 %

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.

PrairieSky Royalty Gross-Profit-to-Asset % Related Terms

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PrairieSky Royalty (TSX:PSK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PrairieSky Royalty Ltd (TSX:PSK) » Definitions » Gross-Profit-to-Asset %

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PREKF:USA 7PS:Germany

Address

350 - 7th Avenue S.W., Suite 1700, Calgary, AB, CAN, T2P 3N9

Website

https://www.prairiesky.com

PrairieSky Royalty Ltd is the owner of subsurface mineral rights on a variety of royalty properties in western Canada. The company encourages third parties to develop these properties, while also seeking additional petroleum and natural gas royalty assets. Once PrairieSky has given a third party the right to explore, develop, or produce on its properties, the company collects royalty revenue from the development of petroleum and natural gas. Property arrangements can be contracted as lease issuances, farmouts, drilling commitments, or seismic option agreements.

Executives

Leanne M. Bellegarde

Director