Steppe Gold (TSX:STGO) Gross-Profit-to-Asset % : 30.56% (As of Dec. 2023)

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What is Steppe Gold 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. Steppe Gold's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$38.96 Mil. Steppe Gold's average Total Assets over the quarter that ended in Dec. 2023 was C$127.48 Mil. Therefore, Steppe Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 30.56%.

Steppe Gold Gross-Profit-to-Asset % Historical Data

The historical data trend for Steppe Gold'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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Steppe Gold Gross-Profit-to-Asset % Chart

Steppe Gold Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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49.01

8.32

29.28

34.22

Steppe Gold 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															37.89	31.22	39.37	36.28	30.56

Competitive Comparison of Steppe Gold's Gross-Profit-to-Asset %

For the Gold subindustry, Steppe Gold'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.

Steppe Gold's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

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

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

Steppe Gold Gross-Profit-to-Asset % Calculation

Steppe Gold'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 )
	=	39.451	/	( (98.706	+	131.867)	/ 2 )
	=	39.451	/	115.2865
	=	34.22 %

Steppe Gold'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 )
	=	38.96	/	( (123.098	+	131.867)	/ 2 )
	=	38.96	/	127.4825
	=	30.56 %

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.

Steppe Gold Gross-Profit-to-Asset % Related Terms

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Steppe Gold (TSX:STGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Steppe Gold Ltd (TSX:STGO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

STPGF:USA 2J9:Germany

Address

Shangri-La office, Olympic street 19A, Suite 1201, Sukhbaatar District 1, Ulaanbaatar, MNG, 14241

Website

https://www.steppegold.com

Steppe Gold Ltd is a precious metals exploration and development company focused on opportunities in Mongolia. The company's commercially producing mine is the Altan Tsagaan Ovoo Property (the "ATO Project" or "ATO Mine"), located in Eastern Mongolia. The Company generates revenue from the sale of gold and silver , also majority of the company's revenue is derived from the sale of gold in Mongolia at spot rate.

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