Comet Industries (TSXV:CMU) Gross-Profit-to-Asset % : 0.74% (As of Oct. 2023)

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What is Comet Industries 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. Comet Industries's annualized Gross Profit for the quarter that ended in Oct. 2023 was C$0.05 Mil. Comet Industries's average Total Assets over the quarter that ended in Oct. 2023 was C$7.06 Mil. Therefore, Comet Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Oct. 2023 was 0.74%.

Comet Industries Gross-Profit-to-Asset % Historical Data

The historical data trend for Comet Industries'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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Comet Industries Gross-Profit-to-Asset % Chart

Comet Industries Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Gross-Profit-to-Asset %

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20.87

18.49

8.70

10.18

18.03

Comet Industries Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															15.70	19.86	18.50	13.89	0.74

Competitive Comparison of Comet Industries's Gross-Profit-to-Asset %

For the Real Estate Services subindustry, Comet Industries'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.

Comet Industries's Gross-Profit-to-Asset % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Comet Industries's Gross-Profit-to-Asset % distribution charts can be found below:

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

Comet Industries Gross-Profit-to-Asset % Calculation

Comet Industries's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jan. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jan. 2023 )	/	( (Total Assets (A: Jan. 2022 )	+	Total Assets (A: Jan. 2023 ))	/ count )
	=	0.465	/	( (2.652	+	2.505)	/ 2 )
	=	0.465	/	2.5785
	=	18.03 %

Comet Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Oct. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	0.052	/	( (2.585	+	11.531)	/ 2 )
	=	0.052	/	7.058
	=	0.74 %

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 (Oct. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Comet Industries Gross-Profit-to-Asset % Related Terms

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Comet Industries (TSXV:CMU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Comet Industries Ltd (TSXV:CMU) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1177 West Hastings Street, Suite 1610, Vancouver, BC, CAN, V6E 2K3

Website

Comet Industries Ltd is an exploration-stage company. Principally, it is engaged in the business of acquiring and holding mineral properties, and holding and managing real properties, in British Columbia. The company owns unimproved land in Kamloops, Terrace, Pender Harbor and a rental property in Vancouver, British Columbia on a freehold basis. Its segment includes Rental, Exploration, and General or administration. The company generates maximum revenue from the Rental segment. It owns an interest in the big onion zone on the iron mask property, which consists of approximately five crown granted mineral claims.