New Found Gold (TSXV:NFG) Gross-Profit-to-Asset % : -1.05% (As of Mar. 2024)

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What is New Found 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. New Found Gold's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$-0.86 Mil. New Found Gold's average Total Assets over the quarter that ended in Mar. 2024 was C$81.81 Mil. Therefore, New Found Gold's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was -1.05%.

New Found Gold Gross-Profit-to-Asset % Historical Data

The historical data trend for New Found 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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New Found Gold Gross-Profit-to-Asset % Chart

New Found Gold Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

-0.13

-0.31

-0.53

-0.68

-0.96

New Found Gold 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															-1.02	-1.20	-1.39	-1.25	-1.05

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

For the Gold subindustry, New Found 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.

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

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

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

New Found Gold Gross-Profit-to-Asset % Calculation

New Found 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 )
	=	-0.94	/	( (110.688	+	84.579)	/ 2 )
	=	-0.94	/	97.6335
	=	-0.96 %

New Found Gold'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 )
	=	-0.86	/	( (84.579	+	79.033)	/ 2 )
	=	-0.86	/	81.806
	=	-1.05 %

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.

New Found Gold Gross-Profit-to-Asset % Related Terms

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New Found Gold (TSXV:NFG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » New Found Gold Corp (TSXV:NFG) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

NFGC:USA 5QG:Germany

Address

1600 - 595 Burrard Street, Vancouver, BC, CAN, V6C 2V6

Website

https://www.newfoundgold.ca

New Found Gold Corp is a mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in the Provinces of Newfoundland and Labrador and Ontario, Canada. The Company's exploration is focused on discovering and delineating gold resources. The Company has one material property: the Queensway Project located in Newfoundland, Canada (the Queensway Project).

Executives