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Veritas Farms (Veritas Farms) Gross-Profit-to-Asset % : 3.08% (As of Sep. 2023)


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What is Veritas Farms 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. Veritas Farms's annualized Gross Profit for the quarter that ended in Sep. 2023 was $0.21 Mil. Veritas Farms's average Total Assets over the quarter that ended in Sep. 2023 was $6.89 Mil. Therefore, Veritas Farms's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 3.08%.


Veritas Farms Gross-Profit-to-Asset % Historical Data

The historical data trend for Veritas Farms'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.

* Premium members only.

Veritas Farms Gross-Profit-to-Asset % Chart

Veritas Farms Annual Data
Trend Jan16 Jan17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial 24.93 32.60 22.22 -11.44 -17.97

Veritas Farms Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -12.78 -61.86 2.98 -26.22 3.08

Competitive Comparison of Veritas Farms's Gross-Profit-to-Asset %

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.


Veritas Farms's Gross-Profit-to-Asset % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Veritas Farms's Gross-Profit-to-Asset % distribution charts can be found below:

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



Veritas Farms Gross-Profit-to-Asset % Calculation

Veritas Farms's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=-1.383/( (8.598+6.794)/ 2 )
=-1.383/7.696
=-17.97 %

Veritas Farms's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=0.212/( (5.462+8.319)/ 2 )
=0.212/6.8905
=3.08 %

* 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.

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


Veritas Farms Gross-Profit-to-Asset % Related Terms

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Veritas Farms (Veritas Farms) Business Description

Traded in Other Exchanges
N/A
Address
401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001
Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.