Novus Acquisition & Development (Novus Acquisition & Development) Gross-Profit-to-Asset % : 13.58% (As of Sep. 2023)

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What is Novus Acquisition & Development 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. Novus Acquisition & Development's annualized Gross Profit for the quarter that ended in Sep. 2023 was $0.24 Mil. Novus Acquisition & Development's average Total Assets over the quarter that ended in Sep. 2023 was $1.77 Mil. Therefore, Novus Acquisition & Development's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 13.58%.

Novus Acquisition & Development Gross-Profit-to-Asset % Historical Data

The historical data trend for Novus Acquisition & Development'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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Novus Acquisition & Development Gross-Profit-to-Asset % Chart

Novus Acquisition & Development Annual Data

Trend

Gross-Profit-to-Asset %

Novus Acquisition & Development Quarterly Data
	Sep22	Sep23
Gross-Profit-to-Asset %	-	13.58

Competitive Comparison of Novus Acquisition & Development's Gross-Profit-to-Asset %

For the Insurance - Diversified subindustry, Novus Acquisition & Development'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.

Novus Acquisition & Development's Gross-Profit-to-Asset % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Novus Acquisition & Development's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Novus Acquisition & Development's Gross-Profit-to-Asset % falls into.

Novus Acquisition & Development Gross-Profit-to-Asset % Calculation

Novus Acquisition & Development's annualized Gross-Profit-to-Asset % for the fiscal year that ended in . 20 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: . 20 )	/	( (Total Assets (A: . 20 )	+	Total Assets (A: . 20 ))	/ count )
	=		/	( (	+	)	/ )
	=		/
	=	%

Novus Acquisition & Development'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: Sep. 2022 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	0.24	/	( (0	+	1.767)	/ 1 )
	=	0.24	/	1.767
	=	13.58 %

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.

Novus Acquisition & Development Gross-Profit-to-Asset % Related Terms

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Novus Acquisition & Development (Novus Acquisition & Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Novus Acquisition & Development Corp (OTCPK:NDEV) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2665 South Bayshore Drive, Suite 220, Miami, FL, USA, 33131

Website

https://www.getnovusnow.com

Novus Acquisition & Development Corp is a holding company operating through its subsidiaries. It offers health, life, and annuity insurance products and services. The company initiated its health insurance business model within the medical marijuana space, where it can render risk and non-risk insurance models. It operates throughout the United States.