Legible (XCNQ:READ) Gross-Profit-to-Asset % : 12.44% (As of Dec. 2023)

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What is Legible 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. Legible's annualized Gross Profit for the quarter that ended in Dec. 2023 was C$0.02 Mil. Legible's average Total Assets over the quarter that ended in Dec. 2023 was C$0.19 Mil. Therefore, Legible's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 12.44%.

Legible Gross-Profit-to-Asset % Historical Data

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

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Gross-Profit-to-Asset %

5.95

7.63

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial									1.11	0.88	3.88	4.50	12.44

Competitive Comparison of Legible's Gross-Profit-to-Asset %

For the Publishing subindustry, Legible'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.

Legible's Gross-Profit-to-Asset % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Gross-Profit-to-Asset % distribution charts can be found below:

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

Legible Gross-Profit-to-Asset % Calculation

Legible'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 )
	=	0.018	/	( (0.331	+	0.141)	/ 2 )
	=	0.018	/	0.236
	=	7.63 %

Legible'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 )
	=	0.024	/	( (0.245	+	0.141)	/ 2 )
	=	0.024	/	0.193
	=	12.44 %

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.

Legible Gross-Profit-to-Asset % Related Terms

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Legible (XCNQ:READ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

LEBGF:USA D0T:Germany

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Executives

Angela Jean Doll

Senior Officer

Legible (XCNQ:READ) Headlines

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