Coinbase Global (BSP:C2OI34) Gross-Profit-to-Asset % : 1.81% (As of Mar. 2024)

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What is Coinbase Global 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. Coinbase Global's annualized Gross Profit for the quarter that ended in Mar. 2024 was R$24,843 Mil. Coinbase Global's average Total Assets over the quarter that ended in Mar. 2024 was R$1,373,664 Mil. Therefore, Coinbase Global's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 1.81%.

Coinbase Global Gross-Profit-to-Asset % Historical Data

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

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

18.88

29.42

45.87

3.20

1.35

Coinbase Global Quarterly Data
	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													1.80	1.67	1.25	1.62	1.81

Competitive Comparison of Coinbase Global's Gross-Profit-to-Asset %

For the Financial Data & Stock Exchanges subindustry, Coinbase Global'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.

Coinbase Global's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's Gross-Profit-to-Asset % distribution charts can be found below:

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

Coinbase Global Gross-Profit-to-Asset % Calculation

Coinbase Global'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 )
	=	10021.512	/	( (470642.849	+	1014175.073)	/ 2 )
	=	10021.512	/	742408.961
	=	1.35 %

Coinbase Global'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 )
	=	24843.248	/	( (1014175.073	+	1733152.048)	/ 2 )
	=	24843.248	/	1373663.5605
	=	1.81 %

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.

Coinbase Global Gross-Profit-to-Asset % Related Terms

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Coinbase Global (BSP:C2OI34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (BSP:C2OI34) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

COIN:USA COIN:Mexico 1QZ:Germany COIN:Austria

Address

c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.

Coinbase Global (BSP:C2OI34) Headlines

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