1606 (CBDW) Gross-Profit-to-Asset % : 0.00% (As of Mar. 2024)

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What is 1606 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. 1606's annualized Gross Profit for the quarter that ended in Mar. 2024 was $0.00 Mil. 1606's average Total Assets over the quarter that ended in Mar. 2024 was $0.15 Mil. Therefore, 1606's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 0.00%.

1606 Gross-Profit-to-Asset % Historical Data

The historical data trend for 1606'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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1606 Gross-Profit-to-Asset % Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

29.27

0.73

0.53

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial					-	-3.95	-	9.22	-

Competitive Comparison of 1606's Gross-Profit-to-Asset %

For the Tobacco subindustry, 1606'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.

1606's Gross-Profit-to-Asset % Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, 1606's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 1606's Gross-Profit-to-Asset % falls into.

1606 Gross-Profit-to-Asset % Calculation

1606'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 )
	=	0.001	/	( (0.232	+	0.148)	/ 2 )
	=	0.001	/	0.19
	=	0.53 %

1606'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	/	( (0.148	+	0.142)	/ 2 )
	=	0	/	0.145
	=	0.00 %

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.

1606 Gross-Profit-to-Asset % Related Terms

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1606 (CBDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://cbd.inc

1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.