Range Resources (FRA:RAX) Gross-Profit-to-Asset % : 9.18% (As of Mar. 2024)

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What is Range Resources 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. Range Resources's annualized Gross Profit for the quarter that ended in Mar. 2024 was €615 Mil. Range Resources's average Total Assets over the quarter that ended in Mar. 2024 was €6,694 Mil. Therefore, Range Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 9.18%.

Range Resources Gross-Profit-to-Asset % Historical Data

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

Range Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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3.96

0.26

25.87

50.16

11.27

Range Resources Quarterly Data
	Jun19	Sep19	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															20.76	5.31	8.14	11.76	9.18

Competitive Comparison of Range Resources's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Range Resources'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.

Range Resources's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Range Resources's Gross-Profit-to-Asset % distribution charts can be found below:

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

Range Resources Gross-Profit-to-Asset % Calculation

Range Resources'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 )
	=	724.603	/	( (6254.531	+	6605.963)	/ 2 )
	=	724.603	/	6430.247
	=	11.27 %

Range Resources'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 )
	=	614.54	/	( (6605.963	+	6782.057)	/ 2 )
	=	614.54	/	6694.01
	=	9.18 %

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.

Range Resources Gross-Profit-to-Asset % Related Terms

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Range Resources (FRA:RAX) Business Description

Industry

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Traded in Other Exchanges

RRC:USA RAX:Germany

Address

100 Throckmorton Street, Suite 1200, Fort Worth, TX, USA, 76102

Website

https://www.rangeresources.com

Fort Worth-based Range Resources is an independent exploration and production company with that focuses entirely on its operations in the Marcellus Shale in Pennsylvania. At year-end 2022, Range's proved reserves totaled 18.1 trillion cubic feet equivalent, with net production of 2.1 billion cubic feet equivalent per day. Natural gas accounted for 70% of production.