Veritone (STU:VEK) Gross-Profit-to-Asset % : 26.79% (As of Mar. 2024)

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What is Veritone 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. Veritone's annualized Gross Profit for the quarter that ended in Mar. 2024 was €90.5 Mil. Veritone's average Total Assets over the quarter that ended in Mar. 2024 was €337.7 Mil. Therefore, Veritone's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 26.79%.

Veritone Gross-Profit-to-Asset % Historical Data

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

Veritone Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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30.77

28.36

27.27

26.86

24.43

Veritone 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															23.69	22.36	31.49	29.82	26.79

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

For the Software - Infrastructure subindustry, Veritone'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.

Veritone's Gross-Profit-to-Asset % Distribution in the Software Industry

For the Software industry and Technology sector, Veritone's Gross-Profit-to-Asset % distribution charts can be found below:

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

Veritone Gross-Profit-to-Asset % Calculation

Veritone'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 )
	=	91.062	/	( (400.966	+	344.621)	/ 2 )
	=	91.062	/	372.7935
	=	24.43 %

Veritone'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 )
	=	90.492	/	( (344.621	+	330.87)	/ 2 )
	=	90.492	/	337.7455
	=	26.79 %

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.

Veritone Gross-Profit-to-Asset % Related Terms

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Veritone (STU:VEK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Veritone Inc (STU:VEK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

VERI:USA VEK:Germany

Address

2420 17th Street, Office 3002, Denver, CO, USA, 80202

Website

https://www.veritone.com

Veritone Inc is a provider of artificial intelligence (AI) computing solutions and services. The company generates revenue through the delivery of its 1) Software Products and Services which consists of revenues generated from Commercial Enterprise and Government and Regulated Industries customers using the company's aiWARE platform and hiring solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions, 2) Managed Services which consist of revenues generated from Commercial Enterprise customers using company's content licensing services, advertising agency, influencer management and related services. The company has a presence in the United States and Israel.

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