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Trutankless (Trutankless) Gross-Profit-to-Asset % : -9.14% (As of Sep. 2023)


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What is Trutankless 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. Trutankless's annualized Gross Profit for the quarter that ended in Sep. 2023 was $-0.03 Mil. Trutankless's average Total Assets over the quarter that ended in Sep. 2023 was $0.35 Mil. Therefore, Trutankless's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was -9.14%.


Trutankless Gross-Profit-to-Asset % Historical Data

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

Trutankless Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -21.11 19.69 26.14 11.65 18.12

Trutankless Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.20 65.75 1.48 - -9.14

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

For the Consumer Electronics subindustry, Trutankless'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.


Trutankless's Gross-Profit-to-Asset % Distribution in the Hardware Industry

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

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



Trutankless Gross-Profit-to-Asset % Calculation

Trutankless's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=0.05/( (0.229+0.323)/ 2 )
=0.05/0.276
=18.12 %

Trutankless's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-0.032/( (0.277+0.423)/ 2 )
=-0.032/0.35
=-9.14 %

* 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.

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 (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Trutankless Gross-Profit-to-Asset % Related Terms

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Trutankless (Trutankless) Business Description

Traded in Other Exchanges
N/A
Address
15900 North 78th Street, Suite 200, Scottsdale, AZ, USA, 85260
Trutankless Inc is engaged in manufacturing electric tankless water heaters that far surpasses traditional tank water heaters in energy efficiency, output, dependability, and environmental sustainability. The company anticipates its second generation Trutankless water heaters, with Wi-Fi, Bluetooth, and Zigbee capabilities to help modernize the water heating industry. The Trutankless brand mission is to apply smart engineering to forward-thinking technologies that save customers money, energy, and space.
Executives
Buit Right Holdings, Llc 10 percent owner 8790 E. VIA DE VENTURA, SUITE 4640, SCOTTSDALE AZ 85258
Michael Stebbins director 14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254
Robertson J Orr director, officer: President & CEO 14646 N KIERLAND BLVD, SUITE 270, SCOTTSDALE AZ 85254