Torex Gold Resources (Torex Gold Resources) Gross-Profit-to-Asset % : 16.85% (As of Mar. 2024)

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What is Torex Gold 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. Torex Gold Resources's annualized Gross Profit for the quarter that ended in Mar. 2024 was $316.4 Mil. Torex Gold Resources's average Total Assets over the quarter that ended in Mar. 2024 was $1,877.4 Mil. Therefore, Torex Gold Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 16.85%.

Torex Gold Resources Gross-Profit-to-Asset % Historical Data

The historical data trend for Torex Gold 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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Torex Gold Resources Gross-Profit-to-Asset % Chart

Torex Gold Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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12.87

20.73

25.01

20.59

16.48

Torex Gold 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															22.76	17.70	6.37	20.46	16.85

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

For the Gold subindustry, Torex Gold 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.

Torex Gold Resources's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Torex Gold Resources's Gross-Profit-to-Asset % distribution charts can be found below:

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

Torex Gold Resources Gross-Profit-to-Asset % Calculation

Torex Gold 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 )
	=	282.5	/	( (1593.3	+	1835.8)	/ 2 )
	=	282.5	/	1714.55
	=	16.48 %

Torex Gold 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 )
	=	316.4	/	( (1835.8	+	1919)	/ 2 )
	=	316.4	/	1877.4
	=	16.85 %

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.

Torex Gold Resources Gross-Profit-to-Asset % Related Terms

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Torex Gold Resources (Torex Gold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Torex Gold Resources Inc (OTCPK:TORXF) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

73GN:Germany TXG:Canada

Address

Exchange Tower, 130 King Street West, Suite 740, Toronto, ON, CAN, M5X 2A2

Website

https://www.torexgold.com

Torex Gold Resources Inc is an intermediate producer of gold and other precious metals, engaged in the exploration, development, and exploration of its wholly owned Morelos Gold Property. The property consists of 29,000 hectares in the Guerrero Gold Belt, located 180 kilometres southwest of Mexico City and approximately 50 kilometres southwest of Iguala. Within this property, the company has two assets: the El Limon-Guajes Mine, an open pit gold deposit located north of the Balsas river, and the Media Luna Project.