Greenlane Renewables (TSX:GRN) Gross-Profit-to-Asset % : 32.20% (As of Mar. 2024)

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What is Greenlane Renewables 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. Greenlane Renewables's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$18.34 Mil. Greenlane Renewables's average Total Assets over the quarter that ended in Mar. 2024 was C$56.97 Mil. Therefore, Greenlane Renewables's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 32.20%.

Greenlane Renewables Gross-Profit-to-Asset % Historical Data

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

Greenlane Renewables Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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23.61

14.88

21.14

18.41

18.05

Greenlane Renewables 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															15.01	19.21	14.03	17.86	32.20

Competitive Comparison of Greenlane Renewables's Gross-Profit-to-Asset %

For the Specialty Industrial Machinery subindustry, Greenlane Renewables'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.

Greenlane Renewables's Gross-Profit-to-Asset % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Greenlane Renewables's Gross-Profit-to-Asset % distribution charts can be found below:

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

Greenlane Renewables Gross-Profit-to-Asset % Calculation

Greenlane Renewables'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 )
	=	12.429	/	( (83.387	+	54.355)	/ 2 )
	=	12.429	/	68.871
	=	18.05 %

Greenlane Renewables'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 )
	=	18.344	/	( (54.355	+	59.586)	/ 2 )
	=	18.344	/	56.9705
	=	32.20 %

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.

Greenlane Renewables Gross-Profit-to-Asset % Related Terms

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Greenlane Renewables (TSX:GRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Greenlane Renewables Inc (TSX:GRN) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

GRNWF:USA 52G:Germany

Address

3605 Gilmore Way, Suite 110, Burnaby, BC, CAN, V5G 4X5

Website

https://www.greenlanerenewables.com

Greenlane Renewables Inc is a provider of biogas upgrading systems. Its systems produce clean, renewable natural gas from organic waste sources, including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. The company generates revenue in the form of System sales and Aftercare services. The company has its geographic presence in Canada, Europe and United States and Others.

Executives

Candice Alderson

Director