Topaz Energy (TSX:TPZ) Gross-Profit-to-Asset % : 6.29% (As of Mar. 2024)

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What is Topaz Energy 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. Topaz Energy's annualized Gross Profit for the quarter that ended in Mar. 2024 was C$102.1 Mil. Topaz Energy's average Total Assets over the quarter that ended in Mar. 2024 was C$1,623.8 Mil. Therefore, Topaz Energy's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 6.29%.

Topaz Energy Gross-Profit-to-Asset % Historical Data

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

Topaz Energy Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

0.16

0.49

3.30

8.54

5.13

Topaz Energy 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															4.26	3.81	5.99	6.76	6.29

Competitive Comparison of Topaz Energy's Gross-Profit-to-Asset %

For the Oil & Gas Midstream subindustry, Topaz Energy'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.

Topaz Energy's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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

Topaz Energy Gross-Profit-to-Asset % Calculation

Topaz Energy'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 )
	=	89.3	/	( (1835.732	+	1647.147)	/ 2 )
	=	89.3	/	1741.4395
	=	5.13 %

Topaz Energy'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 )
	=	102.076	/	( (1647.147	+	1600.415)	/ 2 )
	=	102.076	/	1623.781
	=	6.29 %

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.

Topaz Energy Gross-Profit-to-Asset % Related Terms

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Topaz Energy (TSX:TPZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Topaz Energy Corp (TSX:TPZ) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

TPZEF:USA 5XU:Germany

Address

250 - 6th Avenue SW, Suite 3100, Calgary, AB, CAN, T2P 3H7

Website

https://www.topazenergy.ca

Topaz Energy Corp is a royalty and energy infrastructure company focused on generating low-risk income and paying dividends to its shareholders. It generates revenue from the Royalty Assets, which generate the company's Royalty Production Revenue; and the Infrastructure Assets, which generate the company's Processing Revenue and Other Income. The majority of the company's revenue is earned through royalties.

Executives

Stephen Phillip Larke

Director