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Ascend Wellness Holdings (XCNQ:AAWH.U) Gross-Profit-to-Asset % : 22.61% (As of Mar. 2024)


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What is Ascend Wellness Holdings 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. Ascend Wellness Holdings's annualized Gross Profit for the quarter that ended in Mar. 2024 was $208.1 Mil. Ascend Wellness Holdings's average Total Assets over the quarter that ended in Mar. 2024 was $920.7 Mil. Therefore, Ascend Wellness Holdings's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 22.61%.


Ascend Wellness Holdings Gross-Profit-to-Asset % Historical Data

The historical data trend for Ascend Wellness Holdings'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.

* Premium members only.

Ascend Wellness Holdings Gross-Profit-to-Asset % Chart

Ascend Wellness Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
- 14.24 23.62 16.87 17.32

Ascend Wellness Holdings Quarterly Data
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 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 16.39 12.80 19.28 20.81 22.61

Competitive Comparison of Ascend Wellness Holdings's Gross-Profit-to-Asset %

For the Drug Manufacturers - Specialty & Generic subindustry, Ascend Wellness Holdings'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.


Ascend Wellness Holdings's Gross-Profit-to-Asset % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ascend Wellness Holdings's Gross-Profit-to-Asset % distribution charts can be found below:

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



Ascend Wellness Holdings Gross-Profit-to-Asset % Calculation

Ascend Wellness Holdings'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 )
=155.12/( (872.16+919.55)/ 2 )
=155.12/895.855
=17.32 %

Ascend Wellness Holdings'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 )
=208.148/( (919.55+921.857)/ 2 )
=208.148/920.7035
=22.61 %

* 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 (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Ascend Wellness Holdings Gross-Profit-to-Asset % Related Terms

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Ascend Wellness Holdings (XCNQ:AAWH.U) Business Description

Traded in Other Exchanges
Address
1411 Broadway, 16th Floor, New York, NY, USA, 10018
Ascend Wellness Holdings Inc is a vertically integrated multi-state operator focused on adult-use or near-term adult-use cannabis states in limited license markets. The company's core business is the cultivation, manufacturing, and distribution of cannabis consumer packaged goods, which it sells through company-owned retail stores and third-party licensed cannabis retail stores. It generates maximum revenue from the retail product segment.

Ascend Wellness Holdings (XCNQ:AAWH.U) Headlines

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