Horizon Oil (ASX:HZN) Gross-Profit-to-Asset % : 34.76% (As of Dec. 2023)

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What is Horizon Oil 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. Horizon Oil's annualized Gross Profit for the quarter that ended in Dec. 2023 was A$92.9 Mil. Horizon Oil's average Total Assets over the quarter that ended in Dec. 2023 was A$267.4 Mil. Therefore, Horizon Oil's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 34.76%.

Horizon Oil Gross-Profit-to-Asset % Historical Data

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

Horizon Oil Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

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21.62

9.97

12.20

31.19

38.79

Horizon Oil Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															22.04	43.78	35.59	37.43	34.76

Competitive Comparison of Horizon Oil's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Horizon Oil'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.

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

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

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

Horizon Oil Gross-Profit-to-Asset % Calculation

Horizon Oil's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Jun. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Jun. 2023 )	/	( (Total Assets (A: Jun. 2022 )	+	Total Assets (A: Jun. 2023 ))	/ count )
	=	103.387	/	( (259.643	+	273.412)	/ 2 )
	=	103.387	/	266.5275
	=	38.79 %

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

Gross-Profit-to-Asset %	=	Gross Profit (Q: Dec. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	92.936	/	( (273.412	+	261.295)	/ 2 )
	=	92.936	/	267.3535
	=	34.76 %

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 two times the semi-annual (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Horizon Oil Gross-Profit-to-Asset % Related Terms

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Horizon Oil (ASX:HZN) Business Description

Industry

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HZNFF:USA

Address

360 Kent Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://horizonoil.com.au

Horizon Oil Ltd is engaged in petroleum exploration, development, and production. The company's exploration, development, and production activities are focused on Southeast Asia. The operating segments of the group are New Zealand exploration and development, China exploration and development, and All other segments. It generates the prime revenue from New Zealand's exploration and development segment in which the group is involved in the development and production of crude oil and oil field development and in the exploration and evaluation of hydrocarbons. The operations of the organization are carried out in China and New Zealand.