Castor Maritime (Castor Maritime) Gross-Profit-to-Asset % : 4.80% (As of Mar. 2024)

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What is Castor Maritime 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. Castor Maritime's annualized Gross Profit for the quarter that ended in Mar. 2024 was $29.38 Mil. Castor Maritime's average Total Assets over the quarter that ended in Mar. 2024 was $612.29 Mil. Therefore, Castor Maritime's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 4.80%.

Castor Maritime Gross-Profit-to-Asset % Historical Data

The historical data trend for Castor Maritime'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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Castor Maritime Gross-Profit-to-Asset % Chart

Castor Maritime Annual Data

Trend

Sep17

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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10.02

4.87

23.65

15.82

4.60

Castor Maritime 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															4.05	5.58	2.78	6.85	4.80

Competitive Comparison of Castor Maritime's Gross-Profit-to-Asset %

For the Marine Shipping subindustry, Castor Maritime'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.

Castor Maritime's Gross-Profit-to-Asset % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Castor Maritime's Gross-Profit-to-Asset % distribution charts can be found below:

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

Castor Maritime Gross-Profit-to-Asset % Calculation

Castor Maritime'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 )
	=	28.473	/	( (633.149	+	605.042)	/ 2 )
	=	28.473	/	619.0955
	=	4.60 %

Castor Maritime'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 )
	=	29.384	/	( (605.042	+	619.534)	/ 2 )
	=	29.384	/	612.288
	=	4.80 %

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.

Castor Maritime Gross-Profit-to-Asset % Related Terms

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Castor Maritime (Castor Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Castor Maritime Inc (NAS:CTRM) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

1C1A:Germany

Address

223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, CYP, 3036

Website

https://www.castormaritime.com

Castor Maritime Inc is a provider of seaborne transportation services for dry bulk cargo, including iron ore, coal, grain, steel products, fertilizers, cement, bauxite, sugar, and scrap metal, among others. The firm operates under four reportable segments namely Dry bulk; Aframax/LR2 tanker; Handysize tanker and Container ship. It generates maximum revenue from the Dry bulk segment.