Snow Lake Resources (Snow Lake Resources) Gross-Profit-to-Asset % : -0.11% (As of Dec. 2023)

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What is Snow Lake Resources 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. Snow Lake Resources's annualized Gross Profit for the quarter that ended in Dec. 2023 was $-0.02 Mil. Snow Lake Resources's average Total Assets over the quarter that ended in Dec. 2023 was $21.26 Mil. Therefore, Snow Lake Resources's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was -0.11%.

Snow Lake Resources Gross-Profit-to-Asset % Historical Data

The historical data trend for Snow Lake Resources'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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Snow Lake Resources Gross-Profit-to-Asset % Chart

Snow Lake Resources Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Gross-Profit-to-Asset %

-0.01

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial					-	-	-	-0.02	-0.11

Competitive Comparison of Snow Lake Resources's Gross-Profit-to-Asset %

For the Other Industrial Metals & Mining subindustry, Snow Lake Resources'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.

Snow Lake Resources's Gross-Profit-to-Asset % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Snow Lake Resources's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Snow Lake Resources's Gross-Profit-to-Asset % falls into.

Snow Lake Resources Gross-Profit-to-Asset % Calculation

Snow Lake Resources'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 )
	=	-0.002	/	( (28.981	+	19.885)	/ 2 )
	=	-0.002	/	24.433
	=	-0.01 %

Snow Lake Resources'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 )
	=	-0.024	/	( (19.885	+	22.627)	/ 2 )
	=	-0.024	/	21.256
	=	-0.11 %

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.

Snow Lake Resources Gross-Profit-to-Asset % Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Snow Lake Resources Ltd (NAS:LITM) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 Main Street, 30th Floor, Winnipeg, MB, CAN, R3C 4G1

Website

https://www.snowlakelithium.com

Snow Lake Resources Ltd is an exploration stage mining company engaged in lithium exploration in the province of Manitoba, Canada. Its primary focus is currently conducting exploration for lithium at Thompson Brothers Lithium Project.