Argo Blockchain (LSE:ARB) Gross-Profit-to-Asset % : 29.47% (As of Dec. 2023)

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What is Argo Blockchain 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. Argo Blockchain's annualized Gross Profit for the quarter that ended in Dec. 2023 was £18.84 Mil. Argo Blockchain's average Total Assets over the quarter that ended in Dec. 2023 was £63.94 Mil. Therefore, Argo Blockchain's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 29.47%.

Argo Blockchain Gross-Profit-to-Asset % Historical Data

The historical data trend for Argo Blockchain'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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Argo Blockchain Gross-Profit-to-Asset % Chart

Argo Blockchain Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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11.74

13.75

33.04

-18.30

4.03

Argo Blockchain Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial												-0.30	-2.13	-3.40	-3.52	29.47

Competitive Comparison of Argo Blockchain's Gross-Profit-to-Asset %

For the Capital Markets subindustry, Argo Blockchain'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.

Argo Blockchain's Gross-Profit-to-Asset % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's Gross-Profit-to-Asset % distribution charts can be found below:

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

Argo Blockchain Gross-Profit-to-Asset % Calculation

Argo Blockchain'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 )
	=	3.033	/	( (90.501	+	59.993)	/ 2 )
	=	3.033	/	75.247
	=	4.03 %

Argo Blockchain'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: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	18.844	/	( (67.886	+	59.993)	/ 2 )
	=	18.844	/	63.9395
	=	29.47 %

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

Argo Blockchain Gross-Profit-to-Asset % Related Terms

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Argo Blockchain (LSE:ARB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Argo Blockchain PLC (LSE:ARB) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

ARBK:USA ARBKF:USA ARBl:UK 0XP:Germany

Address

27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH

Website

https://www.argoblockchain.com

Argo Blockchain PLC is a global data center business that provides a powerful and efficient platform for cryptocurrency mining operations. The company has operations in strategic locations in North America.