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Mill City Ventures III (Mill City Ventures III) Gross-Profit-to-Asset % : 19.07% (As of Mar. 2024)


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What is Mill City Ventures III 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. Mill City Ventures III's annualized Gross Profit for the quarter that ended in Mar. 2024 was $3.64 Mil. Mill City Ventures III's average Total Assets over the quarter that ended in Mar. 2024 was $19.06 Mil. Therefore, Mill City Ventures III's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 19.07%.


Mill City Ventures III Gross-Profit-to-Asset % Historical Data

The historical data trend for Mill City Ventures III'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.

Mill City Ventures III Gross-Profit-to-Asset % Chart

Mill City Ventures III Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.65 28.59 35.82 18.74 10.68

Mill City Ventures III 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 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 Premium Member Only Premium Member Only 17.45 17.55 15.15 -9.69 19.07

Competitive Comparison of Mill City Ventures III's Gross-Profit-to-Asset %

For the Credit Services subindustry, Mill City Ventures III'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.


Mill City Ventures III's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mill City Ventures III's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Mill City Ventures III's Gross-Profit-to-Asset % falls into.



Mill City Ventures III Gross-Profit-to-Asset % Calculation

Mill City Ventures III'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 )
=2.021/( (18.735+19.107)/ 2 )
=2.021/18.921
=10.68 %

Mill City Ventures III'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 )
=3.636/( (19.107+19.02)/ 2 )
=3.636/19.0635
=19.07 %

* 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.


Mill City Ventures III Gross-Profit-to-Asset % Related Terms

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Mill City Ventures III (Mill City Ventures III) Business Description

Traded in Other Exchanges
N/A
Address
1907 Wayzata Boulevard, Suite 205, Wayzata, MN, USA, 55391
Mill City Ventures III Ltd is a non-bank lender and specialty finance company. The company is engaged in the business of providing short-term specialty finance solutions primarily to private businesses, micro-and small-cap public companies, and high-net-worth individuals. The principal specialty finance solutions that they provide are high-interest short-term lending arrangements. Typically, these lending arrangements involve us obtaining collateral as security for the borrower's repayment of funds to us, or personal guarantees from the principals or affiliates of the borrower.
Executives
Douglas Michael Polinsky director, officer: Chief Executive Officer 130 LAKE ST. WEST, WAYZATA MN 55391
Laurence S Zipkin director 701 XENIA AVE S., SUITE 130, MINNEAPOLIS MN 55416
Geraci Joseph Anthony Ii director, 10 percent owner, officer: Chief Financial Officer 900 IDS CENTER, 80 S. EIGHT STREET, MINNEAPOLOS MN 55402
Lyle Berman director 10275 WAYZATA BOULEVARD, SUITE 100, MINNETONKA MN 55305
Howard P Liszt director 5929 BAKER ROAD, SUITE 475, MINNETONKA MN 55345
Neal Linnihan 10 percent owner 8154 INGBERG CIRCLE, STILLWATER MN 55082
Scott Zbikowski 10 percent owner 109 SW 50TH STREET, CAPE CORAL FL 33914
Chris Larson director 701 NORTH THIRD STREET, MINNEAPOLIS MN 55401
Joseph D Hammer director 150 CENTRAL PARK SOUTH, 2ND FLOOR, NEW YORK NY 10019
Amit Sela 10 percent owner 13564 WESTERNESSE ROAD, MINNETONKA MN 55305

Mill City Ventures III (Mill City Ventures III) Headlines

From GuruFocus

Mill City Ventures III, Ltd. Reports Quarterly Results

By PRNewswire PRNewswire 06-15-2022

Mill City Ventures Files S-1 Registration Statement

By PRNewswire PRNewswire 02-16-2022

Mill City Ventures III, Ltd. Reports Quarterly Results

By PRNewswire PRNewswire 05-26-2022

Mill City Ventures secures $5M revolving credit facility

By PRNewswire PRNewswire 01-19-2022

Mill City finances $1.25M secured loan

By PRNewswire PRNewswire 10-01-2021