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Glass House Brands (NEOE:GLAS.A.U) Gross-Profit-to-Asset % : 16.73% (As of Mar. 2024)


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What is Glass House Brands 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. Glass House Brands's annualized Gross Profit for the quarter that ended in Mar. 2024 was $50.1 Mil. Glass House Brands's average Total Assets over the quarter that ended in Mar. 2024 was $299.5 Mil. Therefore, Glass House Brands's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 16.73%.


Glass House Brands Gross-Profit-to-Asset % Historical Data

The historical data trend for Glass House Brands'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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Glass House Brands Gross-Profit-to-Asset % Chart

Glass House Brands Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
26.95 8.85 6.49 24.75

Glass House Brands Quarterly Data
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 14.90 30.03 31.24 23.09 16.73

Competitive Comparison of Glass House Brands's Gross-Profit-to-Asset %

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands'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.


Glass House Brands's Gross-Profit-to-Asset % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Glass House Brands's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Glass House Brands's Gross-Profit-to-Asset % falls into.



Glass House Brands Gross-Profit-to-Asset % Calculation

Glass House Brands'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 )
=80.969/( (350.629+303.775)/ 2 )
=80.969/327.202
=24.75 %

Glass House Brands'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 )
=50.104/( (303.775+295.247)/ 2 )
=50.104/299.511
=16.73 %

* 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.


Glass House Brands Gross-Profit-to-Asset % Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Traded in Other Exchanges
Address
3645 Long Beach Boulevard, Long Beach, CA, USA, 90807
Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

Glass House Brands (NEOE:GLAS.A.U) Headlines

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