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Norris Industries (Norris Industries) Gross-Profit-to-Asset % : -139.82% (As of Feb. 2024)


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What is Norris Industries 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. Norris Industries's annualized Gross Profit for the quarter that ended in Feb. 2024 was $-0.46 Mil. Norris Industries's average Total Assets over the quarter that ended in Feb. 2024 was $0.33 Mil. Therefore, Norris Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was -139.82%.


Norris Industries Gross-Profit-to-Asset % Historical Data

The historical data trend for Norris Industries'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.

Norris Industries Gross-Profit-to-Asset % Chart

Norris Industries Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -52.96 -80.06 -46.94 -54.07 -79.40

Norris Industries Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 -131.89 -95.20 -87.10 -134.18 -139.82

Competitive Comparison of Norris Industries's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Norris Industries'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.


Norris Industries's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Norris Industries's Gross-Profit-to-Asset % distribution charts can be found below:

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



Norris Industries Gross-Profit-to-Asset % Calculation

Norris Industries's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Feb. 2024 )/( (Total Assets (A: Feb. 2023 )+Total Assets (A: Feb. 2024 ))/ count )
=-0.316/( (0.338+0.458)/ 2 )
=-0.316/0.398
=-79.40 %

Norris Industries's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=-0.46/( (0.2+0.458)/ 2 )
=-0.46/0.329
=-139.82 %

* 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 (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Norris Industries Gross-Profit-to-Asset % Related Terms

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Norris Industries (Norris Industries) Business Description

Traded in Other Exchanges
N/A
Address
102 Palo Pinto Street, Suite B, Weatherford, TX, USA, 76086
Norris Industries Inc is an oil and gas exploration company managed by business and oil and gas exploration veterans specializing in the oil and gas acquisition and exploration markets of the Central West Texas region. The company is engaged in the acquisition, development, and exploration of crude oil and natural gas properties. Its projects include Dawson in Permian Basin, Bend Arch Tiger in Central West Texas, Guadalupe in South Texas, Bend Arch Lion 1A, and Bend Arch Lion 1B in Central West Texas, and Marshall Walden in East Texas.
Executives
Patrick L. Norris director, 10 percent owner, officer: CEO, Pres, Sec, Treasurer 409 TERRELL CRT, NEW IBERIA LA 90563
Ross Henry Ramsey director, officer: President, CEO, CFO 401 BOYD DR #3116, GRAPEVINE TX 76051
Benjamin B Tran director 49 MONTEREY PINE DR., NEWPORT COAST CA 92657

Norris Industries (Norris Industries) Headlines

From GuruFocus

Norris Industries Releases Shareholder Update with Expansion Plan

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