OPAL Fuels (OPAL Fuels) Gross-Profit-to-Asset % : 8.84% (As of Mar. 2024)

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What is OPAL Fuels 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. OPAL Fuels's annualized Gross Profit for the quarter that ended in Mar. 2024 was $66.5 Mil. OPAL Fuels's average Total Assets over the quarter that ended in Mar. 2024 was $752.6 Mil. Therefore, OPAL Fuels's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 8.84%.

OPAL Fuels Gross-Profit-to-Asset % Historical Data

The historical data trend for OPAL Fuels'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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OPAL Fuels Gross-Profit-to-Asset % Chart

OPAL Fuels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

16.25

18.56

14.18

10.32

OPAL Fuels Quarterly Data
	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross-Profit-to-Asset %	Get a 7-Day Free Trial										4.34	6.83	11.28	19.55	8.84

Competitive Comparison of OPAL Fuels's Gross-Profit-to-Asset %

For the Utilities - Regulated Gas subindustry, OPAL Fuels'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.

OPAL Fuels's Gross-Profit-to-Asset % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, OPAL Fuels's Gross-Profit-to-Asset % distribution charts can be found below:

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

OPAL Fuels Gross-Profit-to-Asset % Calculation

OPAL Fuels'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 )
	=	72.208	/	( (644.856	+	754.609)	/ 2 )
	=	72.208	/	699.7325
	=	10.32 %

OPAL Fuels'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 )
	=	66.508	/	( (754.609	+	750.499)	/ 2 )
	=	66.508	/	752.554
	=	8.84 %

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.

OPAL Fuels Gross-Profit-to-Asset % Related Terms

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OPAL Fuels (OPAL Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » OPAL Fuels Inc (NAS:OPAL) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

One North Lexington Avenue, Suite 1450, White Plains, NY, USA, 10601

Website

https://www.opalfuels.com

OPAL Fuels Inc is a fully integrated, nationwide leader in the production and distribution of low-carbon intensity renewable natural gas. The company's vertical waste-to-energy model combines the upstream production and downstream marketing and distribution of RNG, delivering a scalable, low-cost solution to decarbonize heavy-duty transportation and other industrial markets.