Argeo AS (OSL:ARGEO) Gross-Profit-to-Asset % : 20.07% (As of Mar. 2024)

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What is Argeo AS 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. Argeo AS's annualized Gross Profit for the quarter that ended in Mar. 2024 was kr175.7 Mil. Argeo AS's average Total Assets over the quarter that ended in Mar. 2024 was kr875.6 Mil. Therefore, Argeo AS's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 20.07%.

Argeo AS Gross-Profit-to-Asset % Historical Data

The historical data trend for Argeo AS'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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Argeo AS Gross-Profit-to-Asset % Chart

Argeo AS Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross-Profit-to-Asset %

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44.46

82.21

-11.87

-8.63

Argeo AS Quarterly Data
	Dec18	Dec19	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													-3.33	42.16	62.81	-118.68	20.07

Competitive Comparison of Argeo AS's Gross-Profit-to-Asset %

For the Oil & Gas Equipment & Services subindustry, Argeo AS'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.

Argeo AS's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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

Argeo AS Gross-Profit-to-Asset % Calculation

Argeo AS'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 )
	=	-46.586	/	( (324.117	+	755.348)	/ 2 )
	=	-46.586	/	539.7325
	=	-8.63 %

Argeo AS'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 )
	=	175.692	/	( (755.348	+	995.786)	/ 2 )
	=	175.692	/	875.567
	=	20.07 %

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.

Argeo AS Gross-Profit-to-Asset % Related Terms

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Argeo AS (OSL:ARGEO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Argeo AS (OSL:ARGEO) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

8W2:Germany

Address

Nye Vakasvei 14, Hvalstad, Norge, NOR, 1395

Website

https://www.argeo.no

Argeo AS offers the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. This company is equipped with individual sensors and digital imaging technology, these autonomous underwater vehicles increase efficiency and imaging quality, in addition, to contributing to substantially reducing CO2 emissions from operations. The company's digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow water to the deepest oceans for market segments in Infrastructure, Offshore Wind, Oil & Gas, and Deep Sea Minerals.

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