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Okea ASA (OSTO:OKEA) Gross-Profit-to-Asset % : 30.60% (As of Mar. 2024)


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What is Okea ASA 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. Okea ASA's annualized Gross Profit for the quarter that ended in Mar. 2024 was kr5,675 Mil. Okea ASA's average Total Assets over the quarter that ended in Mar. 2024 was kr18,550 Mil. Therefore, Okea ASA's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 30.60%.


Okea ASA Gross-Profit-to-Asset % Historical Data

The historical data trend for Okea ASA'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.

Okea ASA Gross-Profit-to-Asset % Chart

Okea ASA Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only 12.03 2.64 20.50 30.79 25.06

Okea ASA 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 32.75 22.79 25.51 24.69 30.60

Competitive Comparison of Okea ASA's Gross-Profit-to-Asset %

For the Oil & Gas E&P subindustry, Okea ASA'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.


Okea ASA's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

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

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



Okea ASA Gross-Profit-to-Asset % Calculation

Okea ASA'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 )
=4275.823/( (15621.128+18499.621)/ 2 )
=4275.823/17060.3745
=25.06 %

Okea ASA'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 )
=5675.364/( (18499.621+18599.419)/ 2 )
=5675.364/18549.52
=30.60 %

* 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.


Okea ASA Gross-Profit-to-Asset % Related Terms

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Okea ASA (OSTO:OKEA) Business Description

Industry
Traded in Other Exchanges
Address
Kongens Gate 8, Trondheim, NOR, 7011
Okea ASA is an independent oil producer. The company's only reportable segment is the development and production of oil and gas on the Norwegian Continental Shelf. Its operation includes Draugen Field, Gjoa Field, Ivar Aasen, Grevling and Yme.

Okea ASA (OSTO:OKEA) Headlines

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