Fortress Minerals (SGX:OAJ) Gross-Profit-to-Asset % : 47.28% (As of Aug. 2023)

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What is Fortress Minerals 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. Fortress Minerals's annualized Gross Profit for the quarter that ended in Aug. 2023 was S$61.86 Mil. Fortress Minerals's average Total Assets over the quarter that ended in Aug. 2023 was S$130.84 Mil. Therefore, Fortress Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Aug. 2023 was 47.28%.

Fortress Minerals Gross-Profit-to-Asset % Historical Data

The historical data trend for Fortress Minerals'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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Fortress Minerals Gross-Profit-to-Asset % Chart

Fortress Minerals Annual Data

Trend

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Gross-Profit-to-Asset %

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62.40

54.19

72.18

44.19

40.44

Fortress Minerals Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial															47.31	32.68	35.99	34.72	47.28

Competitive Comparison of Fortress Minerals's Gross-Profit-to-Asset %

For the Steel subindustry, Fortress Minerals'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.

Fortress Minerals's Gross-Profit-to-Asset % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Fortress Minerals's Gross-Profit-to-Asset % distribution charts can be found below:

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

Fortress Minerals Gross-Profit-to-Asset % Calculation

Fortress Minerals's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Feb. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Feb. 2023 )	/	( (Total Assets (A: Feb. 2022 )	+	Total Assets (A: Feb. 2023 ))	/ count )
	=	50.286	/	( (123.916	+	124.795)	/ 2 )
	=	50.286	/	124.3555
	=	40.44 %

Fortress Minerals's annualized Gross-Profit-to-Asset % for the quarter that ended in Aug. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Aug. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Aug. 2023 ))	/ count )
	=	61.856	/	( (130.86	+	130.825)	/ 2 )
	=	61.856	/	130.8425
	=	47.28 %

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 (Aug. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

Fortress Minerals Gross-Profit-to-Asset % Related Terms

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Fortress Minerals (SGX:OAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Fortress Minerals Ltd (SGX:OAJ) » Definitions » Gross-Profit-to-Asset %

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Traded in Other Exchanges

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Address

9-1, Jalan PJS 8/18, Dataran Mentari, Petaling Jaya, SGR, MYS, 46150

Website

https://www.fortress.sg

Fortress Minerals Ltd is an iron ore concentrate miner and exporter in Malaysia. The company engages in exploration, mining, production, and sale of iron ore with low level of impurities. It mines the iron ore from its East, Valley and West Deposits of Bukit Besi Mine situated in the district of Dungun, state of Terengganu in Malaysia. It derives revenue from sale of iron ore.

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