Iluka Resources (Iluka Resources) Gross Profit : $610.8 Mil (TTM As of Dec. 2023)

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What is Iluka Resources Gross Profit?

Iluka Resources's gross profit for the six months ended in Dec. 2023 was $263.1 Mil. Iluka Resources's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $610.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Iluka Resources's gross profit for the six months ended in Dec. 2023 was $263.1 Mil. Iluka Resources's Revenue for the six months ended in Dec. 2023 was $365.2 Mil. Therefore, Iluka Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 72.05%.

Iluka Resources had a gross margin of 72.05% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Iluka Resources was 70.87%. The lowest was 42.56%. And the median was 58.64%.

Iluka Resources Gross Profit Historical Data

The historical data trend for Iluka Resources's Gross Profit 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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Iluka Resources Gross Profit Chart

Iluka Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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538.50

478.24

658.23

770.58

609.84

Iluka Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															360.44	417.71	369.50	347.65	263.12

Competitive Comparison of Iluka Resources's Gross Profit

For the Other Industrial Metals & Mining subindustry, Iluka Resources's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Iluka Resources's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Iluka Resources's Gross Profit distribution charts can be found below:

* The bar in red indicates where Iluka Resources's Gross Profit falls into.

Iluka Resources Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Iluka Resources's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	864.123	-	254.284
	=	609.8

Iluka Resources's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	365.194	-	102.075
	=	263.1

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $610.8 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Iluka Resources's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	263.1	/	365.194
	=	72.05 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Iluka Resources (OTCPK:ILKAY) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Iluka Resources had a gross margin of 72.05% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Iluka Resources Gross Profit Related Terms

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Iluka Resources (Iluka Resources) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

ILKAF:USA ILZ:Germany ILU:Australia

Address

240 St Georges Terrace, Level 17, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Iluka Resources is a leading global mineral sands miner. It is the largest global producer of zircon, and one of the largest producers of titanium dioxide feedstocks (rutile, synthetic rutile). Low zircon costs are underpinned by the high-grade Jacinth-Ambrosia mine in South Australia but reserve life is less than 10 years. A 20% shareholding in Deterra Royalties brings exposure to the high-quality Mining Area C iron ore royalty. Iluka is constructing its West Balranald rutile and zircon mine while also building a rare-earth refinery at Eneabba, which will be able to process Iluka's existing monazite stockpile as well as feed from third parties and future Iluka projects.