Persistence Resources Group (HKSE:02489) Gross Margin % : 48.65% (As of Dec. 2023)

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What is Persistence Resources Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Persistence Resources Group's Gross Profit for the six months ended in Dec. 2023 was HK$99.4 Mil. Persistence Resources Group's Revenue for the six months ended in Dec. 2023 was HK$204.3 Mil. Therefore, Persistence Resources Group's Gross Margin % for the quarter that ended in Dec. 2023 was 48.65%.

The historical rank and industry rank for Persistence Resources Group's Gross Margin % or its related term are showing as below:

HKSE:02489' s Gross Margin % Range Over the Past 10 Years
Min: 47.79 Med: 53.13 Max: 56.52
Current: 47.79

During the past 4 years, the highest Gross Margin % of Persistence Resources Group was 56.52%. The lowest was 47.79%. And the median was 53.13%.

HKSE:02489's Gross Margin % is ranked better than
83.29% of 706 companies
in the Metals & Mining industry
Industry Median: 19.02 vs HKSE:02489: 47.79

Persistence Resources Group had a gross margin of 48.65% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Persistence Resources Group was 0.00% per year.

Persistence Resources Group Gross Margin % Historical Data

The historical data trend for Persistence Resources Group's Gross Margin % 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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Persistence Resources Group Gross Margin % Chart

Persistence Resources Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

54.01

56.52

52.24

47.79

Persistence Resources Group Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			-	54.00	50.35	46.98	48.65

Competitive Comparison of Persistence Resources Group's Gross Margin %

For the Gold subindustry, Persistence Resources Group's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

Persistence Resources Group's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Persistence Resources Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Persistence Resources Group's Gross Margin % falls into.

Persistence Resources Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Persistence Resources Group's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	200.4	/	419.424
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(419.424 - 218.986)	/	419.424
	=	47.79 %

Persistence Resources Group'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 )
	=	99.4	/	204.322
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(204.322 - 104.929)	/	204.322
	=	48.65 %

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.

Persistence Resources Group (HKSE:02489) Gross Margin % 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

Persistence Resources Group had a gross margin of 48.65% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Persistence Resources Group Gross Margin % Related Terms

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Persistence Resources Group (HKSE:02489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Persistence Resources Group Ltd (HKSE:02489) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Centra, Level 20, Infinitus Plaza, Hong Kong, HKG

Website

http://www.persistenceresource.com

Persistence Resources Group Ltd is a gold exploration, mining and processing company. It operates the Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Yantai city of Shandong Province of China. The group has one reportable operating segment which is mining and processing gold that is ultimately sold as gold bullion.

Persistence Resources Group (HKSE:02489) Headlines

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