The historical rank and industry rank for Patriot Gold's Gross Margin % or its related term are showing as below:
PGOL'
s Gross Margin % Range Over the Past 10 Years
Min: -34.04 Med: 74.41 Max: 94.34
Current: 77.93
During the past 13 years, the highestGross Margin % of Patriot Gold was 94.34%. The lowest was -34.04%. And the median was 74.41%.
PGOL's Gross Margin % is ranked better than 94.89% of 704
companies
in the Metals & Mining industry
Industry Median: 19.33
vs PGOL: 77.93
Patriot Gold had a gross margin of 62.28% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Patriot Gold was 0.00% per year.
Patriot Gold Gross Margin % Historical Data
The historical data trend for Patriot Gold'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.
Competitive Comparison of Patriot Gold's Gross Margin %
For the Gold subindustry, Patriot Gold'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.
Patriot Gold's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Patriot Gold's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Patriot Gold's Gross Margin % falls into.
* 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.
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.
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
Patriot Gold had a gross margin of 62.28% 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.
Patriot Gold Gross Margin % Related Terms
Thank you for viewing the detailed overview of Patriot Gold's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Patriot Gold Corp is a natural resource exploration and mining company, engaged in acquiring, exploring, and developing natural resource properties in Nevada. The company principally focuses on the gold sector. The group's portfolio consists of a number of projects, including the Moss Mine Royalty, the Vernal Gold Project, the Windy Peak Gold Project, and the Rainbow Mountain Gold Project.
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