Southern Alliance Mining (SGX:QNS) Gross Margin % : 1.39% (As of Jan. 2024)

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What is Southern Alliance Mining Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Southern Alliance Mining's Gross Profit for the six months ended in Jan. 2024 was S$0.37 Mil. Southern Alliance Mining's Revenue for the six months ended in Jan. 2024 was S$26.30 Mil. Therefore, Southern Alliance Mining's Gross Margin % for the quarter that ended in Jan. 2024 was 1.39%.

The historical rank and industry rank for Southern Alliance Mining's Gross Margin % or its related term are showing as below:

SGX:QNS' s Gross Margin % Range Over the Past 10 Years
Min: -40 Med: 15.67 Max: 53.68
Current: 2

During the past 7 years, the highest Gross Margin % of Southern Alliance Mining was 53.68%. The lowest was -40.00%. And the median was 15.67%.

SGX:QNS's Gross Margin % is ranked worse than
88.85% of 583 companies
in the Steel industry
Industry Median: 13.08 vs SGX:QNS: 2.00

Southern Alliance Mining had a gross margin of 1.39% for the quarter that ended in Jan. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Southern Alliance Mining was 0.00% per year.

Southern Alliance Mining Gross Margin % Historical Data

The historical data trend for Southern Alliance Mining'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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Southern Alliance Mining Gross Margin % Chart

Southern Alliance Mining Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Gross Margin %

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32.76

42.13

53.68

15.67

-0.67

Southern Alliance Mining Semi-Annual Data
	Jul17	Jul18	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Gross Margin %	Get a 7-Day Free Trial							34.00	-6.84	-5.41	2.77	1.39

Competitive Comparison of Southern Alliance Mining's Gross Margin %

For the Steel subindustry, Southern Alliance Mining'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.

Southern Alliance Mining's Gross Margin % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Southern Alliance Mining's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Southern Alliance Mining's Gross Margin % falls into.

Southern Alliance Mining Gross Margin % Calculation

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

Southern Alliance Mining's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as

Gross Margin % (A: Jul. 2023 )	=	Gross Profit (A: Jul. 2023 )	/	Revenue (A: Jul. 2023 )
	=	-0.2	/	36.085
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(36.085 - 36.327)	/	36.085
	=	-0.67 %

Southern Alliance Mining's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0.4	/	26.295
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(26.295 - 25.929)	/	26.295
	=	1.39 %

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.

Southern Alliance Mining (SGX:QNS) 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

Southern Alliance Mining had a gross margin of 1.39% for the quarter that ended in Jan. 2024 => No sustainable 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.

Southern Alliance Mining Gross Margin % Related Terms

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Southern Alliance Mining (SGX:QNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Southern Alliance Mining Ltd (SGX:QNS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Putra Square 6, Level 8, Menara Zenith, Putra Square, Kuantan, PHG, MYS, 25200

Website

https://www.southernalliancemining.com

Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale.The principal activities of the Company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore which includes processed iron ore concentrate typically sold to steel mills or traders; and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine an open pit mine located at the southwest of the township of Chaah.

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