Star Royalties (TSXV:STRR) Gross Margin % : 45.36% (As of Dec. 2023)

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What is Star Royalties Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Star Royalties's Gross Profit for the three months ended in Dec. 2023 was C$0.13 Mil. Star Royalties's Revenue for the three months ended in Dec. 2023 was C$0.28 Mil. Therefore, Star Royalties's Gross Margin % for the quarter that ended in Dec. 2023 was 45.36%.

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

TSXV:STRR' s Gross Margin % Range Over the Past 10 Years
Min: 36.76 Med: 44.47 Max: 53.29
Current: 53.27

During the past 5 years, the highest Gross Margin % of Star Royalties was 53.29%. The lowest was 36.76%. And the median was 44.47%.

TSXV:STRR's Gross Margin % is ranked better than
85.92% of 703 companies
in the Metals & Mining industry
Industry Median: 19.14 vs TSXV:STRR: 53.27

Star Royalties had a gross margin of 45.36% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Star Royalties was 0.00% per year.

Star Royalties Gross Margin % Historical Data

The historical data trend for Star Royalties'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.

* Premium members only.

Star Royalties Gross Margin % Chart

Star Royalties Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

38.46

36.76

50.47

53.29

Star Royalties Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial												54.09	62.26	50.00	52.45	45.36

Competitive Comparison of Star Royalties's Gross Margin %

For the Other Precious Metals & Mining subindustry, Star Royalties'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.

Star Royalties's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Star Royalties's Gross Margin % falls into.

Star Royalties Gross Margin % Calculation

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

Star Royalties'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 )
	=	0.7	/	1.261
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.261 - 0.589)	/	1.261
	=	53.29 %

Star Royalties'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 )
	=	0.1	/	0.28
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.28 - 0.153)	/	0.28
	=	45.36 %

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.

Star Royalties (TSXV:STRR) 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

Star Royalties had a gross margin of 45.36% 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.

Star Royalties Gross Margin % Related Terms

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Star Royalties (TSXV:STRR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Star Royalties Ltd (TSXV:STRR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

STRFF:USA

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.starroyalties.com

Star Royalties Ltd is a precious metals and carbon credit royalty and streaming company. The company has developed its carbon credit royalties in forestry and regenerative agriculture. The group offers investors exposure to precious metals and carbon credits by originating high-quality royalties and streams. The company's assets comprise Elk Gold, Copperstone, Keysbrook, Baavhai Uul, and others. The Company organizes and manages the business under Star Royalties and Green Star joint venture. Geographically, the company operates in The United States, Canada, Australia and Mongolia.

Executives