Newlox Gold Ventures (XCNQ:LUX) Gross Margin % : 30.61% (As of Dec. 2023)

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What is Newlox Gold Ventures Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Newlox Gold Ventures's Gross Profit for the three months ended in Dec. 2023 was C$0.16 Mil. Newlox Gold Ventures's Revenue for the three months ended in Dec. 2023 was C$0.53 Mil. Therefore, Newlox Gold Ventures's Gross Margin % for the quarter that ended in Dec. 2023 was 30.61%.

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

XCNQ:LUX' s Gross Margin % Range Over the Past 10 Years
Min: -28.81 Med: 10.22 Max: 53.51
Current: 42.49

During the past 12 years, the highest Gross Margin % of Newlox Gold Ventures was 53.51%. The lowest was -28.81%. And the median was 10.22%.

XCNQ:LUX's Gross Margin % is ranked better than
75.56% of 225 companies
in the Waste Management industry
Industry Median: 28.65 vs XCNQ:LUX: 42.49

Newlox Gold Ventures had a gross margin of 30.61% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Newlox Gold Ventures was 0.00% per year.

Newlox Gold Ventures Gross Margin % Historical Data

The historical data trend for Newlox Gold Ventures'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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Newlox Gold Ventures Gross Margin % Chart

Newlox Gold Ventures Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Margin %

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-10.27

-28.81

48.08

53.51

Newlox Gold Ventures Quarterly Data
	Mar19	Jun19	Sep19	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															79.60	20.24	79.42	20.66	30.61

Competitive Comparison of Newlox Gold Ventures's Gross Margin %

For the Waste Management subindustry, Newlox Gold Ventures'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.

Newlox Gold Ventures's Gross Margin % Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Newlox Gold Ventures's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Newlox Gold Ventures's Gross Margin % falls into.

Newlox Gold Ventures Gross Margin % Calculation

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

Newlox Gold Ventures's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	1.9	/	3.472
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3.472 - 1.614)	/	3.472
	=	53.51 %

Newlox Gold Ventures'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 )
	=	0.2	/	0.526
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.526 - 0.365)	/	0.526
	=	30.61 %

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.

Newlox Gold Ventures (XCNQ:LUX) 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

Newlox Gold Ventures had a gross margin of 30.61% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Newlox Gold Ventures Gross Margin % Related Terms

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Newlox Gold Ventures (XCNQ:LUX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Newlox Gold Ventures Corp (XCNQ:LUX) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

NWLXF:USA NGO:Germany

Address

355 Burrard Street, 10th Floor, Vancouver, BC, CAN, V6C 2G8

Website

https://www.newloxgold.com

Newlox Gold Ventures Corp is a Canada based environmental reclamation and mineral recovery company and is in the business of undertaking projects for the purpose of operating tailings remediation and fold recovery in Costa Rica.