The historical rank and industry rank for SilverCrest Mines's Gross Margin % or its related term are showing as below:
XSWX:SVL'
s Gross Margin % Range Over the Past 10 Years
Min: 43.98 Med: 68.9 Max: 77.25
Current: 43.98
During the past 13 years, the highestGross Margin % of SilverCrest Mines was 77.25%. The lowest was 43.98%. And the median was 68.90%.
XSWX:SVL's Gross Margin % is not ranked
in the Metals & Mining industry.
Industry Median: 19.27
vs XSWX:SVL: 43.98
SilverCrest Mines had a gross margin of 50.05% for the quarter that ended in Jun. 2015 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for SilverCrest Mines was 0.00% per year.
SilverCrest Mines Gross Margin % Historical Data
The historical data trend for SilverCrest Mines'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 SilverCrest Mines's Gross Margin %
For the Gold subindustry, SilverCrest Mines'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.
SilverCrest Mines's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, SilverCrest Mines's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SilverCrest Mines'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
SilverCrest Mines had a gross margin of 50.05% for the quarter that ended in Jun. 2015 => 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.
SilverCrest Mines Gross Margin % Related Terms
Thank you for viewing the detailed overview of SilverCrest Mines's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
SilverCrest Mines Inc was incorporated on May 22, 1973 under the laws of Ontario as Equitable Mines Limited and changed its name to Magic Foods Inc. on July 24, 1985. The Company was continued on May 15, 1998 under the laws of British Columbia as "Lucre Ventures Ltd. The name of the Company was changed to "Strathclair Ventures Ltd." on September 5, 2001 and to "SilverCrest Mines Inc." on May 23, 2003. The Company is a Canadian precious metals producer with a silver and gold asset base and an operating mine located in Mexico. The Company's principal property is the 100% owned Santa Elena Project, which includes the Santa Elena Mine, located 150 kilometres northeast of Hermosillo, near Banamichi in the State of Sonora, Mexico. The Santa Elena Mine is a high-grade, epithermal silver and gold deposit that is currently being operated as an open pit heap leach operation. The Company's other principal property is the La Joya Property in Durango state, Mexico which contains a large polymetallic deposit that is being explored with the aim of developing silver, copper, gold and tungsten resources. The Company also has a portfolio of other mineral properties, which comprise of the Cruz de Mayo Project (Mexico), the Ermitano Property (Mexico), the Silver Angel Project (Mexico) and the El Zapote Project (El Salvador).
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