Cameco (Cameco) Gross Margin %

: 15.73% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Cameco's Gross Profit for the three months ended in Dec. 2023 was $99 Mil. Cameco's Revenue for the three months ended in Dec. 2023 was $629 Mil. Therefore, Cameco's Gross Margin % for the quarter that ended in Dec. 2023 was 15.73%.

Warning Sign:

Cameco Corp gross margin has been in long-term decline. The average rate of decline per year is -5%.

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

CCJ' s Gross Margin % Range Over the Past 10 Years
Min: 0.13 Med: 16.6 Max: 26.6
Current: 21.71

During the past 13 years, the highest Gross Margin % of Cameco was 26.60%. The lowest was 0.13%. And the median was 16.60%.

CCJ's Gross Margin % is ranked worse than
66.67% of 123 companies
in the Other Energy Sources industry
Industry Median: 31.34 vs CCJ: 21.71

Cameco had a gross margin of 15.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cameco was -5.00% per year.

Cameco Gross Margin % Historical Data

The historical data trend for Cameco'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.

Cameco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

12.97

5.91

0.13

12.49

21.70

Cameco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																12.48	24.34	22.82	26.39	15.73

Competitive Comparison

For the Uranium subindustry, Cameco'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.

Cameco Gross Margin % Distribution

For the Other Energy Sources industry and Energy sector, Cameco's Gross Margin % distribution charts can be found below:

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

Cameco Gross Margin % Calculation

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

Cameco'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 )
	=	418.7	/	1928.86
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1928.86 - 1510.206)	/	1928.86
	=	21.70 %

Cameco'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 )
	=	98.9	/	628.889
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(628.889 - 529.96)	/	628.889
	=	15.73 %

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.

Cameco (NYSE:CCJ) 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

Cameco had a gross margin of 15.73% for the quarter that ended in Dec. 2023 => 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.

Cameco Gross Margin % Related Terms

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Cameco (Cameco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Cameco Corp (NYSE:CCJ) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

CJ6:Germany CJ6:Germany CCO:Canada

Address

2121 - 11th Street West, Saskatoon, SK, CAN, S7M 1J3

Website

https://www.cameco.com

Cameco Corp is one of the world's largest uranium producers. When operating at normal production, the flagship McArthur River mine in Saskatchewan accounts for roughly 50% of output in normal market conditions. Amid years of uranium price weakness, the company has reduced production, instead purchasing from the spot market to meet contracted deliveries. In the long term, Cameco has the ability increase annual uranium production by restarting shut mines and investing in new ones. In addition to its large uranium mining business, Cameco operates uranium conversion and fabrication facilities.