Teck Resources (Teck Resources) Gross Margin %

: 30.09% (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

Gross Margin % is calculated as gross profit divided by its revenue. Teck Resources's Gross Profit for the three months ended in Dec. 2023 was $921 Mil. Teck Resources's Revenue for the three months ended in Dec. 2023 was $3,062 Mil. Therefore, Teck Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 30.09%.

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

TECK' s Gross Margin % Range Over the Past 10 Years
Min: 14.9 Med: 31.13 Max: 49.5
Current: 34.26

During the past 13 years, the highest Gross Margin % of Teck Resources was 49.50%. The lowest was 14.90%. And the median was 31.13%.

TECK's Gross Margin % is ranked better than
68.09% of 705 companies
in the Metals & Mining industry
Industry Median: 19.63 vs TECK: 34.26

Teck Resources had a gross margin of 30.09% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Teck Resources was 7.00% per year.

Teck Resources Gross Margin % Historical Data

The historical data trend for Teck Resources'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.

Teck Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

27.99

14.90

40.84

49.50

34.26

Teck Resources 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															36.75	44.02	40.07	23.09	30.09

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Teck Resources'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.

Teck Resources Gross Margin % Distribution

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

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

Teck Resources Gross Margin % Calculation

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

Teck Resources'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 )
	=	3833.5	/	11188.879
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11188.879 - 7355.397)	/	11188.879
	=	34.26 %

Teck Resources'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 )
	=	921.3	/	3062.016
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3062.016 - 2140.728)	/	3062.016
	=	30.09 %

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.

Teck Resources (NYSE:TECK) 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

Teck Resources had a gross margin of 30.09% 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.

Teck Resources Gross Margin % Related Terms

Thank you for viewing the detailed overview of Teck Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Teck Resources (Teck Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Teck Resources Ltd (NYSE:TECK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

TCKRF:USA TECK:Mexico TEKB:Germany TECK.B:Canada TECK.A:Canada

Address

550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3

Website

https://www.teck.com

Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.