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A-Mark Precious Metals's gross profit for the three months ended in Dec. 2023 was $46 Mil. A-Mark Precious Metals's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $250 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. A-Mark Precious Metals's gross profit for the three months ended in Dec. 2023 was $46 Mil. A-Mark Precious Metals's Revenue for the three months ended in Dec. 2023 was $2,079 Mil. Therefore, A-Mark Precious Metals's Gross Margin % for the quarter that ended in Dec. 2023 was 2.21%.
A-Mark Precious Metals had a gross margin of 2.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of A-Mark Precious Metals was 3.21%. The lowest was 0.39%. And the median was 0.59%.
The historical data trend for A-Mark Precious Metals's Gross Profit 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.
A-Mark Precious Metals Annual Data | |||||||||||||||||||||
Trend | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 31.96 | 66.97 | 210.20 | 261.77 | 294.67 |
A-Mark Precious Metals Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Profit | Get a 7-Day Free Trial | 63.97 | 75.50 | 78.61 | 49.41 | 46.04 |
For the Capital Markets subindustry, A-Mark Precious Metals's Gross Profit, along with its competitors' market caps and Gross Profit 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.
For the Capital Markets industry and Financial Services sector, A-Mark Precious Metals's Gross Profit distribution charts can be found below:
* The bar in red indicates where A-Mark Precious Metals's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
A-Mark Precious Metals's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit (A: Jun. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 9286.561 | - | 8991.892 | |
= | 295 |
A-Mark Precious Metals's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 2078.815 | - | 2032.774 | |
= | 46 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $250 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
A-Mark Precious Metals'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 ) |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | 46 | / | 2078.815 | |
= | 2.21 % |
* 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.
A-Mark Precious Metals (NAS:AMRK) Gross Profit 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
A-Mark Precious Metals had a gross margin of 2.21% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of A-Mark Precious Metals's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Michael R. Wittmeyer | director | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
Brian Aquilino | officer: Chief Operating Officer | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
Beverley Lepine | director | 429 SANTA MONICA BLVD., SUITE 230, SANTA MONICA CA 90401 |
Carol Meltzer | officer: EVP, Gen. Counsel & Secretary | 775 PASSAIC AVE, WEST CALDWELL NJ 07006 |
Gregory N Roberts | director, 10 percent owner, officer: Chief Executive Officer | 2625 ST ANDREWS, TUSTIN CA 92660 |
Thor Gjerdrum | officer: President | 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801 |
Jeffrey D Benjamin | director, 10 percent owner | 9 WEST 57TH STREET, 43TH FLOOR, NEW YORK NY 10019 |
Jess M Ravich | director | 11766 WILSHIRE BOULEVARD, SUITE 870, LOS ANGELES CA 90025 |
Kendall Saville | director | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
Moorhead John | director | 5 FRANCIS J. CLARKE CIRCLE, BETHEL CT 06801 |
William A Richardson | 10 percent owner | 2880 LAS VEGAS BLVD SOUTH, LAS VEGAS NV 89109 |
Kathleen Taylor-simpson | officer: Chief Financial Officer | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
A-mark Precious Metals, Inc. | director | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
Monique Sanchez | director | 2121 ROSECRANS AVENUE, SUITE 6300, EL SEGUNDO CA 90245 |
Ellis Landau | director | CO PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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