Champion Iron (ASX:CIA) Gross Profit : A$691 Mil (TTM As of Dec. 2023)

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What is Champion Iron Gross Profit?

Champion Iron's gross profit for the three months ended in Dec. 2023 was A$266 Mil. Champion Iron's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$691 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Champion Iron's gross profit for the three months ended in Dec. 2023 was A$266 Mil. Champion Iron's Revenue for the three months ended in Dec. 2023 was A$564 Mil. Therefore, Champion Iron's Gross Margin % for the quarter that ended in Dec. 2023 was 47.06%.

Champion Iron had a gross margin of 47.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage

During the past 11 years, the highest Gross Margin % of Champion Iron was 65.59%. The lowest was 32.35%. And the median was 46.33%.

Champion Iron Gross Profit Historical Data

The historical data trend for Champion Iron'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.

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Champion Iron Gross Profit Chart

Champion Iron Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Gross Profit

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304.80

418.95

843.85

1,026.32

494.06

Champion Iron 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															121.58	193.77	65.90	165.33	265.65

Competitive Comparison of Champion Iron's Gross Profit

For the Steel subindustry, Champion Iron'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.

Champion Iron's Gross Profit Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Champion Iron's Gross Profit distribution charts can be found below:

* The bar in red indicates where Champion Iron's Gross Profit falls into.

Champion Iron Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Champion Iron's Gross Profit for the fiscal year that ended in Mar. 2023 is calculated as

Gross Profit (A: Mar. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	1527.327	-	1033.268
	=	494

Champion Iron's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	564.472	-	298.82
	=	266

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 A$691 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Champion Iron'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
	=	266	/	564.472
	=	47.06 %

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.

Champion Iron (ASX:CIA) 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

Champion Iron had a gross margin of 47.06% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Champion Iron Gross Profit Related Terms

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Champion Iron (ASX:CIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Champion Iron Ltd (ASX:CIA) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

CIAFF:USA MMPI:Germany CIA:Canada

Address

91 Evans Street, Level 1, Rozelle, Sydney, NSW, AUS, 2039

Website

https://www.championiron.com

Champion Iron Ltd is engaged in the exploration and development of iron ore properties in Quebec, Canada. The company projects include Fire Lake North, Powderhorn/Gullbridge, Moire, Quinto Claims, Harvey Tuttle, O'keefe-Purdy, and others. Its segment includes Iron Ore Concentrate; Exploration and Evaluation and Corporate. The company generates maximum revenue from the Iron Ore Concentrate segment.