Tasman Resources's gross profit for the
six
months ended in Dec. 2024 was $0.56 Mil. Tasman Resources's gross profit for the trailing twelve months (TTM) ended in Dec. 2024 was $1.09 Mil.
Tasman Resources had a gross margin of 65.69% for the quarter that ended in Dec. 2024 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Tasman Resources was 84.14%. The lowest was 53.94%. And the median was 68.78%.
Warning Sign:
Tasman Resources Ltd gross margin has been in long-term decline. The average rate of decline per year is -3.9%.
Tasman Resources Gross Profit Historical Data
The historical data trend for Tasman Resources'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.
Competitive Comparison of Tasman Resources's Gross Profit
For the Other Industrial Metals & Mining subindustry, Tasman Resources'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.
Tasman Resources's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Tasman Resources's Gross Profit distribution charts can be found below:
* The bar in red indicates where Tasman Resources's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was $1.09 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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
Tasman Resources had a gross margin of 65.69% for the quarter that ended in Dec. 2024 => Durable competitive advantage
Tasman Resources Gross Profit Related Terms
Thank you for viewing the detailed overview of Tasman Resources's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Tasman Resources Ltd is an Australian exploration company. The company is focusing on exploration projects with the potential to deposit a wide range of precious and base metals including gold, silver, copper, zinc, nickel, and uranium. Its projects are Lake Torrens Project, Pernatty Project and Vulcan prospect. The company's segments include Tasman Resources Ltd and Eden Innovations. It generates maximum revenue from the Eden Innovations segment.
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