PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Gross Profit

: €7,025 Mil (TTM As of Jun. 2023)

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PJSC Mining & Metallurgical Co Norilsk Nickel's gross profit for the six months ended in Jun. 2023 was €3,369 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's gross profit for the trailing twelve months (TTM) ended in Jun. 2023 was €7,025 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. PJSC Mining & Metallurgical Co Norilsk Nickel's gross profit for the six months ended in Jun. 2023 was €3,369 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's Revenue for the six months ended in Jun. 2023 was €6,610 Mil. Therefore, PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Margin % for the quarter that ended in Jun. 2023 was 50.97%.

PJSC Mining & Metallurgical Co Norilsk Nickel had a gross margin of 50.97% for the quarter that ended in Jun. 2023 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of PJSC Mining & Metallurgical Co Norilsk Nickel was 67.53%. The lowest was 43.42%. And the median was 55.91%.

PJSC Mining & Metallurgical Co Norilsk Nickel Gross Profit Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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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PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Profit

5,751.30

7,547.40

8,309.83

10,554.77

8,895.28

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Profit																5,096.20	5,120.87	5,250.30	3,656.08	3,368.95

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.

Annual Data Quarterly Data

PJSC Mining & Metallurgical Co Norilsk Nickel Gross Profit Distribution

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Profit distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.

PJSC Mining & Metallurgical Co Norilsk Nickel Gross Profit Calculation

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

PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )	=	Revenue	-	Cost of Goods Sold
	=	15008.675	-	6113.395
	=	8,895

PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit (Q: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	6609.603	-	3240.653
	=	3,369

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €7,025 Mil.

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

PJSC Mining & Metallurgical Co Norilsk Nickel's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

Gross Margin % (Q: Jun. 2023 )	=	Gross Profit (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	3,369	/	6609.603
	=	50.97 %

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.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) 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

PJSC Mining & Metallurgical Co Norilsk Nickel had a gross margin of 50.97% for the quarter that ended in Jun. 2023 => Durable competitive advantage

PJSC Mining & Metallurgical Co Norilsk Nickel Gross Profit Related Terms

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

GMKN:Russia

Address

15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100

Website

https://www.nornickel.com

PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Headlines

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