Austral Gold (ASX:AGD) Gross Margin % : 34.58% (As of Jun. 2024)

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What is Austral Gold Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Austral Gold's Gross Profit for the six months ended in Jun. 2024 was A$9.93 Mil. Austral Gold's Revenue for the six months ended in Jun. 2024 was A$28.73 Mil. Therefore, Austral Gold's Gross Margin % for the quarter that ended in Jun. 2024 was 34.58%.

Warning Sign:

Austral Gold Ltd gross margin has been in long-term decline. The average rate of decline per year is -38.8%.

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

ASX:AGD' s Gross Margin % Range Over the Past 10 Years
Min: -14.96 Med: 38.63 Max: 61.38
Current: -14.96

During the past 13 years, the highest Gross Margin % of Austral Gold was 61.38%. The lowest was -14.96%. And the median was 38.63%.

ASX:AGD's Gross Margin % is ranked worse than
91.61% of 691 companies
in the Metals & Mining industry
Industry Median: 20.38 vs ASX:AGD: -14.96

Austral Gold had a gross margin of 34.58% for the quarter that ended in Jun. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Austral Gold was -38.80% per year.

Austral Gold Gross Margin % Historical Data

The historical data trend for Austral Gold'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.

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Austral Gold Gross Margin % Chart

Austral Gold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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45.90

61.38

38.07

20.59

1.14

Austral Gold Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Gross Margin %	Get a 7-Day Free Trial															45.63	-6.53	45.87	-63.95	34.58

Competitive Comparison of Austral Gold's Gross Margin %

For the Other Precious Metals & Mining subindustry, Austral Gold'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.

Austral Gold's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Austral Gold's Gross Margin % falls into.

Austral Gold Gross Margin % Calculation

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

Austral Gold'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 )
	=	0.8	/	71.307
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(71.307 - 70.491)	/	71.307
	=	1.14 %

Austral Gold's Gross Margin for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )	=	Gross Profit (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	9.9	/	28.725
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(28.725 - 18.793)	/	28.725
	=	34.58 %

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.

Austral Gold (ASX:AGD) 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

Austral Gold had a gross margin of 34.58% for the quarter that ended in Jun. 2024 => 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.

Austral Gold Gross Margin % Related Terms

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Austral Gold Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Austral Gold Ltd (ASX:AGD) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

AGLDF:USA AGLD:Canada

Address

126 Phillip Street, Level 5, Sydney, NSW, AUS, 2000

Website

https://www.australgold.com

Austral Gold Ltd is a precious metals mining and exploration company. It is engaged in the exploration and evaluation of mineral properties, gold, and silver production. The company has two operating segments, Guanaco/Amancaya which is based in Chile, and Casposo which is based in Argentina. The company generates the majority of its revenue from the Guanaco/Amancaya segment, particularly from Gold sales. The company exploration project includes Triassic Choiyoi Belt, Indio Belt, Deseado Massif.