Spartan Resources (ASX:SPR) Gross Margin % : 0.00% (As of Dec. 2023)

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What is Spartan Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Spartan Resources's Gross Profit for the six months ended in Dec. 2023 was A$0.00 Mil. Spartan Resources's Revenue for the six months ended in Dec. 2023 was A$0.00 Mil. Therefore, Spartan Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

ASX:SPR' s Gross Margin % Range Over the Past 10 Years
Min: -1529.82 Med: 19.35 Max: 51.59
Current: -1529.82

During the past 13 years, the highest Gross Margin % of Spartan Resources was 51.59%. The lowest was -1529.82%. And the median was 19.35%.

ASX:SPR's Gross Margin % is ranked worse than
99.01% of 708 companies
in the Metals & Mining industry
Industry Median: 19.17 vs ASX:SPR: -1529.82

Spartan Resources had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Spartan Resources was 0.00% per year.

Spartan Resources Gross Margin % Historical Data

The historical data trend for Spartan Resources'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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Spartan Resources Gross Margin % Chart

Spartan Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

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9.39

37.05

51.59

19.35

-7.60

Spartan Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-4.45	39.62	-1.79	-1,529.82	-

Competitive Comparison of Spartan Resources's Gross Margin %

For the Gold subindustry, Spartan Resources'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.

Spartan Resources's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Spartan Resources's Gross Margin % falls into.

Spartan Resources Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Spartan Resources's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	-4.4	/	57.36
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(57.36 - 61.717)	/	57.36
	=	-7.60 %

Spartan Resources'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 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

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.

Spartan Resources (ASX:SPR) 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

Spartan Resources had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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.

Spartan Resources Gross Margin % Related Terms

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Spartan Resources (ASX:SPR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Spartan Resources Ltd (ASX:SPR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GYYSF:USA 6G40:Germany

Address

41-47 Colin Street, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.gascoyneresources.com.au

Spartan Resources Ltd Formerly Gascoyne Resources Ltd engages in the exploration and development of gold projects in Western Australia. The company holds an interest in the Dalgaranga gold project located in the Murchison region of Western Australia; the Glenburgh gold project located in the Gascoyne region of Western Australia and the Egerton gold project located in the Gascoyne region of Western Australia.