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B2Gold (B2Gold) Gross Margin % : 39.92% (As of Mar. 2024)


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What is B2Gold Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. B2Gold's Gross Profit for the three months ended in Mar. 2024 was $184 Mil. B2Gold's Revenue for the three months ended in Mar. 2024 was $461 Mil. Therefore, B2Gold's Gross Margin % for the quarter that ended in Mar. 2024 was 39.92%.


The historical rank and industry rank for B2Gold's Gross Margin % or its related term are showing as below:

BTG' s Gross Margin % Range Over the Past 10 Years
Min: 15.72   Med: 35.55   Max: 53.57
Current: 39.04


During the past 13 years, the highest Gross Margin % of B2Gold was 53.57%. The lowest was 15.72%. And the median was 35.55%.

BTG's Gross Margin % is ranked better than
74.12% of 707 companies
in the Metals & Mining industry
Industry Median: 19.17 vs BTG: 39.04

B2Gold had a gross margin of 39.92% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for B2Gold was 0.00% per year.


B2Gold Gross Margin % Historical Data

The historical data trend for B2Gold'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.

* Premium members only.

B2Gold Gross Margin % Chart

B2Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.98 53.57 43.61 34.88 40.33

B2Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.11 40.42 35.68 40.15 39.92

Competitive Comparison of B2Gold's Gross Margin %

For the Gold subindustry, B2Gold'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.


B2Gold's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, B2Gold's Gross Margin % distribution charts can be found below:

* The bar in red indicates where B2Gold's Gross Margin % falls into.



B2Gold Gross Margin % Calculation

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

B2Gold'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 )
=780 / 1934.272
=(Revenue - Cost of Goods Sold) / Revenue
=(1934.272 - 1154.271) / 1934.272
=40.33 %

B2Gold's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=184.2 / 461.444
=(Revenue - Cost of Goods Sold) / Revenue
=(461.444 - 277.218) / 461.444
=39.92 %

* 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.


B2Gold  (AMEX:BTG) 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

B2Gold had a gross margin of 39.92% for the quarter that ended in Mar. 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.


B2Gold Gross Margin % Related Terms

Thank you for viewing the detailed overview of B2Gold's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


B2Gold (B2Gold) Business Description

Address
666 Burrard Street, Park Place, Suite 3400, Vancouver, BC, CAN, V6C 2X8
B2Gold Corp is an international, low-cost, senior gold mining company. It has three operating open-pit gold mines in Mali, Namibia, and the Philippines and numerous exploration projects across four continents. Other significant assets include the Gramalote and Kiaka gold projects. The company focuses on acquiring and developing interests in mineral properties with a primary focus on gold deposits as gold production forms all its revenue. There is no dependence on a particular purchaser because the gold is sold into a global market. The company's reportable operating segments include its mining operations and development projects, namely Fekola; Masbate; Otjikoto; other mineral properties; and corporate and other. It generates maximum revenue from the Fekola mine segment in Mali.