California Gold Mining (California Gold Mining) Gross Margin % : 0.00% (As of May. 2021)

California Gold Mining Gross Margin % Chart

California Gold Mining Annual Data
	Trend	Aug11	Aug12	Aug13	Aug14	Aug15	Aug16	Aug17	Aug18	Aug19	Aug20
Gross Margin %		Get a 7-Day Free Trial					-	-	-	-	-26.54

California Gold Mining Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Gross Margin %	Get a 7-Day Free Trial															-	-14.62	-	-	-

Competitive Comparison of California Gold Mining's Gross Margin %

For the Gold subindustry, California Gold Mining'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.

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

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

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

California Gold Mining Gross Margin % Calculation

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

California Gold Mining's Gross Margin for the fiscal year that ended in Aug. 2020 is calculated as

California Gold Mining's Gross Margin for the quarter that ended in May. 2021 is calculated as

* 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.

California Gold Mining  (OTCPK:CFGMF) 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

California Gold Mining had a gross margin of % for the quarter that ended in May. 2021 => 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.

California Gold Mining Gross Margin % Related Terms

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California Gold Mining (California Gold Mining) Business Description