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GFG Resources (FRA:2GQ) Gross Margin % : 0.00% (As of Mar. 2024)


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What is GFG Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. GFG Resources's Gross Profit for the three months ended in Mar. 2024 was €-0.01 Mil. GFG Resources's Revenue for the three months ended in Mar. 2024 was €0.00 Mil. Therefore, GFG Resources's Gross Margin % for the quarter that ended in Mar. 2024 was 0.00%.


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


FRA:2GQ's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 19.27
* Ranked among companies with meaningful Gross Margin % only.

GFG Resources had a gross margin of % for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

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


GFG Resources Gross Margin % Historical Data

The historical data trend for GFG 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.

* Premium members only.

GFG Resources Gross Margin % Chart

GFG Resources Annual Data
Trend Feb14 Feb15 Feb16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Gross Margin %
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GFG Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of GFG Resources's Gross Margin %

For the Gold subindustry, GFG 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.


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

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

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



GFG Resources Gross Margin % Calculation

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

GFG 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 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.024) / 0
= %

GFG Resources'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 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.006) / 0
= %

* 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.


GFG Resources  (FRA:2GQ) 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

GFG Resources had a gross margin of % for the quarter that ended in Mar. 2024 => 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.


GFG Resources Gross Margin % Related Terms

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GFG Resources (FRA:2GQ) Business Description

Traded in Other Exchanges
Address
202-640 Broadway Avenue, Saskatoon, SK, CAN, S7N 1A9
GFG Resources Inc is a precious metals exploration company. Its principal business is to acquire, explore, and develop interests in exploration and evaluation assets. The company holds an interest in the Rattlesnake Hills Gold Property which is located southwest of Casper in Central Wyoming, U.S., and Pen Gold and Dore Gold Projects located in Ontario, Canada.

GFG Resources (FRA:2GQ) Headlines

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