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Ecora Resources (Ecora Resources) Gross Margin % : 82.18% (As of Dec. 2023)


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What is Ecora Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Ecora Resources's Gross Profit for the six months ended in Dec. 2023 was $15.75 Mil. Ecora Resources's Revenue for the six months ended in Dec. 2023 was $19.17 Mil. Therefore, Ecora Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 82.18%.

Warning Sign:

Ecora Resources PLC gross margin has been in long-term decline. The average rate of decline per year is -1.7%.


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

ECRAF' s Gross Margin % Range Over the Past 10 Years
Min: 70.37   Med: 85.61   Max: 93.55
Current: 85.78


During the past 13 years, the highest Gross Margin % of Ecora Resources was 93.55%. The lowest was 70.37%. And the median was 85.61%.

ECRAF's Gross Margin % is ranked better than
95.62% of 707 companies
in the Metals & Mining industry
Industry Median: 19.17 vs ECRAF: 85.78

Ecora Resources had a gross margin of 82.18% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Ecora Resources was -1.70% per year.


Ecora Resources Gross Margin % Historical Data

The historical data trend for Ecora 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.

Ecora Resources Gross Margin % Chart

Ecora Resources 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 93.22 83.77 77.85 90.40 85.78

Ecora 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 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 80.30 90.43 90.36 87.39 82.18

Competitive Comparison of Ecora Resources's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Ecora 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.


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

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

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



Ecora Resources Gross Margin % Calculation

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

Ecora Resources'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 )
=53.1 / 61.9
=(Revenue - Cost of Goods Sold) / Revenue
=(61.9 - 8.805) / 61.9
=85.78 %

Ecora 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 )
=15.8 / 19.165
=(Revenue - Cost of Goods Sold) / Revenue
=(19.165 - 3.415) / 19.165
=82.18 %

* 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.


Ecora Resources  (OTCPK:ECRAF) 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

Ecora Resources had a gross margin of 82.18% for the quarter that ended in Dec. 2023 => Durable 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.


Ecora Resources Gross Margin % Related Terms

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


Ecora Resources (Ecora Resources) Business Description

Traded in Other Exchanges
Address
Kent House, 14–17 Market Place, 3rd Floor North, London, GBR, W1W 8AJ
Ecora Resources PLC is engaged in obtaining royalties from a diversified portfolio focusing primarily on base metals and bulk materials. It focuses on commodities such as Copper; Nickel; Iron Ore; Gold; Cobalt; Vanadium; Met Coal and Uranium. Some of its assets include Voisey's Bay; Mantos Blancos; Maracas Menchen and others.