Resolute Mining (Resolute Mining) Gross Margin % : 14.16% (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Resolute Mining Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Resolute Mining's Gross Profit for the six months ended in Dec. 2023 was $42.7 Mil. Resolute Mining's Revenue for the six months ended in Dec. 2023 was $301.6 Mil. Therefore, Resolute Mining's Gross Margin % for the quarter that ended in Dec. 2023 was 14.16%.

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

RMGGF' s Gross Margin % Range Over the Past 10 Years
Min: 8.48 Med: 14.77 Max: 32.69
Current: 17.96

During the past 13 years, the highest Gross Margin % of Resolute Mining was 32.69%. The lowest was 8.48%. And the median was 14.77%.

RMGGF's Gross Margin % is ranked worse than
52.84% of 704 companies
in the Metals & Mining industry
Industry Median: 19.33 vs RMGGF: 17.96

Resolute Mining had a gross margin of 14.16% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Resolute Mining was 5.50% per year.

Resolute Mining Gross Margin % Historical Data

The historical data trend for Resolute Mining'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.

Resolute Mining Gross Margin % Chart

Resolute Mining Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

Get a 7-Day Free Trial

9.25

9.52

8.48

14.09

17.96

Resolute Mining 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															2.62	16.40	11.89	21.44	14.16

Competitive Comparison of Resolute Mining's Gross Margin %

For the Gold subindustry, Resolute 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.

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

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

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

Resolute Mining Gross Margin % Calculation

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

Resolute Mining'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 )
	=	113.3	/	631.073
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(631.073 - 517.735)	/	631.073
	=	17.96 %

Resolute Mining'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 )
	=	42.7	/	301.574
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(301.574 - 258.869)	/	301.574
	=	14.16 %

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.

Resolute Mining (OTCPK:RMGGF) 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

Resolute Mining had a gross margin of 14.16% 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.

Resolute Mining Gross Margin % Related Terms

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

Resolute Mining (Resolute Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Resolute Mining Ltd (OTCPK:RMGGF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

RSG:UK RSM:Germany RSG:Australia

Address

152 St Georges Terrace, Level 37, Central Park Tower, Perth, WA, AUS, 6000

Website

https://www.rml.com.au

Resolute Mining Ltd is an Australia-based gold producer. Its principal activities include gold mining, prospecting, and exploration of minerals. The company organizes its operations into three main business divisions, namely: Mako (Senegal), and Syama (Mali). The firm generates the majority of its revenue from the Syama (Mali) segment. Syama is a robust, long-life asset comprising an underground mine and associated sulphide processing circuit, along with satellite open pit operations which provide ore feed to a separate oxide processing circuit. Mako is a high-quality, open-pit gold mine.