Eastern Platinum (TSX:ELR) Gross Margin % : 33.66% (As of Mar. 2024)

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What is Eastern Platinum Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Eastern Platinum's Gross Profit for the three months ended in Mar. 2024 was C$7.2 Mil. Eastern Platinum's Revenue for the three months ended in Mar. 2024 was C$21.3 Mil. Therefore, Eastern Platinum's Gross Margin % for the quarter that ended in Mar. 2024 was 33.66%.

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

TSX:ELR' s Gross Margin % Range Over the Past 10 Years
Min: -3.06 Med: 14.09 Max: 31.42
Current: 31.42

During the past 13 years, the highest Gross Margin % of Eastern Platinum was 31.42%. The lowest was -3.06%. And the median was 14.09%.

TSX:ELR's Gross Margin % is ranked better than
66.34% of 707 companies
in the Metals & Mining industry
Industry Median: 19.17 vs TSX:ELR: 31.42

Eastern Platinum had a gross margin of 33.66% for the quarter that ended in Mar. 2024 => Competition eroding margins

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

Eastern Platinum Gross Margin % Historical Data

The historical data trend for Eastern Platinum'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.

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Eastern Platinum Gross Margin % Chart

Eastern Platinum Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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14.08

9.89

14.10

14.18

29.51

Eastern Platinum 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															19.60	36.19	32.09	22.97	33.66

Competitive Comparison of Eastern Platinum's Gross Margin %

For the Other Precious Metals & Mining subindustry, Eastern Platinum'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.

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

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

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

Eastern Platinum Gross Margin % Calculation

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

Eastern Platinum'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 )
	=	42.3	/	143.476
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(143.476 - 101.13)	/	143.476
	=	29.51 %

Eastern Platinum'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 )
	=	7.2	/	21.264
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(21.264 - 14.106)	/	21.264
	=	33.66 %

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.

Eastern Platinum (TSX:ELR) 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

Eastern Platinum had a gross margin of 33.66% 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.

Eastern Platinum Gross Margin % Related Terms

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Eastern Platinum (TSX:ELR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Eastern Platinum Ltd (TSX:ELR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

EPS:South Africa ELRFF:USA E9P1:Germany

Address

1188 West Georgia Street, Suite 1080, Vancouver, BC, CAN, V6E 4A2

Website

https://www.eastplats.com

Eastern Platinum Ltd owns, directly and indirectly, a number of PGM and chrome assets in the Republic of South Africa. All of the company's properties are situated on the western and eastern limbs of the Bushveld Complex, the geological environment that hosts approximately 80% of the world's PGM-bearing ore. It has three segments CRM, Eastern Limb and Corporate. Operations at the Crocodile River Mine include re-mining and processing its tailings resource, with an offtake of the chrome concentrate to Union Goal from the Zandfontein UG2 tailings facility and the processing and extraction of platinum group metals.

Executives

Lisa Ng

Director