Andean Precious Metals (TSXV:APM) Gross Margin % : 10.46% (As of Dec. 2023)

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What is Andean Precious Metals Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Andean Precious Metals's Gross Profit for the three months ended in Dec. 2023 was C$6.9 Mil. Andean Precious Metals's Revenue for the three months ended in Dec. 2023 was C$65.5 Mil. Therefore, Andean Precious Metals's Gross Margin % for the quarter that ended in Dec. 2023 was 10.46%.

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

TSXV:APM' s Gross Margin % Range Over the Past 10 Years
Min: 8.98 Med: 19.12 Max: 28.79
Current: 11.3

During the past 4 years, the highest Gross Margin % of Andean Precious Metals was 28.79%. The lowest was 8.98%. And the median was 19.12%.

TSXV:APM's Gross Margin % is ranked worse than
67.8% of 705 companies
in the Metals & Mining industry
Industry Median: 19.4 vs TSXV:APM: 11.30

Andean Precious Metals had a gross margin of 10.46% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Andean Precious Metals was 0.00% per year.

Andean Precious Metals Gross Margin % Historical Data

The historical data trend for Andean Precious Metals'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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Andean Precious Metals Gross Margin % Chart

Andean Precious Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Margin %

28.79

26.91

8.98

11.33

Andean Precious Metals Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial											4.28	1.62	16.01	16.43	10.46

Competitive Comparison of Andean Precious Metals's Gross Margin %

For the Silver subindustry, Andean Precious Metals'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.

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

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

* The bar in red indicates where Andean Precious Metals's Gross Margin % falls into.

Andean Precious Metals Gross Margin % Calculation

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

Andean Precious Metals'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 )
	=	19.1	/	168.135
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(168.135 - 149.083)	/	168.135
	=	11.33 %

Andean Precious Metals'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 )
	=	6.9	/	65.498
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(65.498 - 58.648)	/	65.498
	=	10.46 %

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.

Andean Precious Metals (TSXV:APM) 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

Andean Precious Metals had a gross margin of 10.46% 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.

Andean Precious Metals Gross Margin % Related Terms

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Andean Precious Metals (TSXV:APM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Andean Precious Metals Corp (TSXV:APM) » Definitions » Gross Margin %

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Traded in Other Exchanges

ANPMF:USA

Address

Ignacio L. Vallarta, No. 811 Sur, Col. El Mirador Centro, Monterrey, NL, MEX, 64070

Website

https://www.andeanpm.com

Andean Precious Metals Corp is a Canadian-listed, growth-focused precious metals producer operating in Bolivia and the United States. The Company is engaged in the exploration, exploitation, treatment, refining and commercialization of dore bars containing silver and gold, which it extracts from its mining rights and through purchased third-party material.