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CANEX Metals (TSXV:CANX) Gross Margin % : 0.00% (As of Jun. 2024)


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What is CANEX Metals Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. CANEX Metals's Gross Profit for the three months ended in Jun. 2024 was C$0.00 Mil. CANEX Metals's Revenue for the three months ended in Jun. 2024 was C$0.00 Mil. Therefore, CANEX Metals's Gross Margin % for the quarter that ended in Jun. 2024 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.


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


TSXV:CANX's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 20.275
* Ranked among companies with meaningful Gross Margin % only.

CANEX Metals had a gross margin of N/A% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

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


CANEX Metals Gross Margin % Historical Data

The historical data trend for CANEX 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.

* Premium members only.

CANEX Metals Gross Margin % Chart

CANEX Metals Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Margin %
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CANEX Metals Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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Competitive Comparison of CANEX Metals's Gross Margin %

For the Gold subindustry, CANEX 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.


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

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

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



CANEX Metals Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

CANEX Metals's Gross Margin for the fiscal year that ended in Sep. 2023 is calculated as

Gross Margin % (A: Sep. 2023 )=Gross Profit (A: Sep. 2023 ) / Revenue (A: Sep. 2023 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

CANEX Metals's Gross Margin for the quarter that ended in Jun. 2024 is calculated as


Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0) / 0
=N/A %

* 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.


CANEX Metals  (TSXV:CANX) 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

CANEX Metals had a gross margin of N/A% for the quarter that ended in Jun. 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.


CANEX Metals Gross Margin % Related Terms

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CANEX Metals Business Description

Traded in Other Exchanges
Address
734-7th Avenue SW, Suite 1620, Calgary, AB, CAN, T2P 3P8
CANEX Metals Inc is a Canada-based junior exploration company. Principally, it is engaged in the business of mineral exploration and the development of resource properties. The company holds an interest in Gibson property, and Gold Range Property.
Executives
Shane William Ebert Director