Rogue Resources (TSXV:RRS) Gross Margin % : 68.75% (As of Jan. 2024)

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What is Rogue Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Rogue Resources's Gross Profit for the three months ended in Jan. 2024 was C$0.02 Mil. Rogue Resources's Revenue for the three months ended in Jan. 2024 was C$0.03 Mil. Therefore, Rogue Resources's Gross Margin % for the quarter that ended in Jan. 2024 was 68.75%.

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

TSXV:RRS' s Gross Margin % Range Over the Past 10 Years
Min: 27.45 Med: 33.98 Max: 46.62
Current: 46.62

During the past 13 years, the highest Gross Margin % of Rogue Resources was 46.62%. The lowest was 27.45%. And the median was 33.98%.

TSXV:RRS's Gross Margin % is ranked better than
82.01% of 706 companies
in the Metals & Mining industry
Industry Median: 19.085 vs TSXV:RRS: 46.62

Rogue Resources had a gross margin of 68.75% for the quarter that ended in Jan. 2024 => Durable competitive advantage

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

Rogue Resources Gross Margin % Historical Data

The historical data trend for Rogue 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.

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Rogue Resources Gross Margin % Chart

Rogue Resources Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Gross Margin %

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27.45

34.89

33.98

Rogue Resources Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Gross Margin %	Get a 7-Day Free Trial															21.05	121.36	39.31	14.72	68.75

Competitive Comparison of Rogue Resources's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Rogue 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.

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

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

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

Rogue Resources Gross Margin % Calculation

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

Rogue Resources's Gross Margin for the fiscal year that ended in Apr. 2023 is calculated as

Gross Margin % (A: Apr. 2023 )	=	Gross Profit (A: Apr. 2023 )	/	Revenue (A: Apr. 2023 )
	=	0.5	/	1.348
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.348 - 0.89)	/	1.348
	=	33.98 %

Rogue Resources's Gross Margin for the quarter that ended in Jan. 2024 is calculated as

Gross Margin % (Q: Jan. 2024 )	=	Gross Profit (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	0	/	0.032
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.032 - 0.01)	/	0.032
	=	68.75 %

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.

Rogue Resources (TSXV:RRS) 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

Rogue Resources had a gross margin of 68.75% for the quarter that ended in Jan. 2024 => 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.

Rogue Resources Gross Margin % Related Terms

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

Rogue Resources (TSXV:RRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Rogue Resources Inc (TSXV:RRS) » Definitions » Gross Margin %

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GCRIF:USA

Address

150 King Street W., Toronto, ON, CAN, M5H 1J9

Website

https://www.rogueresources.ca

Rogue Resources Inc is an exploration-stage mining company. It is engaged in the business of exploring silica, nickel, and iron ore in Quebec and Ontario. The company's projects include Snow White Project, Silicon Ridge Project, Radio Hill project, and Langmuir project. Its Snow White Project is located northwest of the town of Massey. The Silicon Ridge Project is in the northeast of Quebec City. Its Radio Hill property is on the southwest of Timmins, Ontario. The Langmuir project is in the south of South Porcupine, Ontario.

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