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Sonoro Gold (TSXV:SGO) Gross Margin % : 0.00% (As of Mar. 2024)


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What is Sonoro Gold Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sonoro Gold's Gross Profit for the three months ended in Mar. 2024 was C$-0.02 Mil. Sonoro Gold's Revenue for the three months ended in Mar. 2024 was C$0.00 Mil. Therefore, Sonoro Gold's Gross Margin % for the quarter that ended in Mar. 2024 was 0.00%.


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


TSXV:SGO's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 19.22
* Ranked among companies with meaningful Gross Margin % only.

Sonoro Gold had a gross margin of % for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

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


Sonoro Gold Gross Margin % Historical Data

The historical data trend for Sonoro Gold'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.

Sonoro Gold Gross Margin % Chart

Sonoro Gold Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
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Sonoro Gold Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Sonoro Gold's Gross Margin %

For the Other Precious Metals & Mining subindustry, Sonoro Gold'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.


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

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

* The bar in red indicates where Sonoro Gold's Gross Margin % falls into.



Sonoro Gold Gross Margin % Calculation

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

Sonoro Gold'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 )
=-0.1 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.09) / 0
= %

Sonoro Gold'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 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.016) / 0
= %

* 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.


Sonoro Gold  (TSXV:SGO) 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

Sonoro Gold had a gross margin of % for the quarter that ended in Mar. 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.


Sonoro Gold Gross Margin % Related Terms

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Sonoro Gold (TSXV:SGO) Business Description

Traded in Other Exchanges
Address
2489 Bellevue Avenue, Suite 300, West Vancouver, BC, CAN, V7V 1E1
Sonoro Gold Corp is an exploration and development company holding the near development stage Cerro Caliche project and the exploration stage San Marcial properties in Sonora State, Mexico. The company has one business segment, the exploration of mineral properties.
Executives
John Michael Darch Director

Sonoro Gold (TSXV:SGO) Headlines

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