Sparton Resources (TSXV:SRI) Gross Margin % : 0.00% (As of Dec. 2023)

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What is Sparton Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Sparton Resources's Gross Profit for the three months ended in Dec. 2023 was C$-0.03 Mil. Sparton Resources's Revenue for the three months ended in Dec. 2023 was C$0.00 Mil. Therefore, Sparton Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 0.00%.

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

TSXV:SRI' s Gross Margin % Range Over the Past 10 Years
Min: -45.28 Med: 14.64 Max: 31.14
Current: 4.82

During the past 13 years, the highest Gross Margin % of Sparton Resources was 31.14%. The lowest was -45.28%. And the median was 14.64%.

TSXV:SRI's Gross Margin % is ranked worse than
79.26% of 704 companies
in the Metals & Mining industry
Industry Median: 19.22 vs TSXV:SRI: 4.82

Sparton Resources had a gross margin of % for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Sparton Resources Gross Margin % Historical Data

The historical data trend for Sparton 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.

* Premium members only.

Sparton Resources Gross Margin % Chart

Sparton Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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11.89

29.16

4.82

Sparton Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															76.26	-	40.65	-2.16	-

Competitive Comparison of Sparton Resources's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Sparton 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.

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

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

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

Sparton Resources Gross Margin % Calculation

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

Sparton Resources'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	/	0.954
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.954 - 0.908)	/	0.954
	=	4.82 %

Sparton Resources'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 )
	=	-0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0.025)	/	0
	=	%

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.

Sparton Resources (TSXV:SRI) 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

Sparton Resources had a gross margin of % 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.

Sparton Resources Gross Margin % Related Terms

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Sparton Resources (TSXV:SRI) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SPNRF:USA

Address

82 Richmond Street East, Toronto, ON, CAN, M5C 1P1

Website

http://www.spartonres.ca

Sparton Resources Inc is an exploration and development stage company and has interests in exploration and evaluation properties in Canada and China. It focuses on financing exploration for several resource projects and seeking new business for the drilling operation. Through its subsidiaries, it is also into the development of the vanadium redox flow battery. The company's other properties include Bruell Gold Property and Sir Harry Oakes Gold Property in Canada.

Executives

Yongbiao Ding

Senior Officer