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Velocity Minerals (TSXV:VLC) Gross Margin % : 0.00% (As of Mar. 2024)


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What is Velocity Minerals Gross Margin %?

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


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


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

Velocity Minerals 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 Velocity Minerals was 0.00% per year.


Velocity Minerals Gross Margin % Historical Data

The historical data trend for Velocity Minerals'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.

Velocity Minerals Gross Margin % Chart

Velocity Minerals Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
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Velocity Minerals Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
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Competitive Comparison of Velocity Minerals's Gross Margin %

For the Gold subindustry, Velocity Minerals'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.


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

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

* The bar in red indicates where Velocity Minerals's Gross Margin % falls into.



Velocity Minerals Gross Margin % Calculation

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

Velocity Minerals'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 - 0.057) / 0
= %

Velocity Minerals'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 - 0.002) / 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.


Velocity Minerals  (TSXV:VLC) 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

Velocity Minerals 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.


Velocity Minerals Gross Margin % Related Terms

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Velocity Minerals (TSXV:VLC) Business Description

Traded in Other Exchanges
Address
999 West Hastings Street, Suite 890, Vancouver, BC, CAN, V6C 2W2
Velocity Minerals Ltd is a gold exploration and development company focused on eastern Europe. It is engaged in gold exploration in Bulgaria. It is focused on Tintyava Property, Nadezhda Property, Momchil Property, and Iglika Property in Bulgaria.
Executives
Robert Charles Kopple 10 percent owner

Velocity Minerals (TSXV:VLC) Headlines

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