Whitemud Resources (TSXV:WMK) Gross Margin % : 23.08% (As of Mar. 2024)

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What is Whitemud Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Whitemud Resources's Gross Profit for the three months ended in Mar. 2024 was C$0.01 Mil. Whitemud Resources's Revenue for the three months ended in Mar. 2024 was C$0.03 Mil. Therefore, Whitemud Resources's Gross Margin % for the quarter that ended in Mar. 2024 was 23.08%.

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

TSXV:WMK' s Gross Margin % Range Over the Past 10 Years
Min: -24.32 Med: 64.01 Max: 98.67
Current: -23.68

During the past 13 years, the highest Gross Margin % of Whitemud Resources was 98.67%. The lowest was -24.32%. And the median was 64.01%.

TSXV:WMK's Gross Margin % is ranked worse than
93.88% of 703 companies
in the Metals & Mining industry
Industry Median: 19.17 vs TSXV:WMK: -23.68

Whitemud Resources had a gross margin of 23.08% for the quarter that ended in Mar. 2024 => Competition eroding margins

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

Whitemud Resources Gross Margin % Historical Data

The historical data trend for Whitemud 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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Whitemud Resources Gross Margin % Chart

Whitemud Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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96.31

98.67

97.61

66.15

-24.32

Whitemud Resources Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															20.00	54.55	-250.00	-180.00	23.08

Competitive Comparison of Whitemud Resources's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Whitemud 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.

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

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

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

Whitemud Resources Gross Margin % Calculation

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

Whitemud 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	/	0.037
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.037 - 0.046)	/	0.037
	=	-24.32 %

Whitemud Resources'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	/	0.026
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.026 - 0.02)	/	0.026
	=	23.08 %

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.

Whitemud Resources (TSXV:WMK) 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

Whitemud Resources had a gross margin of 23.08% for the quarter that ended in Mar. 2024 => Competition eroding margins

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.

Whitemud Resources Gross Margin % Related Terms

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

Whitemud Resources (TSXV:WMK) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 - 5th Avenue SW, Suite 3900, Bow Valley Square 2, Calgary, AB, CAN, T2P 2V7

Website

https://www.whitemudresources.com

Whitemud Resources Inc operates in two segments, namely Metakaolin, which includes mining, processing, and marketing kaolin and metakaolin; and Commodities, which manages and marketing commodities. The majority of its revenue comes from the commodities segment.

Executives

Stanley Alex Owerko

Director, Director or Senior Officer of 10% Security Holder, Senior Officer