Cruz Battery Metals (XCNQ:CRUZ) Gross Margin % : 0.00% (As of Jan. 2024)

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What is Cruz Battery Metals Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Cruz Battery Metals's Gross Profit for the three months ended in Jan. 2024 was C$-0.01 Mil. Cruz Battery Metals's Revenue for the three months ended in Jan. 2024 was C$0.00 Mil. Therefore, Cruz Battery Metals's Gross Margin % for the quarter that ended in Jan. 2024 was 0.00%.

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

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

Cruz Battery Metals had a gross margin of % for the quarter that ended in Jan. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Cruz Battery Metals was 0.00% per year.

Cruz Battery Metals Gross Margin % Historical Data

The historical data trend for Cruz Battery Metals'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.

Cruz Battery Metals Gross Margin % Chart

Cruz Battery Metals Annual Data

Trend

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Gross Margin %

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Cruz Battery Metals Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
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Competitive Comparison of Cruz Battery Metals's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Cruz Battery Metals'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.

Cruz Battery Metals's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cruz Battery Metals's Gross Margin % falls into.

Cruz Battery Metals Gross Margin % Calculation

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

Cruz Battery Metals's Gross Margin for the fiscal year that ended in Jul. 2023 is calculated as

Gross Margin % (A: Jul. 2023 )	=	Gross Profit (A: Jul. 2023 )	/	Revenue (A: Jul. 2023 )
	=	-0.1	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0.057)	/	0
	=	%

Cruz Battery Metals'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
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0.014)	/	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.

Cruz Battery Metals (XCNQ:CRUZ) 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

Cruz Battery Metals had a gross margin of % for the quarter that ended in Jan. 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.

Cruz Battery Metals Gross Margin % Related Terms

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Cruz Battery Metals (XCNQ:CRUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Cruz Battery Metals Corp (XCNQ:CRUZ) » Definitions » Gross Margin %

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Traded in Other Exchanges

BKTPF:USA BR00:Germany

Address

700 West Georgia Street, Suite 2905, Vancouver, BC, CAN, V7Y1K8

Website

https://www.cruzbatterymetals.com

Cruz Battery Metals Corp is an exploration company. Its principal business activities include acquiring and developing high-quality battery metals projects in ethical mining jurisdictions, essential for the rechargeable battery and renewable energy sectors. The projects of the company include War Eagle Cobalt, Diamond Project, Hector Cobalt Prospect, Other Cobalt Prospects, Yukon Quartz Claims, Idaho Cobal Belt Project, Idaho Star Cobalt Prospect, Nevada Clayton Valley W. Lithium Property, and Nevada Solar Lithium Project. The company operates in USA and Canada.