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Fathom Nickel (XCNQ:FNI) Gross Margin % : 0.00% (As of Sep. 2024)


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What is Fathom Nickel Gross Margin %?

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


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


XCNQ:FNI's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 20.41
* Ranked among companies with meaningful Gross Margin % only.

Fathom Nickel had a gross margin of % for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

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


Fathom Nickel Gross Margin % Historical Data

The historical data trend for Fathom Nickel'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.

Fathom Nickel Gross Margin % Chart

Fathom Nickel Annual Data
Trend Dec20 Dec21 Dec22
Gross Margin %
- - -

Fathom Nickel Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Fathom Nickel's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Fathom Nickel'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.


Fathom Nickel's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Fathom Nickel's Gross Margin % falls into.



Fathom Nickel Gross Margin % Calculation

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

Fathom Nickel's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )=Gross Profit (A: Dec. 2022 ) / Revenue (A: Dec. 2022 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.048) / 0
= %

Fathom Nickel's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.001) / 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.


Fathom Nickel  (XCNQ:FNI) 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

Fathom Nickel had a gross margin of % for the quarter that ended in Sep. 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.


Fathom Nickel Gross Margin % Related Terms

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Fathom Nickel Business Description

Traded in Other Exchanges
Address
1240 Kensington Road NorthWest, Suite 311, No. 104, Calgary, AB, CAN, T2N3P7
Fathom Nickel Inc is a resource development and exploration company engaged in exploring base and precious metals in Canada. The company is targeting high-grade nickel sulfide discoveries for use in the rapidly growing electric vehicle market and green energy market. The projects of the company include Albert Lake Project and Gochager Lake Project.
Executives
Ian Fraser Director, Senior Officer

Fathom Nickel Headlines