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ZIJMF (Zijin Mining Group Co) Gross Margin % : 20.24% (As of Sep. 2024)


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What is Zijin Mining Group Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Zijin Mining Group Co's Gross Profit for the three months ended in Sep. 2024 was $2,288 Mil. Zijin Mining Group Co's Revenue for the three months ended in Sep. 2024 was $11,303 Mil. Therefore, Zijin Mining Group Co's Gross Margin % for the quarter that ended in Sep. 2024 was 20.24%.


The historical rank and industry rank for Zijin Mining Group Co's Gross Margin % or its related term are showing as below:

ZIJMF' s Gross Margin % Range Over the Past 10 Years
Min: 8.47   Med: 13   Max: 19.17
Current: 19.17


During the past 13 years, the highest Gross Margin % of Zijin Mining Group Co was 19.17%. The lowest was 8.47%. And the median was 13.00%.

ZIJMF's Gross Margin % is ranked worse than
52.61% of 690 companies
in the Metals & Mining industry
Industry Median: 20.41 vs ZIJMF: 19.17

Zijin Mining Group Co had a gross margin of 20.24% for the quarter that ended in Sep. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Zijin Mining Group Co was 7.00% per year.


Zijin Mining Group Co Gross Margin % Historical Data

The historical data trend for Zijin Mining Group Co'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.

Zijin Mining Group Co Gross Margin % Chart

Zijin Mining Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.40 11.91 15.44 15.74 15.81

Zijin Mining Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.18 17.94 16.61 21.67 20.24

Competitive Comparison of Zijin Mining Group Co's Gross Margin %

For the Gold subindustry, Zijin Mining Group Co'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.


Zijin Mining Group Co's Gross Margin % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Zijin Mining Group Co's Gross Margin % falls into.



Zijin Mining Group Co Gross Margin % Calculation

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

Zijin Mining Group Co'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 )
=6495.5 / 41091.74
=(Revenue - Cost of Goods Sold) / Revenue
=(41091.74 - 34596.239) / 41091.74
=15.81 %

Zijin Mining Group Co'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 )
=2288.2 / 11302.991
=(Revenue - Cost of Goods Sold) / Revenue
=(11302.991 - 9014.799) / 11302.991
=20.24 %

* 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.


Zijin Mining Group Co  (OTCPK:ZIJMF) 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

Zijin Mining Group Co had a gross margin of 20.24% for the quarter that ended in Sep. 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.


Zijin Mining Group Co Gross Margin % Related Terms

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Zijin Mining Group Co Business Description

Address
No.1 Zijin Road, Zijin Tower, Fujian Province, Shanghang County, Longyan, CHN, 364200
Zijin Mining Group Co Ltd is focusing on the exploration and development of gold and copper and other metal mineral resources. The company's operating segment includes Gold bullion; Processed, refined, and trading gold; Gold concentrates; Electrolytic copper & electrodeposited copper; Refined copper; Copper concentrates; Other concentrates; Zinc bullion, Environmental protection, trading, and others. It generates maximum revenue from the Processed, refined & trading gold segment. The Processed, refined, and trading gold segment is engaged in the production of gold bullion by processing gold concentrates produced by the group or purchased from external suppliers and gold bullion in the business of physical gold trading. Geographically, the majority is derived from Mainland China.

Zijin Mining Group Co Headlines