Rincon Resources's gross profit for the
six
months ended in Dec. 2023 was A$0.00 Mil. Rincon Resources's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.00 Mil.
Rincon Resources had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Rincon Resources Gross Profit Historical Data
The historical data trend for Rincon Resources's Gross Profit 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.
Competitive Comparison of Rincon Resources's Gross Profit
For the Other Precious Metals & Mining subindustry, Rincon Resources's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Rincon Resources's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Rincon Resources's Gross Profit distribution charts can be found below:
* The bar in red indicates where Rincon Resources's Gross Profit falls into.
Rincon Resources Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Rincon Resources's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.00 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
(Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)
* 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.
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
Rincon Resources had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Rincon Resources Gross Profit Related Terms
Thank you for viewing the detailed overview of Rincon Resources's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Rincon Resources Ltd is engaged in the acquisition, exploration, and development of resource projects in Western Australia with a focus on gold and base metals. Its projects include the South Telfer project, Laverton project, and Kiwirrkurra project. The firm is managed on the basis of the evaluation of its gold and copper exploration tenements in Australia and its corporate activities.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
ASX:RCR has been successfully added to your