Formation Minerals's gross profit for the
three
months ended in Oct. 2024 was $0.05 Mil. Formation Minerals's gross profit for the trailing twelve months (TTM) ended in Oct. 2024 was $0.07 Mil.
Formation Minerals had a gross margin of 59.77% for the quarter that ended in Oct. 2024 => Durable competitive advantage
During the past 4 years, the highestGross Margin % of Formation Minerals was 56.91%. The lowest was 0.00%. And the median was 0.00%.
Formation Minerals Gross Profit Historical Data
The historical data trend for Formation Minerals'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 Formation Minerals's Gross Profit
For the Oil & Gas E&P subindustry, Formation Minerals'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.
Formation Minerals's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Formation Minerals's Gross Profit distribution charts can be found below:
* The bar in red indicates where Formation Minerals's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.07 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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
Formation Minerals had a gross margin of 59.77% for the quarter that ended in Oct. 2024 => Durable competitive advantage
Formation Minerals Gross Profit Related Terms
Thank you for viewing the detailed overview of Formation Minerals's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Formation Minerals Inc is engaged in the acquisition and management of high-growth oil and gas minerals and royalties in the U.S. basins. The company is focused on providing returns through asset growth generated by acquisitions and organic growth of properties. Its portfolio includes the DJ Basin of Colorado and Wyoming, the Haynesville Shale of Louisiana, the Delaware and Permian Basin of Texas, the Marcellus and Utica shales in West Virginia, and the Anadarko Basin in Oklahoma.
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