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FRGGF (Forge Resources) Gross Profit : $0.00 Mil (TTM As of May. 2024)


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What is Forge Resources Gross Profit?

Forge Resources's gross profit for the three months ended in May. 2024 was $0.00 Mil. Forge Resources's gross profit for the trailing twelve months (TTM) ended in May. 2024 was $0.00 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Forge Resources's gross profit for the three months ended in May. 2024 was $0.00 Mil. Forge Resources's Revenue for the three months ended in May. 2024 was $0.00 Mil. Therefore, Forge Resources's Gross Margin % for the quarter that ended in May. 2024 was N/A%.

Forge Resources had a gross margin of N/A% for the quarter that ended in May. 2024 => No sustainable competitive advantage


Forge Resources Gross Profit Historical Data

The historical data trend for Forge 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.

* Premium members only.

Forge Resources Gross Profit Chart

Forge Resources Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Gross Profit
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Forge Resources Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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Competitive Comparison of Forge Resources's Gross Profit

For the Gold subindustry, Forge 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.


Forge Resources's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Forge Resources's Gross Profit distribution charts can be found below:

* The bar in red indicates where Forge Resources's Gross Profit falls into.



Forge Resources Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Forge Resources's Gross Profit for the fiscal year that ended in Aug. 2023 is calculated as

Gross Profit (A: Aug. 2023 )=Revenue - Cost of Goods Sold
=0 - 0
=0.00

Forge Resources's Gross Profit for the quarter that ended in May. 2024 is calculated as

Gross Profit (Q: May. 2024 )=Revenue - Cost of Goods Sold
=0 - 0
=0.00

Gross Profit for the trailing twelve months (TTM) ended in May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $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.)

Forge Resources's Gross Margin % for the quarter that ended in May. 2024 is calculated as

Gross Margin % (Q: May. 2024 )=Gross Profit (Q: May. 2024 ) / Revenue (Q: May. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=0.00 / 0
=N/A %

* 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.


Forge Resources  (OTCPK:FRGGF) Gross Profit 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

Forge Resources had a gross margin of N/A% for the quarter that ended in May. 2024 => No sustainable competitive advantage


Forge Resources Gross Profit Related Terms

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Forge Resources Business Description

Traded in Other Exchanges
Address
1050 - 12471 Horseshoe Way, Richmond, BC, CAN, V7A 4X6
Forge Resources Corp is a junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located fifty km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.