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Metals Exploration (LSE:MTL) Gross Profit : £15.0 Mil (TTM As of Jun. 2024)


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What is Metals Exploration Gross Profit?

Metals Exploration's gross profit for the six months ended in Jun. 2024 was £13.9 Mil. Metals Exploration's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was £15.0 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Metals Exploration's gross profit for the six months ended in Jun. 2024 was £13.9 Mil. Metals Exploration's Revenue for the six months ended in Jun. 2024 was £71.6 Mil. Therefore, Metals Exploration's Gross Margin % for the quarter that ended in Jun. 2024 was 19.47%.

Metals Exploration had a gross margin of 19.47% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Metals Exploration was 31.81%. The lowest was -13.79%. And the median was 24.34%.


Metals Exploration Gross Profit Historical Data

The historical data trend for Metals Exploration'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.

Metals Exploration Gross Profit Chart

Metals Exploration Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.09 28.90 28.48 26.88 29.44

Metals Exploration Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Gross Profit 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 12.28 14.46 28.41 1.10 13.94

Competitive Comparison of Metals Exploration's Gross Profit

For the Gold subindustry, Metals Exploration'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.


Metals Exploration's Gross Profit Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Metals Exploration's Gross Profit falls into.



Metals Exploration Gross Profit Calculation

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

Metals Exploration's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=131.68 - 102.245
=29.4

Metals Exploration's Gross Profit for the quarter that ended in Jun. 2024 is calculated as

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=71.593 - 57.656
=13.9

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £15.0 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Metals Exploration's Gross Margin % for the quarter that ended in Jun. 2024 is calculated as

Gross Margin % (Q: Jun. 2024 )=Gross Profit (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=13.9 / 71.593
=19.47 %

* 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.


Metals Exploration  (LSE:MTL) 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

Metals Exploration had a gross margin of 19.47% for the quarter that ended in Jun. 2024 => No sustainable competitive advantage


Metals Exploration Gross Profit Related Terms

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Metals Exploration Business Description

Traded in Other Exchanges
Address
22a St James Square, 3rd Floor, London, GBR, SW1Y 4JH
Metals Exploration PLC is a natural resource exploration and development company. The company identifies, acquires, and develops mining and processing projects, mining companies, and businesses with a focus on base and precious metals mining opportunities. The main asset of the company is a Runruno gold-molybdenum project in Northern Philippines. The company operates in geographic areas of the UK, Philippines and Singapore.