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Coeur Mining (LTS:0R0U) Gross Profit : $148.1 Mil (TTM As of Jun. 2024)


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What is Coeur Mining Gross Profit?

Coeur Mining's gross profit for the three months ended in Jun. 2024 was $49.4 Mil. Coeur Mining's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $148.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Coeur Mining's gross profit for the three months ended in Jun. 2024 was $49.4 Mil. Coeur Mining's Revenue for the three months ended in Jun. 2024 was $222.0 Mil. Therefore, Coeur Mining's Gross Margin % for the quarter that ended in Jun. 2024 was 22.24%.

Coeur Mining had a gross margin of 22.24% for the quarter that ended in Jun. 2024 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Coeur Mining was 27.21%. The lowest was -2.61%. And the median was 9.90%.


Coeur Mining Gross Profit Historical Data

The historical data trend for Coeur Mining'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.

Coeur Mining Gross Profit Chart

Coeur Mining 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 -18.56 213.74 192.97 67.48 88.49

Coeur Mining Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 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 18.00 23.80 35.16 39.77 49.38

Competitive Comparison of Coeur Mining's Gross Profit

For the Gold subindustry, Coeur Mining'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.


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

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

* The bar in red indicates where Coeur Mining's Gross Profit falls into.



Coeur Mining Gross Profit Calculation

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

Coeur Mining'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
=821.206 - 732.718
=88.5

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

Gross Profit (Q: Jun. 2024 )=Revenue - Cost of Goods Sold
=222.026 - 172.645
=49.4

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $148.1 Mil.

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

Coeur Mining'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
=49.4 / 222.026
=22.24 %

* 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.


Coeur Mining  (LTS:0R0U) 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

Coeur Mining had a gross margin of 22.24% for the quarter that ended in Jun. 2024 => Competition eroding margins


Coeur Mining Gross Profit Related Terms

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Coeur Mining Business Description

Address
200 South Wacker Drive, Suite 2100, Chicago, IL, USA, 60606
Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, Rochester, Wharf, and Kensington. Its projects are located in the United States, Canada Mexico, and North America.

Coeur Mining Headlines

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