LZM (Lifezone Metals) Gross Profit : $0.46 Mil (TTM As of Jun. 2024)

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What is Lifezone Metals Gross Profit?

Lifezone Metals's gross profit for the three months ended in Jun. 2024 was $0.01 Mil. Lifezone Metals's gross profit for the trailing twelve months (TTM) ended in Jun. 2024 was $0.46 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Lifezone Metals's gross profit for the three months ended in Jun. 2024 was $0.01 Mil. Lifezone Metals's Revenue for the three months ended in Jun. 2024 was $0.01 Mil. Therefore, Lifezone Metals's Gross Margin % for the quarter that ended in Jun. 2024 was 87.50%.

Lifezone Metals had a gross margin of 87.50% for the quarter that ended in Jun. 2024 => Durable competitive advantage

During the past 4 years, the highest Gross Margin % of Lifezone Metals was 48.99%. The lowest was 45.29%. And the median was 48.99%.

Lifezone Metals Gross Profit Historical Data

The historical data trend for Lifezone Metals'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.

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Lifezone Metals Gross Profit Chart

Lifezone Metals Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Gross Profit

1.06

2.09

2.93

0.72

Lifezone Metals Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Gross Profit	Get a 7-Day Free Trial							0.01	-0.21	0.63	0.03	0.01

Competitive Comparison of Lifezone Metals's Gross Profit

For the Other Industrial Metals & Mining subindustry, Lifezone Metals'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.

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

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

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

Lifezone Metals Gross Profit Calculation

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

Lifezone Metals'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
	=	1.478	-	0.754
	=	0.72

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

Gross Profit (Q: Jun. 2024 )	=	Revenue	-	Cost of Goods Sold
	=	0.008	-	0.001
	=	0.01

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 $0.46 Mil.

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

Lifezone Metals'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
	=	0.01	/	0.008
	=	87.50 %

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.

Lifezone Metals (NYSE:LZM) 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

Lifezone Metals had a gross margin of 87.50% for the quarter that ended in Jun. 2024 => Durable competitive advantage

Lifezone Metals Gross Profit Related Terms

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Lifezone Metals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lifezone Metals Ltd (NYSE:LZM) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Bowring Road, Commerce House, Ramsey, IMN, IM8 2TF

Website

https://www.lifezonemetals.com

Lifezone Metals Ltd seeks to support the clean energy transition through the licensing of Hydromet Technology as an alternative to smelting and metals refining and to become an emerging supplier of responsibly sourced, lower-carbon and lower-sulfur dioxide emission metals to the battery, EV, and hydrogen markets modern pre-development exploration-stage metals company. Its business comprises two segments: Metals extraction and refining for developing and operating a vertically integrated base metal operation in the northwest region of Tanzania and Intellectual property licensing comprises patents residing with and managed by the subsidiary.