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Record Resources (TSXV:REC) Gross Profit : C$0.00 Mil (TTM As of Jun. 2024)


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What is Record Resources Gross Profit?

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

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

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

During the past 13 years, the highest Gross Margin % of Record Resources was 85.71%. The lowest was 33.33%. And the median was 64.11%.


Record Resources Gross Profit Historical Data

The historical data trend for Record 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.

Record Resources Gross Profit Chart

Record Resources Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.02 0.01 - -

Record Resources 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 - - - - -

Competitive Comparison of Record Resources's Gross Profit

For the Other Precious Metals & Mining subindustry, Record 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.


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

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

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



Record Resources Gross Profit Calculation

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

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

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

Record Resources'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 - 0
=0.00

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 C$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.)

Record Resources'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
=0.00 / 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.


Record Resources  (TSXV:REC) 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

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


Record Resources Gross Profit Related Terms

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Record Resources Business Description

Traded in Other Exchanges
N/A
Address
52477 Highway 21, Suite 229, Sherwood Park, Alberta, QC, CAN, T8A 6K2
Record Resources Inc is a Hydrogen, lithium and gold exploration company. It is focused on acquiring and developing its hydrogen, lithium and gold properties. Its projects include: Beauchamp Natural Hydrogen Property, ON; Paradis Bay, Natural Hydrogen Property; Whitemud River, O'Malley, and Rope Lake Lithium Properties, Doran-South Lithium Property. Kirkland Lake area gold exploration properties, including: Grenfell Gold Property, Kenogami East Gold Property, Amikougami Gold Exploration Property, and Otto Gold Exploration Property.

Record Resources Headlines