RioZim (XZIM:RIOZ.ZW) Gross Profit : ZWL9,071 Mil (TTM As of Jun. 2023)

RioZim Gross Profit Chart

RioZim Semi-Annual Data
	Dec09	Dec11	Dec12	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Gross Profit	Get a 7-Day Free Trial									40.35	-19.17	154.16	776.32	8,294.44

Competitive Comparison of RioZim's Gross Profit

For the Gold subindustry, RioZim'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.

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

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

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

RioZim Gross Profit Calculation

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

RioZim's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

RioZim's Gross Profit for the quarter that ended in Jun. 2023 is calculated as

Gross Profit for the trailing twelve months (TTM) ended in Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ZWL9,071 Mil.

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

RioZim's Gross Margin % for the quarter that ended in Jun. 2023 is calculated as

* 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.

RioZim  (XZIM:RIOZ.ZW) 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

RioZim had a gross margin of 16.60% for the quarter that ended in Jun. 2023 => No sustainable competitive advantage

RioZim Gross Profit Related Terms

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RioZim (XZIM:RIOZ.ZW) Business Description