Zoro Mining's gross profit for the
six
months ended in Apr. 2012 was $0.00 Mil. Zoro Mining's gross profit for the trailing twelve months (TTM) ended in Apr. 2012 was $0.00 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Zoro Mining's gross profit for the
six
months ended in Apr. 2012 was $0.00 Mil. Zoro Mining's Revenue for the
six
months ended in Apr. 2012 was $0.00 Mil. Therefore, Zoro Mining's Gross Margin % for the quarter that ended in Apr. 2012 was N/A%.
Zoro Mining had a gross margin of N/A% for the quarter that ended in Apr. 2012 => No sustainable competitive advantage
Zoro Mining Gross Profit Historical Data
The historical data trend for Zoro 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.
Competitive Comparison of Zoro Mining's Gross Profit
For the Other Industrial Metals & Mining subindustry, Zoro 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.
Zoro Mining's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zoro Mining's Gross Profit distribution charts can be found below:
* The bar in red indicates where Zoro Mining's Gross Profit falls into.
Zoro Mining Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Zoro Mining's Gross Profit for the fiscal year that ended in Apr. 2012 is calculated as
For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Apr. 2012 was $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.)
* 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.
Zoro Mining (OTCPK:ZORM) 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
Zoro Mining had a gross margin of N/A% for the quarter that ended in Apr. 2012 => No sustainable competitive advantage
Zoro Mining Gross Profit Related Terms
Thank you for viewing the detailed overview of Zoro Mining's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Zoro Mining Corp was incorporated under the laws of the State of Nevada on April 20, 2004 under the name 'Rockdale Mining Corp'. Effective March 19, 2007, it merged with a wholly-owned subsidiary, Zoro Mining Corp., pursuant to Articles of merger filed with the Nevada Secretary of State. The merger was in the form of a parent/subsidiary merger with Rochdale Mining Corp. as the surviving corporation. Upon completion of the merger, its corporate name was changed to 'Zoro Mining Corp.' and its Articles of Incorporation were amended to reflect this name change. It is a natural resource exploration company currently engaged in the exploration, acquisition and development of property located in South America and Mexico. It plans to conduct exploration programs on its properties with the objective of ascertaining whether any of its properties contain economic concentrations of minerals that are prospective for mining. The Company currently has interests in an aggregate of approximately 27,294 net acres located in Chile, approximately 4,940 net acres in Peru, and a further 6,822 gross acres located in Mexico, targeting gold, copper and platinum. It operates in a highly competitive industry, competing with other mining and exploration mineral companies, and institutional and individual investors, which are actively seeking metal and mineral based exploration properties throughout the world together with the equipment, labor and materials required to exploit such properties. The Company's mineral exploration activities are, or would be, subject to extensive foreign laws and regulations governing prospecting, development, production, exports, taxes, labor standards, occupational health, waste disposal, protection and remediation of the environment, protection of endangered and protected species, mine safety, toxic substances and other matters.
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