Gross Margin % is calculated as gross profit divided by its revenue. Idaho Strategic Resources's Gross Profit for the
three
months ended in Dec. 2023 was $1.20 Mil. Idaho Strategic Resources's Revenue for the
three
months ended in Dec. 2023 was $3.78 Mil. Therefore, Idaho Strategic Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 31.77%.
The historical rank and industry rank for Idaho Strategic Resources's Gross Margin % or its related term are showing as below:
IDR'
s Gross Margin % Range Over the Past 10 Years
Min: -283.87 Med: 12.37 Max: 29.04
Current: 29.04
During the past 13 years, the highestGross Margin % of Idaho Strategic Resources was 29.04%. The lowest was -283.87%. And the median was 12.37%.
IDR's Gross Margin % is ranked better than 63.03% of 706
companies
in the Metals & Mining industry
Industry Median: 19.565
vs IDR: 29.04
Idaho Strategic Resources had a gross margin of 31.77% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Idaho Strategic Resources was 0.00% per year.
Idaho Strategic Resources Gross Margin % Historical Data
The historical data trend for Idaho Strategic Resources's Gross Margin % 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 Idaho Strategic Resources's Gross Margin %
For the Gold subindustry, Idaho Strategic Resources's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
Idaho Strategic Resources's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Idaho Strategic Resources's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Idaho Strategic Resources's Gross Margin % falls into.
* 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.
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
Idaho Strategic Resources had a gross margin of 31.77% for the quarter that ended in Dec. 2023 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Idaho Strategic Resources Gross Margin % Related Terms
Thank you for viewing the detailed overview of Idaho Strategic Resources's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Idaho Strategic Resources (Idaho Strategic Resources) Business Description
Idaho Strategic Resources Inc is a vertically integrated, operating junior mining company. It produces gold at the Golden Chest Mine. In addition to gold and gold production, the company maintains a strategic and domestic presence in the Critical Minerals sector and is focused on advancing its officially recognized Lemhi Pass, Diamond Creek and Roberts Rare Earth Element projects in central Idaho.
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