Copper Mountain Mining (Copper Mountain Mining) Gross Margin % : 20.09% (As of Mar. 2023)

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What is Copper Mountain Mining Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Copper Mountain Mining's Gross Profit for the three months ended in Mar. 2023 was $14.8 Mil. Copper Mountain Mining's Revenue for the three months ended in Mar. 2023 was $73.4 Mil. Therefore, Copper Mountain Mining's Gross Margin % for the quarter that ended in Mar. 2023 was 20.09%.

The historical rank and industry rank for Copper Mountain Mining's Gross Margin % or its related term are showing as below:

CPPMF' s Gross Margin % Range Over the Past 10 Years
Min: -3.73 Med: 10.33 Max: 55.5
Current: -3.13

During the past 13 years, the highest Gross Margin % of Copper Mountain Mining was 55.50%. The lowest was -3.73%. And the median was 10.33%.

CPPMF's Gross Margin % is not ranked
in the Metals & Mining industry.
Industry Median: 19.4 vs CPPMF: -3.13

Copper Mountain Mining had a gross margin of 20.09% for the quarter that ended in Mar. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Copper Mountain Mining was 0.00% per year.

Copper Mountain Mining Gross Margin % Historical Data

The historical data trend for Copper Mountain Mining'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.

* Premium members only.

Copper Mountain Mining Gross Margin % Chart

Copper Mountain Mining Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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8.55

8.70

30.62

55.50

-3.73

Copper Mountain Mining Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Gross Margin %	Get a 7-Day Free Trial															19.79	-15.55	-19.09	-10.54	20.09

Competitive Comparison of Copper Mountain Mining's Gross Margin %

For the Copper subindustry, Copper Mountain Mining'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.

Copper Mountain Mining's Gross Margin % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Copper Mountain Mining's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Copper Mountain Mining's Gross Margin % falls into.

Copper Mountain Mining Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Copper Mountain Mining's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	-8.3	/	221.912
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(221.912 - 230.195)	/	221.912
	=	-3.73 %

Copper Mountain Mining's Gross Margin for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )	=	Gross Profit (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	14.8	/	73.447
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(73.447 - 58.693)	/	73.447
	=	20.09 %

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.

Copper Mountain Mining (OTCPK:CPPMF) Gross Margin % 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

Copper Mountain Mining had a gross margin of 20.09% for the quarter that ended in Mar. 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.

Copper Mountain Mining Gross Margin % Related Terms

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Copper Mountain Mining (Copper Mountain Mining) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Copper Mountain Mining Corp (OTCPK:CPPMF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 West Pender Street, Suite 1700, Vancouver, BC, CAN, V6C 1G8

Website

https://www.CuMtn.com.

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia. The Company is engaged in mining, exploration and development of mineral properties, and has an operating mine in Canada.