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Gold Fields (NYSE:GFI) Gross Margin %

: 35.53% (As of Dec. 2023)
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Gross Margin % is calculated as gross profit divided by its revenue. Gold Fields's Gross Profit for the six months ended in Dec. 2023 was $794 Mil. Gold Fields's Revenue for the six months ended in Dec. 2023 was $2,234 Mil. Therefore, Gold Fields's Gross Margin % for the quarter that ended in Dec. 2023 was 35.53%.


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

GFI' s Gross Margin % Range Over the Past 10 Years
Min: 15.96   Med: 25.5   Max: 42.05
Current: 36.38


During the past 13 years, the highest Gross Margin % of Gold Fields was 42.05%. The lowest was 15.96%. And the median was 25.50%.

GFI's Gross Margin % is ranked better than
71.06% of 705 companies
in the Metals & Mining industry
Industry Median: 20.24 vs GFI: 36.38

Gold Fields had a gross margin of 35.53% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Gold Fields was 12.40% per year.


Gold Fields Gross Margin % Historical Data

The historical data trend for Gold Fields'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.

Gold Fields Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 28.98 42.05 40.71 36.59 36.38

Gold Fields Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Gross Margin % 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 Premium Member Only Premium Member Only Premium Member Only 41.82 39.20 33.75 37.21 35.53

Competitive Comparison

For the Gold subindustry, Gold Fields'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.


Gold Fields Gross Margin % Distribution

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

* The bar in red indicates where Gold Fields's Gross Margin % falls into.



Gold Fields Gross Margin % Calculation

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

Gold Fields's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1637.3 / 4500.7
=(Revenue - Cost of Goods Sold) / Revenue
=(4500.7 - 2863.4) / 4500.7
=36.38 %

Gold Fields's Gross Margin for the quarter that ended in Dec. 2023 is calculated as


Gross Margin % (Q: Dec. 2023 )=Gross Profit (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=793.9 / 2234.4
=(Revenue - Cost of Goods Sold) / Revenue
=(2234.4 - 1440.5) / 2234.4
=35.53 %

* 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.


Gold Fields  (NYSE:GFI) 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

Gold Fields had a gross margin of 35.53% 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.


Gold Fields Gross Margin % Related Terms

Thank you for viewing the detailed overview of Gold Fields's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Gold Fields (NYSE:GFI) Business Description

Address
150 Helen Road, Sandown, Sandton, Johannesburg, GT, ZAF, 2196
Gold Fields Ltd is a producer of gold and is a holder of gold reserves and resources in South Africa, Ghana, Australia and Peru. In Peru, the company also produces copper. The company is primarily involved in underground and surface gold and surface copper mining and silver and related activities, including exploration, extraction, processing and smelting. It conducts underground and surface mining operations at St. Ives, underground-only operations at Agnew, Granny Smith and South Deep and surface-only open pit mining at Damang, Tarkwa and Cerro Corona. The company's revenues are derived from the sale of gold that it produces.