The historical rank and industry rank for Endeavour Mining's Gross Margin % or its related term are showing as below:
LSE:EDV'
s Gross Margin % Range Over the Past 10 Years
Min: 13.01 Med: 29.34 Max: 36.18
Current: 33.98
During the past 13 years, the highestGross Margin % of Endeavour Mining was 36.18%. The lowest was 13.01%. And the median was 29.34%.
LSE:EDV's Gross Margin % is ranked better than 67.66% of 705
companies
in the Metals & Mining industry
Industry Median: 19.4
vs LSE:EDV: 33.98
Endeavour Mining had a gross margin of 34.13% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Endeavour Mining was 12.50% per year.
Endeavour Mining Gross Margin % Historical Data
The historical data trend for Endeavour 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.
Competitive Comparison of Endeavour Mining's Gross Margin %
For the Gold subindustry, Endeavour 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.
Endeavour Mining's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Endeavour Mining's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Endeavour Mining'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
Endeavour Mining had a gross margin of 34.13% 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.
Endeavour Mining Gross Margin % Related Terms
Thank you for viewing the detailed overview of Endeavour Mining's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Endeavour Mining PLC is a gold producer in West Africa. The Group operates in four principal countries, Burkina Faso (Hounde, Wahgnion, Mana and Boungou mines), Cote d'Ivoire (Ity mine, Lafigue project), Senegal (Sabodala-Massawa mine) and Mali (Kalana Project).
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