Iamgold (Iamgold) Gross Margin %

: 16.73% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Iamgold's Gross Profit for the three months ended in Dec. 2023 was $49.8 Mil. Iamgold's Revenue for the three months ended in Dec. 2023 was $297.6 Mil. Therefore, Iamgold's Gross Margin % for the quarter that ended in Dec. 2023 was 16.73%.

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

IAG' s Gross Margin % Range Over the Past 10 Years
Min: -5.95 Med: 11.87 Max: 20.16
Current: 12.59

During the past 13 years, the highest Gross Margin % of Iamgold was 20.16%. The lowest was -5.95%. And the median was 11.87%.

IAG's Gross Margin % is ranked worse than
65.29% of 703 companies
in the Metals & Mining industry
Industry Median: 19.63 vs IAG: 12.59

Iamgold had a gross margin of 16.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Iamgold was 4.80% per year.

Iamgold Gross Margin % Historical Data

The historical data trend for Iamgold'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.

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

6.53

20.16

7.10

15.43

12.57

Iamgold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %																9.65	19.05	11.14	2.05	16.73

Competitive Comparison

For the Gold subindustry, Iamgold'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.

Iamgold Gross Margin % Distribution

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

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

Iamgold Gross Margin % Calculation

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

Iamgold'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 )
	=	124.1	/	987.1
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(987.1 - 863)	/	987.1
	=	12.57 %

Iamgold'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 )
	=	49.8	/	297.6
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(297.6 - 247.8)	/	297.6
	=	16.73 %

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.

Iamgold (NYSE:IAG) 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

Iamgold had a gross margin of 16.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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.

Iamgold Gross Margin % Related Terms

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Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.