Kinross Gold (Kinross Gold) Gross Margin %

: 22.69% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Kinross Gold's Gross Profit for the three months ended in Dec. 2023 was $253 Mil. Kinross Gold's Revenue for the three months ended in Dec. 2023 was $1,116 Mil. Therefore, Kinross Gold's Gross Margin % for the quarter that ended in Dec. 2023 was 22.69%.

Warning Sign:

Kinross Gold Corp gross margin has been in long-term decline. The average rate of decline per year is -4.8%.

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

KGC' s Gross Margin % Range Over the Past 10 Years
Min: -18.2 Med: 19.43 Max: 54.5
Current: 27.33

During the past 13 years, the highest Gross Margin % of Kinross Gold was 54.50%. The lowest was -18.20%. And the median was 19.43%.

KGC's Gross Margin % is ranked better than
61.19% of 706 companies
in the Metals & Mining industry
Industry Median: 19.565 vs KGC: 27.33

Kinross Gold had a gross margin of 22.69% for the quarter that ended in Dec. 2023 => Competition eroding margins

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

Kinross Gold Gross Margin % Historical Data

The historical data trend for Kinross Gold'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.

Kinross Gold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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38.57

54.50

20.81

14.92

27.35

Kinross Gold Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															-4.85	25.13	32.51	28.84	22.69

Competitive Comparison

For the Gold subindustry, Kinross Gold'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.

Kinross Gold Gross Margin % Distribution

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

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

Kinross Gold Gross Margin % Calculation

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

Kinross Gold'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 )
	=	1159.6	/	4239.7
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4239.7 - 3080.1)	/	4239.7
	=	27.35 %

Kinross Gold'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 )
	=	253.1	/	1115.7
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1115.7 - 862.6)	/	1115.7
	=	22.69 %

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.

Kinross Gold (NYSE:KGC) 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

Kinross Gold had a gross margin of 22.69% 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.

Kinross Gold Gross Margin % Related Terms

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Kinross Gold (Kinross Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

0R2D:UK KIN2:Germany KIN2:Germany KIN2:Germany K:Canada KGC:Argentina

Address

25 York Street, 17th Floor, Toronto, ON, CAN, M5J 2V5

Website

https://www.kinross.com

Kinross Gold is a Canada-based gold producer, producing roughly 2 million gold equivalent ounces in 2022. The company had about a decade of gold reserves at the end of 2022. It operates mines in the Americas and West Africa after selling its low-cost Russian operations in 2022 in response to the invasion of Ukraine. The company has historically used acquisitions to fuel expansion into new regions and production growth. In 2022, Kinross purchased the Great Bear project in Canada, which, if developed, could produce an average of more than 500,000 ounces of gold per year for at least a decade.