TRX Gold (TRX Gold) Gross Margin % : 39.53% (As of Nov. 2023)

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What is TRX Gold Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TRX Gold's Gross Profit for the three months ended in Nov. 2023 was $3.72 Mil. TRX Gold's Revenue for the three months ended in Nov. 2023 was $9.40 Mil. Therefore, TRX Gold's Gross Margin % for the quarter that ended in Nov. 2023 was 39.53%.

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

TRX' s Gross Margin % Range Over the Past 10 Years
Min: 43.66 Med: 54.81 Max: 62.14
Current: 43.66

During the past 13 years, the highest Gross Margin % of TRX Gold was 62.14%. The lowest was 43.66%. And the median was 54.81%.

TRX's Gross Margin % is ranked better than
77.73% of 705 companies
in the Metals & Mining industry
Industry Median: 19.4 vs TRX: 43.66

TRX Gold had a gross margin of 39.53% for the quarter that ended in Nov. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for TRX Gold was 0.00% per year.

TRX Gold Gross Margin % Historical Data

The historical data trend for TRX 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.

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TRX Gold Gross Margin % Chart

TRX Gold Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Gross Margin %

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62.14

47.48

TRX Gold Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Margin %	Get a 7-Day Free Trial															54.64	48.71	41.68	44.43	39.53

Competitive Comparison of TRX Gold's Gross Margin %

For the Gold subindustry, TRX 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.

TRX Gold's Gross Margin % Distribution in the Metals & Mining Industry

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

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

TRX Gold Gross Margin % Calculation

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

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

Gross Margin % (A: Aug. 2023 )	=	Gross Profit (A: Aug. 2023 )	/	Revenue (A: Aug. 2023 )
	=	18.2	/	38.32
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(38.32 - 20.126)	/	38.32
	=	47.48 %

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

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	3.7	/	9.404
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9.404 - 5.687)	/	9.404
	=	39.53 %

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.

TRX Gold (AMEX:TRX) 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

TRX Gold had a gross margin of 39.53% for the quarter that ended in Nov. 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.

TRX Gold Gross Margin % Related Terms

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TRX Gold (TRX Gold) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TNX:Canada

Address

277 Lakeshore Road East, Suite 403, Oakville, ON, CAN, L6J 6J3

Website

https://www.trxgold.com

TRX Gold Corp, formerly Tanzanian Gold Corp is a mineral resource company. It is engaged in the acquisition of interests and the exploration of natural resource properties. Its mineral properties are located in the United Republic of Tanzania. The company's main area of interest has been in the exploration and development of gold properties. Its projects include the Buckreef project, Kigosi project, and Itetemia Gold project whereas, its exploration stage project consists of the Lunguya project and the Luhala project.

Executives

Geier International Strategies Fund, Llc	10 percent owner	WACHOVIA FINANCIAL CENTER, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Capital Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Geier Group Llc	10 percent owner	200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131
Chris Gibson	10 percent owner	C/O GEIER CAPITAL LLC, 200 SOUTH BISCAYNE BOULEVARD, 27TH FLOOR, MIAMI FL 33131