Westgold Resources (Westgold Resources) Gross Margin % : 19.85% (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is Westgold Resources Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Westgold Resources's Gross Profit for the six months ended in Dec. 2023 was $48.2 Mil. Westgold Resources's Revenue for the six months ended in Dec. 2023 was $243.0 Mil. Therefore, Westgold Resources's Gross Margin % for the quarter that ended in Dec. 2023 was 19.85%.

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

WGXRF' s Gross Margin % Range Over the Past 10 Years
Min: -2.09 Med: 11.97 Max: 31.06
Current: 22.33

During the past 7 years, the highest Gross Margin % of Westgold Resources was 31.06%. The lowest was -2.09%. And the median was 11.97%.

WGXRF's Gross Margin % is ranked better than
55.3% of 707 companies
in the Metals & Mining industry
Industry Median: 19.03 vs WGXRF: 22.33

Westgold Resources had a gross margin of 19.85% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Westgold Resources Gross Margin % Historical Data

The historical data trend for Westgold Resources'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.

Westgold Resources Gross Margin % Chart

Westgold Resources Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Margin %

Get a 7-Day Free Trial

11.97

16.69

31.06

14.21

11.43

Westgold Resources Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial										10.33	17.80	-3.10	25.00	19.85

Competitive Comparison of Westgold Resources's Gross Margin %

For the Gold subindustry, Westgold Resources'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.

Westgold Resources's Gross Margin % Distribution in the Metals & Mining Industry

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

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

Westgold Resources Gross Margin % Calculation

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

Westgold Resources's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	50.2	/	439.175
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(439.175 - 388.971)	/	439.175
	=	11.43 %

Westgold Resources'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 )
	=	48.2	/	243.038
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(243.038 - 194.801)	/	243.038
	=	19.85 %

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.

Westgold Resources (OTCPK:WGXRF) 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

Westgold Resources had a gross margin of 19.85% 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.

Westgold Resources Gross Margin % Related Terms

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

Westgold Resources (Westgold Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Westgold Resources Ltd (OTCPK:WGXRF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

0W2:Germany WGX:Australia

Address

200 St Georges Terrace, Level 6, Perth, WA, AUS, 6000

Website

https://www.westgold.com.au

Westgold Resources Ltd is engaged in the exploration, development, and operation of gold mines, predominantly in Western Australia. The company comprises the following reportable segments - Murchison Operations, Bryah Operations and others. Murchison Operations segment contributes to the vast majority of revenue.