Mamba Exploration (ASX:M24) Gross Margin % : 0.00% (As of Dec. 2023)

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What is Mamba Exploration Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Mamba Exploration's Gross Profit for the six months ended in Dec. 2023 was A$0.01 Mil. Mamba Exploration's Revenue for the six months ended in Dec. 2023 was A$0.01 Mil. Therefore, Mamba Exploration's Gross Margin % for the quarter that ended in Dec. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

ASX:M24's Gross Margin % is not ranked ^*
in the Metals & Mining industry.
Industry Median: 19.17
* Ranked among companies with meaningful Gross Margin % only.

Mamba Exploration had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

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

Mamba Exploration Gross Margin % Historical Data

The historical data trend for Mamba Exploration'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.

Mamba Exploration Gross Margin % Chart

Mamba Exploration Annual Data

Trend

Sep20

Jun22

Jun23

Gross Margin %

Mamba Exploration Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	-	-	-	-	-

Competitive Comparison of Mamba Exploration's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Mamba Exploration'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.

Mamba Exploration's Gross Margin % Distribution in the Metals & Mining Industry

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

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

Mamba Exploration Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Mamba Exploration'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 )
	=	0	/	0
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0 - 0)	/	0
	=	N/A %

Mamba Exploration'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 )
	=	0	/	0.014
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(0.014 - 0)	/	0.014
	=	N/A %

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.

Mamba Exploration (ASX:M24) 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

Mamba Exploration had a gross margin of N/A% 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.

Mamba Exploration Gross Margin % Related Terms

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Mamba Exploration (ASX:M24) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mamba Exploration Ltd (ASX:M24) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Richardson Street, Level 2, Perth, WA, AUS, 6005

Website

https://www.mambaexploration.com.au

Mamba Exploration Ltd is engaged in the exploration of nickel, copper, and gold. The company operates in a single geographical segment, Australia. The company has focus on its mineral exploration assets in the Ashburton/Gascoyne, Kimberley, Darling Range, Hyden, and Great Southern regions of Western Australia. The projects in the Ashburton/Gascoyne and Hyden are prospective for Rare Earth Elements (REE) and gold, while the Great Southern are prospective for gold and the Kimberley and Darling Range are prospective for base metals such as copper, nickel, and manganese.

Mamba Exploration (ASX:M24) Headlines

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