The historical rank and industry rank for Ivanhoe Electric's Gross Margin % or its related term are showing as below:
IE'
s Gross Margin % Range Over the Past 10 Years
Min: 19.03 Med: 61.47 Max: 67.33
Current: 19.03
During the past 5 years, the highestGross Margin % of Ivanhoe Electric was 67.33%. The lowest was 19.03%. And the median was 61.47%.
IE's Gross Margin % is ranked worse than 50.21% of 705
companies
in the Metals & Mining industry
Industry Median: 19.14
vs IE: 19.03
Ivanhoe Electric had a gross margin of 72.22% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ivanhoe Electric was 0.00% per year.
Ivanhoe Electric Gross Margin % Historical Data
The historical data trend for Ivanhoe Electric'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.
Competitive Comparison of Ivanhoe Electric's Gross Margin %
For the Copper subindustry, Ivanhoe Electric'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.
Ivanhoe Electric's Gross Margin % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ivanhoe Electric's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ivanhoe Electric's Gross Margin % falls into.
* 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.
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.
Ivanhoe Electric (AMEX:IE) 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
Ivanhoe Electric had a gross margin of 72.22% for the quarter that ended in Mar. 2024 => Durable 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.
Ivanhoe Electric Gross Margin % Related Terms
Thank you for viewing the detailed overview of Ivanhoe Electric's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ivanhoe Electric (Ivanhoe Electric) Business Description
Ivanhoe Electric Inc is a United States-based minerals exploration and development company with a focus on developing mines from mineral deposits located in the United States. The company has three reportable segments; Critical metals segment is focused on mineral project exploration and development with a focus on identifying and developing mineral projects, and ultimately mines, associated with the metals necessary for electrification, The data processing segment provides data analytics, geophysical modeling, and artificial intelligence services for the mineral, oil & gas and water exploration industries, and The energy storage segment develops, manufactures and installs vanadium flow batteries for grid-scale energy storage. It derives a majority of its revenue from Canada.
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