Philex Mining (PHS:PX) Gross Margin % : 10.31% (As of Mar. 2024)

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What is Philex Mining Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Philex Mining's Gross Profit for the three months ended in Mar. 2024 was ₱168 Mil. Philex Mining's Revenue for the three months ended in Mar. 2024 was ₱1,626 Mil. Therefore, Philex Mining's Gross Margin % for the quarter that ended in Mar. 2024 was 10.31%.

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

PHS:PX' s Gross Margin % Range Over the Past 10 Years
Min: 2.17 Med: 24.6 Max: 36.28
Current: 13.13

During the past 13 years, the highest Gross Margin % of Philex Mining was 36.28%. The lowest was 2.17%. And the median was 24.60%.

PHS:PX's Gross Margin % is ranked worse than
62.13% of 705 companies
in the Metals & Mining industry
Industry Median: 19.27 vs PHS:PX: 13.13

Philex Mining had a gross margin of 10.31% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Philex Mining was 28.20% per year.

Philex Mining Gross Margin % Historical Data

The historical data trend for Philex Mining'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.

Philex Mining Gross Margin % Chart

Philex Mining Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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2.17

24.04

36.28

26.84

17.46

Philex Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															27.16	21.23	13.33	7.09	10.31

Competitive Comparison of Philex Mining's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Philex Mining'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.

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

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

* The bar in red indicates where Philex Mining's Gross Margin % falls into.

Philex Mining Gross Margin % Calculation

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

Philex Mining'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 )
	=	1294.1	/	7410.164
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7410.164 - 6116.02)	/	7410.164
	=	17.46 %

Philex Mining's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	167.6	/	1626.265
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1626.265 - 1458.669)	/	1626.265
	=	10.31 %

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.

Philex Mining (PHS:PX) 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

Philex Mining had a gross margin of 10.31% for the quarter that ended in Mar. 2024 => 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.

Philex Mining Gross Margin % Related Terms

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Philex Mining (PHS:PX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Philex Mining Corp (PHS:PX) » Definitions » Gross Margin %

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PXMFF:USA

Address

Reliance Street Corner Sheridan Street, 2nd Floor, Launchpad, Metro Manila, Mandaluyong, PHL, 1550

Website

http://www.philexmining.com.ph

Philex Mining Corporation is a mining and energy company based in the Philippines. The company is organized across two main business groupings: the mining and metals business, and the energy and hydrocarbon business. The metals business mines copper concentrates to produce copper and by-products of gold and silver. The energy and hydrocarbon business has interests (operating and non-operating) in several oil and gas companies. The metals business's gold and copper output are largely produced by the Padcal Mine in Benguet, Philippines. Production from the Padcal Mine contributes the vast majority of the entire company's revenue.