Pacific Nickel Mines (ASX:PNM) Gross Profit : A$0.31 Mil (TTM As of Dec. 2023)

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What is Pacific Nickel Mines Gross Profit?

Pacific Nickel Mines's gross profit for the six months ended in Dec. 2023 was A$0.31 Mil. Pacific Nickel Mines's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was A$0.31 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Pacific Nickel Mines's gross profit for the six months ended in Dec. 2023 was A$0.31 Mil. Pacific Nickel Mines's Revenue for the six months ended in Dec. 2023 was A$2.44 Mil. Therefore, Pacific Nickel Mines's Gross Margin % for the quarter that ended in Dec. 2023 was 12.62%.

Pacific Nickel Mines had a gross margin of 12.62% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Pacific Nickel Mines was 12.62%. The lowest was 0.00%. And the median was 0.00%.

Pacific Nickel Mines Gross Profit Historical Data

The historical data trend for Pacific Nickel Mines's Gross Profit 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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Pacific Nickel Mines Gross Profit Chart

Pacific Nickel Mines Annual Data

Trend

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Jun23

Gross Profit

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Pacific Nickel Mines Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial															-	-	-	-	0.31

Competitive Comparison of Pacific Nickel Mines's Gross Profit

For the Gold subindustry, Pacific Nickel Mines's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Pacific Nickel Mines's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Pacific Nickel Mines's Gross Profit distribution charts can be found below:

* The bar in red indicates where Pacific Nickel Mines's Gross Profit falls into.

Pacific Nickel Mines Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Pacific Nickel Mines's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	0	-	0
	=	0.00

Pacific Nickel Mines's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2.441	-	2.133
	=	0.31

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.31 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Pacific Nickel Mines'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 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	0.31	/	2.441
	=	12.62 %

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.

Pacific Nickel Mines (ASX:PNM) Gross Profit 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

Pacific Nickel Mines had a gross margin of 12.62% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Pacific Nickel Mines Gross Profit Related Terms

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Pacific Nickel Mines (ASX:PNM) Business Description

Industry

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PCFNF:USA

Address

283 George Street, Level 4, Sydney, NSW, AUS, 2000

Website

https://www.pacificnickel.com

Pacific Nickel Mines Ltd is engaged in the operation, development, and exploration of mineral deposits. The company operates through two geographical segments: Lorena and Solomon Islands. The Lorena segment is engaged in the development of the company's main project, the Lorena Gold Project near Cloncurry in northwest Queensland. The Solomon Islands segment includes development of the company's interest in the Kolosori Nickel Project and Jejevo Nickel Project on the Santa Isabel Island. It operates within one segment which is mineral exploration and development in Australia.