Snow Lake Resources (Snow Lake Resources) Gross Profit : $-0.01 Mil (TTM As of Dec. 2023)

Snow Lake Resources Gross Profit Chart

Snow Lake Resources Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Profit	Get a 7-Day Free Trial					-	-	-	-	-0.01

Competitive Comparison of Snow Lake Resources's Gross Profit

For the Other Industrial Metals & Mining subindustry, Snow Lake Resources'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.

Snow Lake Resources's Gross Profit Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Snow Lake Resources's Gross Profit distribution charts can be found below:

* The bar in red indicates where Snow Lake Resources's Gross Profit falls into.

Snow Lake Resources Gross Profit Calculation

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

Snow Lake Resources's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Snow Lake Resources's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

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 $-0.01 Mil.

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

Snow Lake Resources's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

* 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.

Snow Lake Resources  (NAS:LITM) 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

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

Snow Lake Resources Gross Profit Related Terms

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Snow Lake Resources (Snow Lake Resources) Business Description