Mining Global (Mining Global) Gross Profit : $0.00 Mil (TTM As of Aug. 2023)

Mining Global Gross Profit Chart

Mining Global Annual Data
	Trend	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22
Gross Profit		Get a 7-Day Free Trial					0.03	0.03	0.04	0.19	0.20

Mining Global Semi-Annual Data
	Aug08	Aug09	Aug10	Aug11	Aug12	Aug16	Aug17	Aug18	Aug19	Aug20	Aug21	Aug22	Aug23
Gross Profit	Get a 7-Day Free Trial								0.03	0.04	0.19	0.20	-

Competitive Comparison of Mining Global's Gross Profit

For the Gold subindustry, Mining Global'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.

Mining Global's Gross Profit Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Mining Global's Gross Profit falls into.

Mining Global Gross Profit Calculation

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

Mining Global's Gross Profit for the fiscal year that ended in Aug. 2022 is calculated as

Mining Global's Gross Profit for the quarter that ended in Aug. 2023 is calculated as

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Gross Profit for the trailing twelve months (TTM) ended in Aug. 2023 was $0.00 Mil.

Gross Profit is the numerator in the calculation of Gross Margin. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Mining Global's Gross Margin % for the quarter that ended in Aug. 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.

Mining Global  (OTCPK:MNGG) 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

Mining Global had a gross margin of N/A% for the quarter that ended in Aug. 2023 => No sustainable competitive advantage

Mining Global Gross Profit Related Terms

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Mining Global (Mining Global) Business Description