Fresnillo (Fresnillo) Gross Margin % : 16.20% (As of Dec. 2023)

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What is Fresnillo Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Fresnillo's Gross Profit for the six months ended in Dec. 2023 was $221 Mil. Fresnillo's Revenue for the six months ended in Dec. 2023 was $1,362 Mil. Therefore, Fresnillo's Gross Margin % for the quarter that ended in Dec. 2023 was 16.20%.

Warning Sign:

Fresnillo PLC gross margin has been in long-term decline. The average rate of decline per year is -9.4%.

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

FNLPF' s Gross Margin % Range Over the Past 10 Years
Min: 18.6 Med: 35.43 Max: 46.29
Current: 18.61

During the past 13 years, the highest Gross Margin % of Fresnillo was 46.29%. The lowest was 18.60%. And the median was 35.43%.

FNLPF's Gross Margin % is ranked worse than
52.2% of 705 companies
in the Metals & Mining industry
Industry Median: 19.4 vs FNLPF: 18.61

Fresnillo had a gross margin of 16.20% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fresnillo was -9.40% per year.

Fresnillo Gross Margin % Historical Data

The historical data trend for Fresnillo'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.

Fresnillo Gross Margin % Chart

Fresnillo Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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21.78

36.19

34.66

22.03

18.60

Fresnillo Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															26.70	29.06	14.50	21.04	16.20

Competitive Comparison of Fresnillo's Gross Margin %

For the Other Precious Metals & Mining subindustry, Fresnillo'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.

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

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

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

Fresnillo Gross Margin % Calculation

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

Fresnillo'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 )
	=	503.2	/	2705.086
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2705.086 - 2201.848)	/	2705.086
	=	18.60 %

Fresnillo'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 )
	=	220.6	/	1361.753
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1361.753 - 1141.201)	/	1361.753
	=	16.20 %

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.

Fresnillo (OTCPK:FNLPF) 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

Fresnillo had a gross margin of 16.20% for the quarter that ended in Dec. 2023 => 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.

Fresnillo Gross Margin % Related Terms

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Fresnillo (Fresnillo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fresnillo PLC (OTCPK:FNLPF) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

FRES:Mexico FRESl:UK FRES:UK FNL:Germany

Address

Calzada Legaria No. 549, Torre 2, Piso 11, Delegacion Miguel Hidalgo, Mexico, DF, MEX, 11250

Website

http://www.fresnilloplc.com

Fresnillo PLC is a silver mining company and the largest gold producer. The group has seven reportable operating segments, which are represented by six producing mines. The Fresnillo, Juanicipio and Saucito mines are located in the state of Zacatecas and are some of the world's largest underground silver mines. The Cirnega mine, located in the state of Durango, an underground gold mine. The San Julian mine, located on the border of Durango states, which is an underground silver-gold mine. The Herradura, Soledad-Dipolos, and Noche Buena are all open pit gold mines, located in the state of Sonora. Herradura and Saucito combined account for more than half of group revenue.