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Capstone Copper's gross profit for the three months ended in Dec. 2023 was C$29 Mil. Capstone Copper's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was C$113 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Capstone Copper's gross profit for the three months ended in Dec. 2023 was C$29 Mil. Capstone Copper's Revenue for the three months ended in Dec. 2023 was C$475 Mil. Therefore, Capstone Copper's Gross Margin % for the quarter that ended in Dec. 2023 was 6.11%.
Capstone Copper had a gross margin of 6.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highest Gross Margin % of Capstone Copper was 45.35%. The lowest was -7.24%. And the median was 16.30%.
Warning Sign:
Capstone Copper Corp gross margin has been in long-term decline. The average rate of decline per year is -9%.
The historical data trend for Capstone Copper'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.
Capstone Copper Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Gross Profit | Get a 7-Day Free Trial | 55.88 | 105.26 | 461.37 | 282.29 | 111.37 |
Capstone Copper Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Gross Profit | Get a 7-Day Free Trial | 102.13 | 60.73 | 6.64 | 16.26 | 28.99 |
For the Copper subindustry, Capstone Copper'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.
For the Metals & Mining industry and Basic Materials sector, Capstone Copper's Gross Profit distribution charts can be found below:
* The bar in red indicates where Capstone Copper's Gross Profit falls into.
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Capstone Copper's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit (A: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 1805.138 | - | 1693.765 | |
= | 111 |
Capstone Copper's Gross Profit for the quarter that ended in Dec. 2023 is calculated as
Gross Profit (Q: Dec. 2023 ) | = | Revenue | - | Cost of Goods Sold |
= | 474.571 | - | 445.582 | |
= | 29 |
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$113 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Capstone Copper'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 | |
= | 29 | / | 474.571 | |
= | 6.11 % |
* 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.
Capstone Copper (TSX:CS) 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
Capstone Copper had a gross margin of 6.11% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Thank you for viewing the detailed overview of Capstone Copper's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Humberto Antonio Fernandois | Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6) | |
Jerrold Annett | Senior Officer | |
Darren Murvin Pylot | Director, Senior Officer | |
James Craig Whittaker | Senior Officer | |
Gordon James Bell | Director | |
Peter Meredith | Director | |
Raman Randhawa | Senior Officer | |
Robert Gallagher | Director | |
Oscar Gustavo Valenzuela | Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6) | |
George Leslie Brack | Director | |
Bradley Mercer | Senior Officer |
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