Iamgold (Iamgold) Gross Profit : $124.1 Mil (TTM As of Dec. 2023)

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What is Iamgold Gross Profit?

Iamgold's gross profit for the three months ended in Dec. 2023 was $49.8 Mil. Iamgold's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $124.1 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Iamgold's gross profit for the three months ended in Dec. 2023 was $49.8 Mil. Iamgold's Revenue for the three months ended in Dec. 2023 was $297.6 Mil. Therefore, Iamgold's Gross Margin % for the quarter that ended in Dec. 2023 was 16.73%.

Iamgold had a gross margin of 16.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Iamgold was 20.16%. The lowest was -5.95%. And the median was 11.87%.

Iamgold Gross Profit Historical Data

The historical data trend for Iamgold'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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Iamgold Gross Profit Chart

Iamgold Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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69.60

250.30

62.20

147.90

124.10

Iamgold 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															20.00	43.10	26.60	4.60	49.80

Competitive Comparison of Iamgold's Gross Profit

For the Gold subindustry, Iamgold'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.

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

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

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

Iamgold Gross Profit Calculation

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

Iamgold'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
	=	987.1	-	863
	=	124.1

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

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	297.6	-	247.8
	=	49.8

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 $124.1 Mil.

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

Iamgold'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
	=	49.8	/	297.6
	=	16.73 %

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.

Iamgold (NYSE:IAG) 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

Iamgold had a gross margin of 16.73% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Iamgold Gross Profit Related Terms

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Iamgold (Iamgold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Iamgold Corp (NYSE:IAG) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

IAL:Germany IAL:Germany IMG:Canada

Address

401 Bay Street, Suite 3200, P.O. Box 153, Toronto, ON, CAN, M5H 2Y4

Website

https://www.iamgold.com

Iamgold Corp is a mid-tier gold mining company operating in three regions globally North America, South America and West Africa. Within these regions, the company is developing potential mining districts that encompass operating mines and construction, development and exploration projects. The company's operating mines include Essakane in Burkina Faso, Rosebel in Suriname and Westwood in Canada. A solid base of strategic assets is complemented by the Cote Gold construction project in Canada, the Boto Gold development project in Senegal, as well as greenfield and brownfield exploration projects in various countries located in the Americas and West Africa.