Deterra Royalties (ASX:DRR) Gross Margin % : 0.00% (As of Dec. 2023)

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What is Deterra Royalties Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Deterra Royalties's Gross Profit for the six months ended in Dec. 2023 was A$119.0 Mil. Deterra Royalties's Revenue for the six months ended in Dec. 2023 was A$119.0 Mil. Therefore, Deterra Royalties's Gross Margin % for the quarter that ended in Dec. 2023 was 0.00%. If there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.

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

ASX:DRR's Gross Margin % is not ranked ^*
in the Metals & Mining industry.
Industry Median: 19.17
* Ranked among companies with meaningful Gross Margin % only.

Deterra Royalties had a gross margin of N/A% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Deterra Royalties was 0.00% per year.

Deterra Royalties Gross Margin % Historical Data

The historical data trend for Deterra Royalties'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.

Deterra Royalties Gross Margin % Chart

Deterra Royalties Annual Data

Trend

Jun21

Jun22

Jun23

Gross Margin %

Deterra Royalties Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial			-	-	-	-	-

Competitive Comparison of Deterra Royalties's Gross Margin %

For the Other Industrial Metals & Mining subindustry, Deterra Royalties'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.

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

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

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

Deterra Royalties Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue. (Note that if there's no value for Cost of Goods Sold, then Gross Margin % is not calculated.)

Deterra Royalties's Gross Margin for the fiscal year that ended in Jun. 2023 is calculated as

Gross Margin % (A: Jun. 2023 )	=	Gross Profit (A: Jun. 2023 )	/	Revenue (A: Jun. 2023 )
	=	229.3	/	229.264
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(229.264 - 0)	/	229.264
	=	N/A %

Deterra Royalties'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 )
	=	119	/	118.984
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(118.984 - 0)	/	118.984
	=	N/A %

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.

Deterra Royalties (ASX:DRR) 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

Deterra Royalties had a gross margin of N/A% 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.

Deterra Royalties Gross Margin % Related Terms

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Deterra Royalties (ASX:DRR) Business Description

Industry

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Traded in Other Exchanges

DETRF:USA

Address

140 St Georges Terrace, Level 16, Perth, WA, AUS, 6000

Website

https://www.iluka.com

Deterra Royalties was spun out from Iluka Resources in October 2020 with Iluka retaining a 20% interest. Its only material income generating asset is a royalty covering iron ore produced by BHP from the Mining Area C royalty area, located in the Pilbara region of Western Australia. The royalty area includes the North Flank mine, producing approximately 60 million metric tons of iron ore a year, and the South Flank mine, expected to add a further 85 million metric tons a year by 2024 after producing first ore in 2021. The MAC royalty area also covers most of the Tandanya and Mudlark deposits, which BHP intends to develop in the longer term as part of its plan to operate the MAC production hub for at least 50 years. Deterra's strategy is to grow into a diversified royalty company.