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Marimaca Copper (Marimaca Copper) Gross Margin % : 0.00% (As of Mar. 2024)


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What is Marimaca Copper Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Marimaca Copper's Gross Profit for the three months ended in Mar. 2024 was $-0.03 Mil. Marimaca Copper's Revenue for the three months ended in Mar. 2024 was $0.00 Mil. Therefore, Marimaca Copper's Gross Margin % for the quarter that ended in Mar. 2024 was 0.00%.


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


MARIF's Gross Margin % is not ranked *
in the Metals & Mining industry.
Industry Median: 19.29
* Ranked among companies with meaningful Gross Margin % only.

Marimaca Copper had a gross margin of % for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

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


Marimaca Copper Gross Margin % Historical Data

The historical data trend for Marimaca Copper'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.

Marimaca Copper Gross Margin % Chart

Marimaca Copper Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
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Marimaca Copper Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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Competitive Comparison of Marimaca Copper's Gross Margin %

For the Copper subindustry, Marimaca Copper'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.


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

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

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



Marimaca Copper Gross Margin % Calculation

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

Marimaca Copper'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 )
=-0.1 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.054) / 0
= %

Marimaca Copper's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=-0 / 0
=(Revenue - Cost of Goods Sold) / Revenue
=(0 - 0.029) / 0
= %

* 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.


Marimaca Copper  (OTCPK:MARIF) 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

Marimaca Copper had a gross margin of % for the quarter that ended in Mar. 2024 => 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.


Marimaca Copper Gross Margin % Related Terms

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Marimaca Copper (Marimaca Copper) Business Description

Traded in Other Exchanges
Address
66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6
Marimaca Copper Corp is a copper exploration company. The company's flagship asset is the Marimaca Copper Project in Chile's Antofagasta region. It is the only copper discovery globally and is a low-risk project, with substantial exploration potential.

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