Contango Ore's gross profit for the
three
months ended in Dec. 2023 was $-0.16 Mil. Contango Ore's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.63 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Contango Ore's gross profit for the
three
months ended in Dec. 2023 was $-0.16 Mil. Contango Ore's Revenue for the
three
months ended in Dec. 2023 was $0.00 Mil. Therefore, Contango Ore's Gross Margin % for the quarter that ended in Dec. 2023 was %.
Contango Ore had a gross margin of % for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Contango Ore Gross Profit Historical Data
The historical data trend for Contango Ore'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.
Competitive Comparison of Contango Ore's Gross Profit
For the Gold subindustry, Contango Ore'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.
Contango Ore's Gross Profit Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Contango Ore's Gross Profit distribution charts can be found below:
* The bar in red indicates where Contango Ore's Gross Profit falls into.
Contango Ore Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Contango Ore's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as
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 $-0.63 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Contango Ore (AMEX:CTGO) 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
Contango Ore had a gross margin of % for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Contango Ore Gross Profit Related Terms
Thank you for viewing the detailed overview of Contango Ore's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CTGO has been successfully added to your 